Developers and Builders - don't miss this exceptional opportunity in the heart of River West! This vacant land parcel zoned RT-4 offers incredible potential for a new residential development in one of Chicago's most sought-after and rapidly appreciating urban neighborhoods. River West continues to attract strong buyer demand thanks to its proximity to downtown, vibrant dining and nightlife, and convenient access to transportation. RT-4 zoning allows for a variety of residential possibilities, making this an ideal site for a thoughtfully designed development that can capture top-of-the-market pricing in a location where new construction consistently commands premium values. Surrounded by modern developments and ongoing revitalization, this parcel sits in a corridor where investment momentum continues to grow. Buyers are encouraged to consult with an architect and/or zoning professional to verify development potential, density allowances, and the intended end use.
Active
$485,000
941 N Racine Ave, Chicago, IL 60642
--beds
--baths
2,500Square Feet
Unimproved Land
Built in ----
2,500 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Surrounded by modern developmentsOngoing revitalization
- 82 days |
- 93 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Roger Joseph 773-230-1396,
Joseph Realty LTD
Source: MRED as distributed by MLS GRID,MLS#: 12584624
Facts & features
Interior
Appliances
- Laundry: None
Features
- Basement: None
Property
Features
- Frontage length: 25
Lot
- Size: 2,500 Square Feet
- Dimensions: 25 X 100
Details
- Parcel number: 17054120120000
- Zoning: OTHER
- Special conditions: None
Utilities & green energy
- Utilities for property: None
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $186,250
- Annual tax amount: $3,753
- Date on market: 4/1/2026
- Ownership: Fee Simple
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/1/2026 | Listed for sale | $485,000-2% |
Source:  MRED as distributed by MLS GRID #12584624 Report a problem | ||
| 6/16/2025 | Listing removed | $495,000 |
Source: MRED as distributed by MLS GRID #12284388 Report a problem | ||
| 2/14/2025 | Listed for sale | $495,000-1% |
Source: MRED as distributed by MLS GRID #12284388 Report a problem | ||
| 10/11/2023 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11829298 Report a problem | ||
| 7/14/2023 | Listed for sale | $500,000-9.1% |
Source: MRED as distributed by MLS GRID #11829298 Report a problem | ||
| 10/23/2018 | Listing removed | $549,900 |
Source: @properties #09982777 Report a problem | ||
| 6/12/2018 | Price change | $549,9000% |
Source: @properties #09982777 Report a problem | ||
| 3/13/2018 | Price change | $550,000-8.3% |
Source: Coldwell Banker Residential Brokerage - Lincoln Park Clybourn #09831734 Report a problem | ||
| 1/16/2018 | Listed for sale | $600,000+242.9% |
Source: Coldwell Banker Residential #09831734 Report a problem | ||
| 10/26/2006 | Sold | $175,000+400% |
Source: Public Record Report a problem | ||
| 3/26/1998 | Sold | $35,000+5% |
Source: Public Record Report a problem | ||
| 12/30/1993 | Sold | $33,333 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $18,625 +24.2% |
| 2023 | $3,174 +2.9% | $15,000 |
| 2022 | $3,085 +2.3% | $15,000 |
| 2021 | $3,016 +59.3% | $15,000 +76.5% |
| 2020 | $1,894 +10.9% | $8,500 |
| 2019 | $1,708 +1.7% | $8,500 |
| 2018 | $1,679 +4% | $8,500 +13.3% |
| 2017 | $1,615 +7.5% | $7,500 |
| 2016 | $1,502 +9.3% | $7,500 |
| 2015 | $1,374 +16.2% | $7,500 +17.6% |
| 2014 | $1,183 +2% | $6,375 |
| 2013 | $1,159 +1.4% | $6,375 |
| 2012 | $1,144 -16.9% | $6,375 -25% |
| 2011 | $1,377 | $8,500 |
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Goose Island
Nearby schools
GreatSchools rating
- 4/10Ogden Elementary SchoolGrades: PK-8Distance: 1.5 mi
- 1/10Wells Community Academy High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Ogden Elementary
- High: Wells Community Academy Senior H
- 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- Cook County
- Chicago
- 60642
- Goose Island
- 941 N Racine Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Chicago Topics
