3300 W Pierce Ave
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3300 W Pierce Ave
20,400 SF Specialty Building Offered at $995,000 in Chicago, IL 60651
Investment Highlights
- RS-3 Zoned Redevelopment Opportunity in Neighborhood With Strong Rental DemandRS-3 Zoned Redevelopment Opportunity in Neighborhood With Strong Rental Demand
- One Block From Humboldt Park, Steps to Several Bus Lines, and 2 Miles to the Metra NCS & MD-N Lines
Executive Summary
3300 W. Pierce Ave. is a prime redevelopment opportunity in the heart of Chicago's Humboldt Park neighborhood. The Property consists of a three-story church and a four-story school, totaling 20,400 SF. It is situated on a 5,953 SF lot, zoned RS-3. This site presents an excellent opportunity for multi-family redevelopment, with conceptual plans and existing architectural drawings available.
The Property is two blocks from the popular Humboldt Park, steps from multiple bus lines, and two miles from the Metra NCS and MD-N lines, providing easy access to greenspace and transportation. Additionally, it is just six miles from downtown Chicago, offering convenient access to the city.
Humboldt Park offers strong demand for quality rental housing, evidenced by 60.3% of its housing units being renter-occupied. The area is experiencing a demographic shift, with rising educational attainment and a significant increase in median household income from $37,959 to $51,105 over the past decade. This shift towards a more affluent and educated population makes Humboldt Park an increasingly attractive area for development.
The seller is open to exploring joint venture opportunities. Additional details are available upon request.
The Property is two blocks from the popular Humboldt Park, steps from multiple bus lines, and two miles from the Metra NCS and MD-N lines, providing easy access to greenspace and transportation. Additionally, it is just six miles from downtown Chicago, offering convenient access to the city.
Humboldt Park offers strong demand for quality rental housing, evidenced by 60.3% of its housing units being renter-occupied. The area is experiencing a demographic shift, with rising educational attainment and a significant increase in median household income from $37,959 to $51,105 over the past decade. This shift towards a more affluent and educated population makes Humboldt Park an increasingly attractive area for development.
The seller is open to exploring joint venture opportunities. Additional details are available upon request.
Property Facts
| Price | $995,000 | Lot Size | 0.14 AC |
| Price Per SF | $49 | Building Size | 20,400 SF |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Specialty | Year Built | 1899 |
| Property Subtype | Religious Facility | Parcel Number | 16-02-202-031-0000 |
| Building Class | B |
| Price | $995,000 |
| Price Per SF | $49 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 20,400 SF |
| No. Stories | 4 |
| Year Built | 1899 |
| Parcel Number | 16-02-202-031-0000 |
Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (82)
zoning
| Zoning Code | RS-3 (Residential Single-Unit District) |
| RS-3 (Residential Single-Unit District) |
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Rick Ofman -
Doug Imber -
Kate Varde -
Essex Realty Group
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3300 W Pierce Ave
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