Chicago High Density Redevelopment Opportunity
2,700 SF Building | B1-2 (Neighborhood Shopping District) Zoning
Marketing description
For registration requirements and regulations, please review here or contact Bianca Diorio | 954-302-3810 | [email protected].
Chicago High Density Redevelopment Opportunity at 2257 W Foster Ave, Chicago, IL 60625 offers a rare chance to acquire a hard-corner redevelopment site in one of Chicago’s most densely populated and high-demand neighborhoods. Positioned at the intersection of W Foster Ave and N Oakley Ave, this ±2,700 SF existing building sits on a ±0.07-acre parcel with flexible B1-2 Neighborhood Shopping District zoning, allowing for a variety of retail, office, and residential uses. This is an exceptional opportunity for investors and developers to build vertically and unlock added value through a mixed-use or multifamily project above the existing structure. The site benefits from strong visibility along W Foster Ave, which sees approximately 15,100 vehicles per day, and is surrounded by established residential density, national retailers, schools, and neighborhood amenities. With more than 1,001,301 residents and 447,786 households within a 5-mile radius, plus an estimated median household income of $149,227, the location offers compelling long-term demand fundamentals. Whether repositioned, redeveloped, or reimagined, this urban infill corner presents outstanding potential in the heart of Chicago!
- Non-Contingent
- Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
2257-2259 W Foster Ave, Chicago, IL 60625
Investment highlights
- Hard corner redevelopment opportunity
- Ability to Build Vertically
- Rare opportunity to add additional stories and maximize density by building above the existing structure, creating significant value through multifamily development.
- High Density Redevelopment Opportunity
- Located in a dense, high-demand Chicago neighborhood with over 1M residents within a 5-mile radius.
- Flexible B1-2 Zoning
- Neighborhood Shopping District zoning allows for a wide range of uses, including retail, office, and residential units above.
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