1000 W Thorndale Ave, Chicago, IL 60660

Premier transit-oriented development opportunity in Chicago’s highly desirable Edgewater neighborhood. This ±15,290 SF site is directly adjacent to the CTA Red Line Thorndale Station, qualifying as a Transit-Served Location and allowing for maximum density with no parking requirement.

Zoned B3-5, the property supports a 5.0 FAR and up to approximately 76,450 buildable square feet. Under a standard mid-rise configuration, developers can achieve an estimated 68–72 residential units by right, with potential upside to 70–76 units depending on final design and city approvals.

The site currently includes a fully leased retail strip center, providing in-place income to offset holding costs during planning and development. Positioned in the strong Edgewater/Loyola corridor, the location benefits from high renter demand, dense population, proximity to Lake Michigan, Whole Foods, and Loyola University.

Key Highlights:

Transit-Oriented Development (TOD) – adjacent to CTA Red Line

No parking requirement

B3-5 zoning (5.0 FAR)

±76,450 GSF buildable

Estimated 68–72 units by right

Income-producing retail in place

Strong multifamily rental market ($2.75–$3.40/SF comps)

Walking distance to lakefront and major amenities

This is a rare opportunity to acquire a fully executable, by-right development site in one of Chicago’s most supply-constrained and transit-driven submarkets.