Your email has been sent.
2950-2958 N Leavitt St - Redevelopment Opportunity on 4 City Lots 0.3 Acres of Industrial Land Offered at $1,890,000 in Chicago, IL 60618
INVESTMENT HIGHLIGHTS
- Redevelopment Opportunity (4 City Lots Totaling 11,931 SF) with Multi- Story Residential adjacent & Across street
- Prime corner location at Leavitt St, Wellington Ave & Clybourn Ave
- Ideal for Apartments, Condos, retail or industrial uses
- Located in Chicago’s thriving West Lakeview neighborhood
EXECUTIVE SUMMARY
Ideal for Apartments, Condos, retail or industrial uses
Located in Chicago’s thriving West Lakeview neighborhood, this 13,059 SF industrial/flex building sits on four city lots totaling 11,931 SF (0.27 acres) at the corner of Leavitt St, Wellington Ave, and Clybourn Ave. The M1-2 zoning allows for low-impact manufacturing, warehousing, and business park uses, while the surrounding multi-story residential developments make it an ideal redevelopment opportunity for multi-family housing. The property features 14’ clear warehouse height, a 12’ x 12’ overhead door, 1,800 amps of 240V 3-phase power, and LED lighting throughout the first floor, with fully air-conditioned space and approximately 15% office, including second-floor offices. Additional highlights include 12-car parking and a prime location in one of Chicago’s most desirable areas. With 2023 real estate taxes at $36,618.12 ($2.80 per SF), this property presents a unique opportunity for investors, developers, or owner-users looking to capitalize on West Lakeview’s strong demand for both industrial and residential space.
• Ideal User Investor warehouse Opportunity OR Residential Redevelopment (4 City Lots Totaling 11,931 SF) with Multi- Story Residential adjacent & Across street
• 13,059 SF industrial/flex building w/ Approximately 15% office including second floor office space (Former Ultra Metric Tool Plant)
• 11,931 SF (0.27 acre) land site
• 4 city lots totaling 95.45’ x 125’
• Located at the corner of Leavitt St, Wellington Ave & Clybourn Ave.
• In Chicago’s Thriving West Lakeview Neighborhood
• Building is 100% AC
• LED lighting throughout first floor
• 1,800 amps 240 volt 3-phase power
• 12 car parking
• 12’ x 12’ overhead door
• 14’ clear in warehouse
• 2023 real estate taxes payable in 2024: $36,618.12 ($2.80 per SF)
PROPERTY FACTS
| Price | $1,890,000 | Property Subtype | Industrial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.30 AC |
| Property Type | Land | ||
| Zoning | M1 - Limited Manufacturing/Business Park District | ||
| Price | $1,890,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 0.30 AC |
| Zoning | M1 - Limited Manufacturing/Business Park District |
1 LOT AVAILABLE
Lot
| Price | $1,890,000 | Lot Size | 0.30 AC |
| Price Per AC | $6,300,000.00 |
| Price | $1,890,000 |
| Price Per AC | $6,300,000.00 |
| Lot Size | 0.30 AC |
Prime Chicago lots at 2950-2958 N Leavitt St, 60618, featuring an industrial building with redevelopment potential for multi-family or continued industrial use. Excellent location with strong accessibility in a sought-after area. 4 City lots in total
DESCRIPTION
Located in Chicago’s thriving West Lakeview neighborhood, this property sits at the prominent corner of Leavitt St, Wellington Ave, and Clybourn Ave. Surrounded by a mix of industrial, commercial, and multi-story residential developments, the area offers excellent accessibility and strong redevelopment potential. The site is just minutes from major thoroughfares, providing convenient access to downtown Chicago, nearby neighborhoods, and transportation routes. With a growing demand for residential and mixed-use properties, this location presents a prime opportunity for investors, developers, and owner-users looking to establish a presence in one of the city’s most desirable districts.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $29,277 | |
| Land Assessment | $74,568 | Total Assessment | $103,845 |
PROPERTY TAXES
Presented by
2950-2958 N Leavitt St - Redevelopment Opportunity on 4 City Lots
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.