1017 West 16th StreetChicago, IL 60608Price: $995,000

  • Price: $995,000
  • 61 Days on Market
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Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.18Acreage
  • 5,225Square Feet
  • 1917Year Built

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Current ownership had planned to submit for a zoning change to B2-3 with variations to build a 20-units in a 5 story building with parking for 16 cars. Conceptual plans are complete and alderman has shown support for more density in the area. Currently there is a 5,000 SF garage space with a side lot for additional parking, a rare find in East Pilsen. The property can also be utilized for logistics or warehouse with and features 2 drive in doors on 16th Street. Located in the heart of Chicago's Pilsen neighborhood just off the corner of 16th & Miller, the site features unobstructed views of Chicago's skyline. Pilsen is known for its vibrant murals, stunning turn-of-the-century architecture, art galleries, and its rich heritage. It's strategically located and is just blocks to I-90/94, I-55 & I-290. Tenants also have easy access to the Metra Station, CTA Pink Line and Orange Line. Illinois Medical District and UIC are both within walking distance making the site perfect for a redevelopment into apartments or condo's.

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Listed by Angelo Labriola of Sperry Van Ness

Based on information submitted to MRED  as of November 27, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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