643 W 18th St

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Address: 643 W 18th St, Chicago, IL 60616, USA

Chicago & Midwest + Land/Development

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.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Land/Development
Price:	$299,000
Lot Size:	0.06 Sq ft
Opportunity Zone:	No
Property Website	Click Here