315 Jefferson StChicago, IL 60661

Property Details for 315 Jefferson St

Year built

2001

Lot size

0.20 AC

Property type

Commercial real estate

APN

17-16-119-063

APU

1716119063

Description

This exceptional 8,527 square foot commercial land parcel, located at 315 S Jefferson St in Chicago, IL, presents a remarkable development opportunity. Currently operating as a profitable 40-stall surface parking lot, this property is zoned DX-7, offering significant potential for high-density construction. The lot's size allows for a total buildable floor area ratio (FAR) of 59,589 square feet. Under current zoning regulations, developers can construct up to 69 residential units by right, making this an ideal site for a multi-family residential project. The property's prime location in Chicago's vibrant West Loop neighborhood provides easy access to public transportation, major roadways, and a wealth of amenities. The Cook County Assessor's Parcel Number (APN) is 17-16-119-073. The asking price for this exceptional development site is $2,500,000. This is a rare chance to acquire a highly desirable, income-producing property with significant upside potential in one of Chicago's most sought-after neighborhoods. Don't miss this opportunity to capitalize on the thriving West Loop market. The zip code is 60661.

• Alternative Use

  Use

  Valuation

  Residential

  $3,213,877

  Hospitality

  $2,943,894

  Educational

  $2,449,286

  Medical

  $2,533,520

  Retail

  $3,810,000

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8775

Longitude

-87.6421

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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