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About the Listing 27867 - 247911,264809
**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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
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- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Municipal Water
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 264X125
- Zoning: PUD
- Roof:
- Others:
- Sewer: Storm Sewer
Financial Details
- Tax Amount: $9,591
- Taxes w/Assessments: N/A
- Tax/Property ID: 16144070420000
- Tax Year: 2024
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700 S Kedzie Ave Chicago, IL 60612
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