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6027 N Kenmore Ave - 6027 N Kenmore Ave - JV available - no money 0.17 Acres of Residential Land Offered at $1,599,000 in Chicago, IL 60660

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INVESTMENT HIGHLIGHTS

  • Shovel Ready Site, Permitted for Immediate Development
  • Development Options: Option 1: 7-story building with 15 units and parking on-site; Option 2: 5-story building with 17 units and parking on-site
  • Easy access to public transportation with CTA buses and Red Line
  • Buyer can start the project immediately with no money down. Seller may consider contributing the land as equity in Joint Venture
  • All necessary permits for construction, plumbing, and electricity are secured. Full environmental report and soil investigation available
  • Parks and beaches including Lane Beach and Loyola Beach. Close to top-rated schools and Loyola University

EXECUTIVE SUMMARY

Buyer can start the project immediately with no money down. Seller may consider contributing the land as equity in Joint Venture. Thereby JV partner is holding off purchase expenses until completion. Open Seller. Contact for more information. 6027 N Kenmore is Shovel Ready Site, Permitted for Immediate Development. This exceptional 7,500 SqFt lot comes with all the necessary permits and documentation in place. The asking price is $1.8 million, and the zoning is RM-6 (300 sq ft per dwelling unit, 135 sq ft per efficiency unit, 135 sq ft per SRO unit). Development Plans include two types: Option 1: 7-story building with 15 units and 15 parking spaces, featuring a roof deck, spacious 2-bedroom/2-bath and 3-bedroom/3.5-bath units; Option 2: 5-story building with 17 units, including primary 2-bedroom/2-bath units and one 1-bedroom/1.5-bath unit with parking on-site. Land and utility availability have been verified. All necessary permits for construction, plumbing, and electricity are secured. Full environmental report available. Detailed geotechnical investigation report on hand. RM-6 zoning has been verified and permitted.

FINANCIAL SUMMARY (PRO FORMA - 2026)

ANNUAL ANNUAL PER AC
Gross Rental Income $626,640 $3,639,024.39
Other Income - -
Vacancy Loss - -
Effective Gross Income $626,640 $3,639,024.39
Taxes - -
Operating Expenses - -
Total Expenses $212,032 $1,231,312.43
Net Operating Income $414,608 $2,407,711.96

FINANCIAL SUMMARY (PRO FORMA - 2026)

Gross Rental Income
Annual $626,640
Annual Per AC $3,639,024.39
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $626,640
Annual Per AC $3,639,024.39
Taxes
Annual -
Annual Per AC -
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $212,032
Annual Per AC $1,231,312.43
Net Operating Income
Annual $414,608
Annual Per AC $2,407,711.96

PROPERTY FACTS

Price $1,599,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Apartment Units
  • Apartment Units - Condo
  • Planned Unit Development
Total Lot Size 0.17 AC
Zoning RM-6 - RM - Residential Multi-Unit District. Medium to high-density apartment buildings. Two-flats, townhouses, and single family homes are also allowed.

1 LOT AVAILABLE

Lot

Price $1,599,000
Price Per AC $9,287,008.64
Lot Size 0.17 AC

Shovel Ready Site, Permitted for Immediate Development. Buyer can start the project immediately with no money down. Seller may consider contributing the land as equity in Joint Venture. Thereby JV partner is holding off purchase expenses.

DESCRIPTION

Buyer can start the project immediately with no money down. Seller may consider contributing the land as equity in Joint Venture. Thereby JV partner is holding off purchase expenses until completion. Open Seller. Contact for more information. 6027 N Kenmore is Shovel Ready Site, Permitted for Immediate Development. This exceptional 7,500 SqFt lot comes with all the necessary permits and documentation in place. The asking price is $1.8 million, and the zoning is RM-6 (300 sq ft per dwelling unit, 135 sq ft per efficiency unit, 135 sq ft per SRO unit). Development Plans include two types: Option 1: 7-story building with 15 units and 15 parking spaces, featuring a roof deck, spacious 2-bedroom/2-bath and 3-bedroom/3.5-bath units; Option 2: 5-story building with 17 units, including primary 2-bedroom/2-bath units and one 1-bedroom/1.5-bath unit, featuring a roof deck with parking on-site. Land and utility availability have been verified. All necessary permits for construction, plumbing, and electricity are secured. Full environmental report available. Detailed geotechnical investigation report on hand. RM-6 zoning has been verified and permitted. The property is ideally located with proximity to Lake Michigan, offering the natural beauty and recreational opportunities of the lake just a short distance away. The area is home to several parks and beaches including the famous Lane Beach and Loyola Beach, providing vast outdoor spaces for residents and visitors to relax and enjoy. Public transportation is easily accessible, with CTA buses and the Red Line providing convenient commuting options. Shopping and dining are abundant, with an array of boutique stores, cafes and renowned restaurants, located along North Broadway Avenue. Cultural attractions such as the Lincoln Park Zoo, the Peggy Notebaert Nature Museum, and the Chicago History Museum in Lincoln Park are 10 minutes way bar car, offering enriching experiences. The land is also close to top-rated schools and Loyola University, making it an ideal location for families and professionals alike.

Walk Score®
Very Walkable (82)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-05-214-003-0000
Land Assessment
$74,735 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$74,735 (2024)
  • Listing ID: 36977300

  • Date on Market: 7/29/2025

  • Last Updated:

  • Address: 6027 N Kenmore Ave, Chicago, IL 60660

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