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1520-1540 W Jarvis Ave 15,000 SF Vacant Retail Building Chicago, IL 60626 $3,200,000 ($213.33/SF)
Investment Highlights
- Zoned C2-3 with 3.0 FAR, supporting up to 63 dwelling units by right.
- Current improvements include an auto body shop, two active retail storefronts, and three residential units.
- East Rogers Park location surrounded by residential density and thriving retail corridors.
- Located steps from the CTA Jarvis Red Line Station for maximum transit access.
- Positioned just three blocks from Lake Michigan and public beach access.
- Asking price of $2,300,000 for an outstanding redevelopment or adaptive reuse opportunity.
Executive Summary
This rare East Rogers Park asset offers an ideal opportunity for investors or developers seeking a versatile property in a highly transit-oriented location. Situated three blocks from Lake Michigan and adjacent to the CTA Jarvis Red Line Station, the site spans 24,302 SF with a 15,000 SF existing building footprint. Zoned C2-3 with generous 3.0 FAR, the property allows for significant redevelopment—potentially up to 63 dwelling units by right on upper floors complemented by quality ground-floor commercial spaces.
Currently configured as an auto body shop with two retail storefronts and three residential units, this address combines existing cash flow with long-term development upside. Its proximity to beaches, dense urban housing, and strong retail corridors enhances its appeal for multifamily, retail, or mixed-use concepts. The property’s walkable neighborhood and immediate access to public transit underscore its viability for a transit-oriented development (TOD) strategy in one of Chicago’s most vibrant communities.
Currently configured as an auto body shop with two retail storefronts and three residential units, this address combines existing cash flow with long-term development upside. Its proximity to beaches, dense urban housing, and strong retail corridors enhances its appeal for multifamily, retail, or mixed-use concepts. The property’s walkable neighborhood and immediate access to public transit underscore its viability for a transit-oriented development (TOD) strategy in one of Chicago’s most vibrant communities.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,000 SF
Building Class
C
Year Built
1913
Price
$3,200,000
Price Per SF
$213.33
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.64
Lot Size
0.54 AC
Zoning
C2-3 - Motor Vehicle-Related Commercial District
Parking
20 Spaces (1.03 Spaces per 1,000 SF Leased)
Very walkable
80/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-29-310-011-0000 | Improvements Assessment | $154,870 |
| Land Assessment | $115,957 | Total Assessment | $270,827 |
Property Taxes
Parcel Number
11-29-310-011-0000
Land Assessment
$115,957
Improvements Assessment
$154,870
Total Assessment
$270,827
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1520-1540 W Jarvis Ave
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