700 S Kedzie Avenue, Chicago IL 60612
- Size 0.75 acres
- Dimensions 264X125
- Taxes $9,591
- Payment Estimate View Mortgage Calculator
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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.
Features & Information
Key Details
- List Price $1,000,000
- Property Taxes $9,591
- Lot Size 0.75
- Lot Dimensions 264X125
- Market Time 2
- Status New
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
Location
- County Cook
- Township West Chicago
- Corporate Limits Chicago
- Directions to Property I-290 To Kedzie Ave, North On Kedzie To Property At 700-720 S Kedzie Ave, Just South Of Harrison St.
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Property Taxes
- Tax $9,591
- Tax Year 2024
- Tax Exemptions None
- Parcel Identification Number 16144070420000
Listed by Michael Applegate for Straight-A Realty, LLC | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/20/2026 8:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Homan Square
A neighborhood which first came to prominence as a refuge from the Great Chicago Fire, only to be nearly destroyed by arson a century later, Homan Square proudly stands today as one of the city's prime examples of urban renewal and revitalization. New commercial and residential development, coupled with strong support from the city and private investors, has made Homan Square a thriving community with a shopping, dining and entertainment scene. The modern homes, green commons and planned layout of the neighborhood provide a pleasant and spacious backdrop that is rather rare in Chicago. Homan Square incorporates curving drives and mini-subdivisions – a nice change to the city's conventional grid-like block arrangement. A public community center is the icing on the cake for Homan Square residents. The campus offers family, health, recreation and education services in a beautiful indoor facility that even boasts an Olympic-size swimming pool and state-of-the-art exercise equipment.
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