Premium Bucktown Redevelopment Site: 1.12-Acre Parcel in Chicago Offered at $6,950,000 | Strategic Development Opportunity on W Webster Ave

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

• Scale & Flexibility: 48,879 SF of land, ideally positioned for mid-rise density and high-value residential or mixed-use programming.

• 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.

• 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:

• Net Rentable Yield: Maximizing design efficiency and unit density.

• Amenity Integration: Incorporating modern features—such as fitness centers, rooftop terraces, and specialized storage—that drive rapid lease-up velocity.

• 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.