Address: 643 W 18th St, Chicago, IL 60616, USA
Created date: June 24, 2024
Date last updated: September 10, 2024
- Attractive Pilsen Location
- Family Owned for Generations
- 25′ X 101′ Lot
- RT-4 Zoning
Property Description
Essex Three-Twelve, LLC. has been exclusively retained to market for sale 643 W. 18th Street, a parcel of land located in the heart of the Pilsen neighborhood of Chicago. In recent years, Pilsen has become one of the most sought-after neighborhoods by investors and developers primarily due to being an extremely low-density market with proximity to downtown and the area’s dynamic fundamentals, including a thriving artist community.
The land which was recently a distressed mixed-use property has been owned by the same family for generations. The building was very recently demolished leaving this approximately 2,525 SF lot, with RT-4 Zoning, ready for a new owner to come in and develop a building in an ever-growing market. RT-4 Zoning permits the construction of two-flats, townhouses, low-density apartment buildings, and single-family homes. An investor has an extremely rare opportunity to acquire a parcel of land in an area that has undergone tremendous growth and development.