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2823 W Monroe St

Chicago IL 60612

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Currently for sale - view listing

Overview

Permit-ready 8-unit development site about 1 mile west of the United Center. Three contiguous RT-4 parcels totaling 6,981 SF (approx. 56.25 x 124.1) with a complete architect's permit set for a 4-story building of eight 3-bed/2-bath units of approx. 1,374 SF each. By-right design: two ground-floor Type A units allow 8 units with no zoning change. Type III-A, non-sprinklered construction to keep costs down. Four parking pad spaces off the alley. Transit-served, about 0.4 mi to the California Green/Pink Line. Building permit application filed Sept 2026. Nearby: the $7B 1901 Project now under construction around the United Center, new 8-flats permitted on Madison, and steady new 3-flat construction. Skip 12+ months of design and permitting. Offering memorandum, plat of survey and plans excerpt attached. All three parcels sold together.

Features

Land

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Local market activity for land plots in Chicago

In the last 12 months, 47 land plots similar to 2823 W Monroe St, have been sold.

This represents a 46% decrease in land plots sales when compared to the previous 12 months.

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