Listing Summary
Prime Bucktown Redevelopment Site: 1.12-Acre Parcel at 1716 W Webster Ave
Rare 48,879 SF Development Opportunity in Chicago – Offered at $6,950,000
Full Description
Unlock the potential of this premier 1.12-acre infill development site located in the heart of Chicago’s sought-after Bucktown neighborhood. Represented by KW Commercial and Keller Williams ONEChicago, this parcel is priced at $142.19 per land SF, reflecting its significant scale and flexibility.
Investment Highlights
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Scale & Flexibility: 48,879 SF of land, ideally positioned for mid-rise density and high-value residential or mixed-use programming.
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Proven Corridor Success: The immediate success of the neighboring Triangle Square Apartments (1701 W Webster Ave) serves as a benchmark for the area’s strong demand for Class A luxury residential products.
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Market-Driven Demand: Demonstrated appetite for high-end units, including premium layouts beyond entry-level configurations, supported by modern tenant-focused amenities.
Strategic Development Potential
The site represents a high-potential "highest-and-best-use" opportunity for residential redevelopment. The corridor is well-established for contemporary mid-rise construction, attracting strong interest from developers focused on:
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Net Rentable Yield: Maximizing design efficiency and unit density.
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Amenity Integration: Incorporating modern features—such as fitness centers, rooftop terraces, and specialized storage—that drive rapid lease-up velocity.
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Robust Stability: Positioning assets to capture the durable, premium rents currently realized in this high-growth submarket.
Zoning & Entitlement Overview
The site is currently zoned C3-3. Prospective developers should note that residential or mixed-use conversion will require a zoning map amendment or a Planned Development (PD) process. This property is an excellent candidate for a comprehensive feasibility study, massing analysis, and engagement with zoning counsel to maximize the site’s substantial density potential.
Position your next high-impact project in a premier Chicago location with the infrastructure and market momentum to support significant scale.
Quick Glance
- Listing ID:
CL-Illinois-27991
- Status:
Active
- Year Build:
N/A
- Building Size:
N/A
- Lot Size:
1 Acr