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36 Properties Within 0.5 miles of: 700 S Kedzie, Chicago

700 S Kedzie
Chicago, IL 60612

Price

$1,000,000

Est Payment
$5,935 / month (details)  
Taxes
$9,591  
Type
Land  
Sq. Ft.
n/a  
Lot Size
264X125  
Neighborhood
Homan Square  
MLS
#12734518
Status
Active (7 days)

Property Description

**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.

Property Map

Property Details

Utilities

  • Heating
  • Cooling
  • Water Municipal Water
  • Sewer Storm Sewer

Additional Information

Schools
District 299

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

08-16-2026 Listed at $1,000,000
Last Modified 8/22/26 12:05 AM

Nearby Transportation

  • Bus 52 0.1 mi
  • Bus 7 0.1 mi
  • Bus 82 0.3 mi
  • Bus 126 0.3 mi
  • Bus 12 0.4 mi
  • Bus 94 0.5 mi
  • Bus 20 0.6 mi
  • Bus 157 0.9 mi
  • Bus 18 0.9 mi
  • Bus 53 1.0 mi
  • Bus X49 1.0 mi
  • Bus 49 1.0 mi
  • Union Pacific West 1.1 mi
  • Blue Line 0.1 mi
  • Green Line 0.8 mi
  • I 290 East 0.2 mi
  • I 290 West 0.3 mi
  • I 55 South 2.8 mi
  • I 55 North 2.9 mi
  • I 90 West 3.0 mi
  • I 94 West 3.0 mi
  • I 90 East 3.0 mi
  • I 94 East 3.0 mi
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