1347 West Taylor Street

Chicago IL 60607

Land

Last sold for $362,000

Benyamin Lalez, last sold this property on 01 July 2025 after 125 days on market.

Overview

Prime B3-2 zoned lot in Little Italy measuring 24.25' x 102.90' (approx. 2,641 sq. ft.) offers incredible development potential for a mixed-use or residential project. B3-2 zoning allows for ground-floor commercial with residential above or a multi-unit residential building, with a 2.2 FAR permitting up to 5,810 sq. ft. of buildable space and a maximum height of 50 feet (typically 3-4 stories). The lot supports up to two residential units by right plus commercial on the ground, with potential for zoning relief or variances. Located in a thriving area near UIC, Rush Medical District, and public transit, this is a great opportunity for investors or developers looking to capitalize on a high-demand neighborhood. Buyer to verify all zoning and development possibilities. Listing photos are conceptual and meant to illustrate potential development possibilities. Buyers are advised to conduct their own market and zoning research.

Features

Land

Estimated Value

Based on this property and similar land plots sold in Chicago over the last 12 months, the estimated median property value of 1347 West Taylor Street is $23.5k.

Median value

$23.5k

Estimated value range

$250 - $1.7m

Median days on market

Estimated value trend

-6%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1347 West Taylor Street

2025

Sold

$362,000

01 Jul 2025 by Benyamin Lalez, of Compass

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.