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  • $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

    **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.
    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#: 12734518MLS Logo

      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

        DateEventPrice
        8/17/2026Listed for sale$1,000,000
        Source: MRED as distributed by MLS GRID #12734518 Report a problem
        10/7/2024Listing removed$1,000,000
        Source: MRED as distributed by MLS GRID #11920447 Report a problem
        9/16/2024Listed for sale$1,000,000
        Source: MRED as distributed by MLS GRID #11920447 Report a problem
        8/27/2024Contingent$1,000,000
        Source: MRED as distributed by MLS GRID #11920447 Report a problem
        8/8/2024Listed for sale$1,000,000
        Source: MRED as distributed by MLS GRID #11920447 Report a problem
        7/2/2024Contingent$1,000,000
        Source: MRED as distributed by MLS GRID #11920447 Report a problem
        10/31/2023Listed for sale$1,000,000
        Source: MRED as distributed by MLS GRID #11920447 Report a problem
        10/31/2023Listing removed--
        Source: MRED as distributed by MLS GRID #11663664 Report a problem
        10/31/2022Listed for sale$1,000,000+11.2%
        Source: MRED as distributed by MLS GRID #11663664 Report a problem
        5/23/2021Listing removed--
        Source: MRED as distributed by MLS GRID #11028380 Report a problem
        3/22/2021Listed for sale$899,000-21.8%
        Source: MRED as distributed by MLS GRID #11028380 Report a problem
        1/31/2020Listing removed$1,149,000
        Source: Goldbay Advisors Inc. #10557644 Report a problem
        10/25/2019Listed for sale$1,149,000+541.9%
        Source: Goldbay Advisors Inc. #10557644 Report a problem
        5/14/2007Sold$179,000+43.2%
        Source: Public Record Report a problem
        12/2/2004Sold$125,000+16.8%
        Source: Public Record Report a problem
        5/11/2004Sold$107,000+94.5%
        Source: Public Record Report a problem
        12/2/2003Sold$55,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Homan Square

        Getting around

        74 / 100
        Very Walkable
        71 / 100
        Excellent Transit
        58 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: 299

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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