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3825 N Kedzie Ave - 3825 N Kedzie Ave, Chicago 0.32 Acres of Residential Land Offered at $1,950,000 in Chicago, IL 60618



INVESTMENT HIGHLIGHTS
- Fully Entitled for 50-Units
- Infill Location
- 16% On-site Affordable Requirement
EXECUTIVE SUMMARY
Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”), on behalf of Ownership, has been exclusively retained to offer for sale to qualified investors the opportunity to purchase a 100% fee-simple interest in an infill development opportunity located at 3819 N. Kedzie Avenue in Chicago Illinois (the “Property”). The Property is a 14,090 square-foot land site currently entitled for a 50-unit residential apartment development with approximately 50,695 feet of buildable area. Current approved plans call for an additional enclosed 28 approved parking spaces.
Located in the Irving Park East Neighborhood, this is a rare opportunity to acquire a development site that features more than 112 feet of frontage on Kedzie and sits roughly at the intersection of Kedzie and Grace, just two blocks north from the Elston/ Addison/Kedzie 6-way intersection anchored by Elston Plaza (Jewel-Osco anchor). The Property is ideally positioned in one of Chicago’s most established and family-friendly neighborhoods with excellent connectivity to major employment centers and multiple modes of transportation. The site is within a short distance of the I-90/I-94 Kennedy Expressway, with easy access headed both east and west. Further, it’s within walking distance to Addison Mall (Target-anchored shopping center), Home Depot, Floor and
Decor, Portillo’s and Chick Fil A, amongst many other retailers.
Located in the Irving Park East Neighborhood, this is a rare opportunity to acquire a development site that features more than 112 feet of frontage on Kedzie and sits roughly at the intersection of Kedzie and Grace, just two blocks north from the Elston/ Addison/Kedzie 6-way intersection anchored by Elston Plaza (Jewel-Osco anchor). The Property is ideally positioned in one of Chicago’s most established and family-friendly neighborhoods with excellent connectivity to major employment centers and multiple modes of transportation. The site is within a short distance of the I-90/I-94 Kennedy Expressway, with easy access headed both east and west. Further, it’s within walking distance to Addison Mall (Target-anchored shopping center), Home Depot, Floor and
Decor, Portillo’s and Chick Fil A, amongst many other retailers.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,950,000 | Lot Size | 0.32 AC |
| Price Per AC | $6,028,528.85 |
| Price | $1,950,000 |
| Price Per AC | $6,028,528.85 |
| Lot Size | 0.32 AC |
112.50' x 125.22'
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $64,708 | |
| Land Assessment | $123,042 | Total Assessment | $187,750 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$123,042
Improvements Assessment
$64,708
Total Assessment
$187,750
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3825 N Kedzie Ave - 3825 N Kedzie Ave, Chicago
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