530 Winnetka Ave Winnetka, IL 60093-4023

This exceptional 0.4029-acre development site in Winnetka, Illinois, presents a unique opportunity for multifamily development. Located just steps from the Indian Hill Metra station and conveniently close to I-94 access ramps, this property offers unparalleled connectivity to both the vibrant city of Chicago and the surrounding affluent neighborhoods. The site's prime location in the desirable Winnetka community places residents within easy reach of Northwestern University, providing access to employment, education, and recreational opportunities. The Winnetka/Kenilworth area has experienced substantial rent growth in recent years, with a notable shortage of high-end multifamily housing. This presents a compelling opportunity to cater to the high demand for upscale residential units. Current zoning permits up to 9.6 units, with the potential for increased zoning based on adjacent properties zoned C-1 District. Ground floor residential use is permissible under Special Use. The Village of Winnetka is actively investing in improvements to enhance the retail environment, pedestrian safety, and traffic flow, further bolstering the area's appeal. This site offers a rare chance to develop a highly sought-after residential project in a thriving market.