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3953 Michigan Ave Chicago, IL 60653

31,200 SF lot, ideal development.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 31,200 square foot land parcel, located at 3953 S. Michigan Ave in Chicago, IL, presents a remarkable development opportunity. Situated in the Bronzeville Opportunity Zone, this property boasts an M1-3 zoning designation and offers significant potential for transit-oriented development (TOD). The lot measures approximately 195 feet along South Michigan Avenue and extends 160 feet in depth (.72 acres). Its prime location is adjacent to the CTA Green Line station at South Indiana and East 40th Street, ensuring excellent accessibility and high visibility. The property includes both land and an existing building. Note that an adjacent 22,400 square foot land site at 3954 S. Indiana Avenue is also available for purchase. The Cook County Assessor's Parcel Number (APN) is 20-03-102-008-0000. This property is categorized as residential land. This is a unique chance to capitalize on the vibrant Bronzeville neighborhood and its strong growth potential. The property's size and zoning make it suitable for a variety of development projects. Serious inquiries are encouraged.

Highlights

  • Exceptional 31,200 SF development opportunity in Chicago's Bronzeville Opportunity Zone.
  • M1-3 zoning allows for transit-oriented development (TOD).
  • Prime location: 195' frontage on S. Michigan Ave, adjacent to CTA Green Line.
  • Includes existing building and .72-acre lot (APN: 20-03-102-008-0000).
  • Adjacent 22,400 SF parcel at 3954 S. Indiana Ave also available.

Property Details for 3953 Michigan Ave

Property type
Land

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.82198700996
Longitude
-87.623131416174
3953 Michigan Ave, Chicago, Illinois

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FAQs

What type of property is this?
Land - 31,200 SF lot, ideal development.
Where is the land located?
The property is located at 3953 Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Exceptional 31,200 SF development opportunity in Chicago's Bronzeville Opportunity Zone.; M1-3 zoning allows for transit-oriented development (TOD).; Prime location: 195' frontage on S. Michigan Ave, adjacent to CTA Green Line.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Joe Padorr
Joe Padorr
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Michigan Ave
Chicago, IL 60653

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Michigan Ave
Chicago, IL 60653

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

3953 Michigan Ave
  • Joe Padorr
    Joe Padorr
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(312) 316-2300

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