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$1,000,000
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Property Description
**RARE FULL-BLOCK DEVELOPMENT & INVESTMENT OPPORTUNITY - 700-720 S. KEDZIE AVE.** Exceptional opportunity for a developer, investor, nonprofit, institutional user or community-focused development team to control approximately **33,000 SF (.75+ acre) across SIX CONTIGUOUS PARCELS under one ownership**, providing approximately **264 feet of Kedzie Avenue frontage** and the scale, visibility and flexibility increasingly difficult to assemble in Chicago. Zoned **PD 999 (Planned Development)**, this site presents compelling long-term upside for a qualified buyer capable of pairing a strong development concept with City, political and community support. Potential concepts worth investigating include **multifamily or affordable/workforce housing, mixed-income development, senior housing, institutional/educational uses, healthcare, community-serving development or other thoughtfully conceived projects**, subject to zoning and governmental approvals and any required amendment to the existing Planned Development. **THE FINANCIAL OPPORTUNITY IS IN THE SCALE:** nearly 33,000 contiguous SF creates multiple potential paths to value creation through redevelopment, income-producing residential development, institutional use, land banking and potential public/private development partnerships. Qualified purchasers should independently investigate available **TIF, affordable-housing, tax-credit, grant and other City/State economic-development programs** that may potentially improve project feasibility; no incentive or funding is represented or guaranteed by Seller. Importantly, prospective purchasers are encouraged to engage early with **28th Ward Alderman Jason C. Ervin, the City of Chicago and community stakeholders** regarding any proposed redevelopment. Based upon feedback received during prior marketing, **a gas-station concept was not favored**, creating an opportunity for a capable development team to bring forward a stronger neighborhood-serving vision. Strategically positioned just south of Harrison Street, **minutes from I-290/Eisenhower Expressway and Downtown Chicago**, with public-transit connectivity, major Kedzie frontage and the **Chicago Police Department's 11th District station nearby**, the property offers exceptional regional accessibility. Seller understands that maximizing this site's potential requires the **right buyer, capitalization, development plan and community/political relationships** and is prepared to negotiate a fair transaction with a financially capable purchaser positioned to execute. **BRING YOUR ARCHITECT, CAPITAL PARTNERS AND VISION-SELLER IS READY TO REVIEW SERIOUS OFFERS.** Buyer to independently verify zoning, PD requirements, allowable uses, density, utilities, environmental conditions, taxes, incentives and all governmental/community approvals.
Full Property Details
Full Property Details for 700 S Kedzie Ave
General
- Price: $1,000,000
- Taxes: $9,591 (2024)
- Status: Active
- Type: Lots/Land
- Source: MRED
- MLS ID: 12734518
- Updated: 8/22/2026
- Added to Site: 10 day(s) ago
Location
- Area: CHI - East Garfield Park
- County: Cook
- Township: West Chicago
- Driving Directions: I-290 to Kedzie Ave, north on Kedzie to property at 700-720 S Kedzie Ave, just south of Harrison St.
- Location Details: Corner
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Utilities
- Sewer: Storm Sewer
- Water: Municipal Water
- Onsite: Electricity Nearby, Natural Gas Nearby, Sewer Nearby
Structural Information
- Square Feet: 0.75
- Current Bldg. Use: Development
Lot Features
- Lot Size (Acres): 0.75
- Lot Size (Sq. Ft.): 33,000
- Lot Size Range: .50 to .99 Acre
- Lot Dimensions: 264 x 125
- Frontage: City Street
- Frontage Feet: 264
- Street/Road Desc.: Asphalt
- Zoning: PUD
Financial Considerations
- Tax Amount: $9,591.14
- Tax Year: 2024
- Pays Sewer: Storm Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16144070420000
Listed by Straight-A Realty, LLC
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Schools
Schools serving 700 S Kedzie Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Gregory Math & Sci Elementary Academy 3715 West Polk Street, Chicago, IL 60624 | PK-8 | 0.7 mi |
Manley Career Academy High School 2935 West Polk Street, Chicago, IL 60612 | 12-11 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 700 S Kedzie Ave
Date
Details
Price
Change
Source
8/16/2026
Listed
$1,000,000
458.66%
MLS
5/04/2007
Sold
$179,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 700 S Kedzie Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$501
—
$2,923
23%
2023
$501
2%
$2,368
—
2022
$489
2%
$2,368
—
2021
$478
-10%
$2,368
—
2020
$529
11%
$2,368
—
2019
$477
2%
$2,368
—
2018
$469
3%
$2,368
12%
2017
$457
8%
$2,116
—
2016
$424
9%
$2,116
—
2015
$388
4%
$2,116
5%
2014
$374
2%
$2,016
—
2013
$367
1%
$2,016
—
2012
$362
—
$2,016
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 700 S Kedzie Ave
700 S Kedzie Avenue, Chicago, IL 60612 (MLS# 12734518) is a Lots/Land property with a lot size of 0.75 acres. 700 S Kedzie Avenue is currently listed for $1,000,000 and was received on August 16, 2026. Want to learn more about 700 S Kedzie Avenue? Do you have questions about finding other Lots/Land real estate for sale in East Garfield Park? You can browse all East Garfield Park real estate or contact a Coldwell Banker agent to request more information.

