Share This Listing

Message

960 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Investment Highlights

  • Prime East Pilsen Location
  • Surrounded By High-end Homes & Condos
  • Across From Mural Park, Steps to El Paseo Garden & Dvorak Park
  • Easy Access to I-90/94 & I-55
  • Potential To Acquire City-Owned Vacated Alley | 16' x 108'
  • Short Walk to Retail & Public Transportation

Executive Summary

Rare opportunity to acquire a vacant land site in one of Chicago’s most rapidly transforming residential corridors. Currently zoned M1-2, the property is uniquely positioned within a predominantly RT-4 neighborhood experiencing significant new construction activity, including luxury single-family homes exceeding $1 million and high-quality condominium developments commanding $500,000+ sales prices.
The site offers substantial upside through rezoning potential, with ownership open to supporting a zoning change to align with surrounding residential use. This creates a compelling opportunity for developers to capitalize on strong market demand and maximize density in a proven, high-absorption location.
Additionally, the property benefits from its adjacency to a long-vacated city alley, presenting the potential to acquire additional land from the City of Chicago. This assemblage could expand the total site to approximately 50’ x 108’, allowing for enhanced design flexibility and increased development scale.

Attachments

Sales Offering

Property Facts

Price $409,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.08 AC
Zoning M1-2

1 Lot Available

Lot

Price $409,000
Price Per AC $4,851,835.16
Lot Size 0.08 AC

Vacant land site in prime East Pilsen location. Ideal for multi-family development.

Description

The property is ideally situated in Chicago’s rapidly evolving Near South Side, offering exceptional accessibility and strong neighborhood fundamentals that continue to attract both end-users and developers. The site provides convenient access to major transportation arteries, including I-90/94 (Dan Ryan Expressway) and I-55 (Stevenson Expressway), allowing for seamless connectivity to Downtown Chicago, the West Loop, and the broader Chicagoland area. Public transportation is a key driver in the area, with the nearby CTA Orange Line providing direct service to the Loop and Midway Airport, making the location highly attractive for commuters and future residents alike. The surrounding neighborhood is supported by a strong mix of retail and lifestyle amenities, with nearby commercial corridors offering grocery, dining, and daily conveniences. Residents also benefit from access to green space and recreation, including Dvorak Park and other nearby parks, enhancing livability and supporting continued residential demand.

Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
70/100
  • Listing ID: 40406322

  • Date on Market: 5/5/2026

  • Last Updated:

  • Address: 929 W Cullerton St, Chicago, IL 60608

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}