For Sale
$3,900,000

5354 Sheridan Rd Chicago, IL 60640

Prime North Side Location, 15,000 SF

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 15,000-square-foot commercial development site presents a remarkable opportunity for investors. Located at the highly desirable corner of Sheridan and Balmoral in Chicago, Illinois (zip code 60640), this Cook County property boasts pre-approved plans and permits for a 50-unit multi-family development. Its prime location offers unparalleled convenience, situated within walking distance of Lake Michigan, public transportation, Mariano's grocery store, and the Saddle and Cycle Club. The site's address is 5354 N Sheridan Road. The asking price for this ready-to-build land is $3,900,000. This is a turnkey project, eliminating the time and expense associated with securing necessary approvals. The property's strategic location and existing development plans make it an ideal investment for experienced developers seeking a high-return project in a thriving Chicago neighborhood. Broker co-op is available.

Highlights

  • Prime corner lot at Sheridan & Balmoral in Chicago's desirable 60640 zip code.
  • Pre-approved plans and permits for a 50-unit multifamily development.
  • 15,000 square foot site, ready for immediate construction.

Property Details for 5354 Sheridan Rd

Property type
Land, High-rise multifamily apartments

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.979800035873
Longitude
-87.655111050059

FAQs

What type of property is this?
Land - Prime North Side Location, 15,000 SF
Where is the land located?
The property is located at 5354 Sheridan Rd Chicago, IL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Prime corner lot at Sheridan & Balmoral in Chicago's desirable 60640 zip code.; Pre-approved plans and permits for a 50-unit multifamily development.; 15,000 square foot site, ready for immediate construction.
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.
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5354 Sheridan Rd
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