**RARE FULL-BLOCK DEVELOPMENT & INVESTMENT OPPORTUNITY - 700-720 S. KEDZIE AVE.** Exceptional opportunity for a developer, investor, nonprofit, institutional user or community-focused development team to control approximately **33,000 SF (.75+ acre) across SIX CONTIGUOUS PARCELS under one ownership**, providing approximately **264 feet of Kedzie Avenue frontage** and the scale, visibility and flexibility increasingly difficult to assemble in Chicago. Zoned **PD 999 (Planned Development)**, this site presents compelling long-term upside for a qualified buyer capable of pairing a strong development concept with City, political and community support. Potential concepts worth investigating include **multifamily or affordable/workforce housing, mixed-income development, senior housing, institutional/educational uses, healthcare, community-serving development or other thoughtfully conceived projects**, subject to zoning and governmental approvals and any required amendment to the existing Planned Development. **THE FINANCIAL OPPORTUNITY IS IN THE SCALE:** nearly 33,000 contiguous SF creates multiple potential paths to value creation through redevelopment, income-producing residential development, institutional use, land banking and potential public/private development partnerships. Qualified purchasers should independently investigate available **TIF, affordable-housing, tax-credit, grant and other City/State economic-development programs** that may potentially improve project feasibility; no incentive or funding is represented or guaranteed by Seller. Importantly, prospective purchasers are encouraged to engage early with **28th Ward Alderman Jason C. Ervin, the City of Chicago and community stakeholders** regarding any proposed redevelopment. Based upon feedback received during prior marketing, **a gas-station concept was not favored**, creating an opportunity for a capable development team to bring forward a stronger neighborhood-serving vision. Strategically positioned just south of Harrison Street, **minutes from I-290/Eisenhower Expressway and Downtown Chicago**, with public-transit connectivity, major Kedzie frontage and the **Chicago Police Department's 11th District station nearby**, the property offers exceptional regional accessibility. Seller understands that maximizing this site's potential requires the **right buyer, capitalization, development plan and community/political relationships** and is prepared to negotiate a fair transaction with a financially capable purchaser positioned to execute. **BRING YOUR ARCHITECT, CAPITAL PARTNERS AND VISION-SELLER IS READY TO REVIEW SERIOUS OFFERS.** Buyer to independently verify zoning, PD requirements, allowable uses, density, utilities, environmental conditions, taxes, incentives and all governmental/community approvals.
Active
$1,000,000
700 S Kedzie Ave, Chicago, IL 60612
--beds
--baths
0.75Acres
Unimproved Land
Built in ----
0.75 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 18 days
- 98
- 3
Zillow last checked:
Listing updated:
Listed by:
Michael Applegate 708-743-0043,
Straight-A Realty, LLC,
Brittany Jones,
Straight-A Realty, LLC
Source: MRED as distributed by MLS GRID,MLS#: 12734518
Facts & features
Property
Features
- Frontage length: 264
Lot
- Size: 0.75 Acres
- Dimensions: 264X125
Details
- Additional parcels included: 16144070380000,16144070390000,16144070400000,16144070430000,16144070440000
- Parcel number: 16144070420000
- Zoning: PUD
- Special conditions: None
Utilities & green energy
- Sewer: Storm Sewer
- Water: Municipal Water
- Utilities for property: Electricity Nearby, Natural Gas Nearby, Sewer Nearby
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $29,230
- Annual tax amount: $9,591
- Date on market: 8/17/2026
- Ownership: Fee Simple
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$2,202/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/17/2026 | Listed for sale | $1,000,000 |
Source: | ||
| 10/7/2024 | Listing removed | $1,000,000 |
Source: | ||
| 9/16/2024 | Listed for sale | $1,000,000 |
Source: | ||
| 8/27/2024 | Contingent | $1,000,000 |
Source: | ||
| 8/8/2024 | Listed for sale | $1,000,000 |
Source: | ||
| 7/2/2024 | Contingent | $1,000,000 |
Source: | ||
| 10/31/2023 | Listed for sale | $1,000,000 |
Source: | ||
| 10/31/2023 | Listing removed | -- |
Source: | ||
| 10/31/2022 | Listed for sale | $1,000,000+11.2% |
Source: | ||
| 5/23/2021 | Listing removed | -- |
Source: | ||
| 3/22/2021 | Listed for sale | $899,000-21.8% |
Source: | ||
| 1/31/2020 | Listing removed | $1,149,000 |
Source: Goldbay Advisors Inc. #10557644 Report a problem | ||
| 10/25/2019 | Listed for sale | $1,149,000+541.9% |
Source: Goldbay Advisors Inc. #10557644 Report a problem | ||
| 5/14/2007 | Sold | $179,000+43.2% |
Source: Public Record Report a problem | ||
| 12/2/2004 | Sold | $125,000+16.8% |
Source: Public Record Report a problem | ||
| 5/11/2004 | Sold | $107,000+94.5% |
Source: Public Record Report a problem | ||
| 12/2/2003 | Sold | $55,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $589 +17.6% | $2,923 +23.4% |
| 2023 | $501 +2.6% | $2,368 |
| 2022 | $489 +2.3% | $2,368 |
| 2021 | $478 -9.7% | $2,368 |
| 2020 | $529 +10.9% | $2,368 |
| 2019 | $477 +1.7% | $2,368 |
| 2018 | $469 +2.7% | $2,368 +11.9% |
| 2017 | $457 +7.8% | $2,116 |
| 2016 | $424 +9.3% | $2,116 |
| 2015 | $388 +3.7% | $2,116 +5% |
| 2014 | $374 +2% | $2,016 |
| 2013 | $367 -82.7% | $2,016 -84.4% |
| 2005 | $2,117 +1% | $12,958 |
| 2004 | $2,096 +2.2% | $12,958 |
| 2003 | $2,050 | $12,958 |
Find assessor info on the county website




