Land

1801 W Grace Street, Chicago

1801 W Grace St, Chicago, IL, 60613, US

Executive Summarydownload
1801 W Grace Street, Chicago_Property for Sale

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Asset description

1801 West Grace St. is a 27,716 square foot development parcel in Chicago's North Center neighborhood. The property is located between the Chicago and Northwestern Railroad Company and Northwestern Elevated Railroad Company lines between N. Lincoln and N. Ravenswood Avenue.


The property underwent a Type I zoning amendment to a B2-5 designation. The amended zoning allows for the development of a 62-unit residential building with 54 parking stalls. This planned project will deliver a max buildable area of 84,094 square feet with a maximum building height of 69'0".

Attributes

Land area Net
0.64 acres (27,717 sf)

Investment highlights

  • North Center neighborhood is one of Chicago's hidden gems, the site boasts a walk score of 95, with easy access to the area's local restaurants, eclectic bars and entertainment options
  • Location offers exceptional access to public transportation
  • Zoning allows for the development of a 62-unit residential building
  • Chicago has been experiencing unprecedented population growth as corporate migration from the suburbs into the city continues

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Last updated
Nov 30, 2022