2427 W 21st Pl - 2421-2427 W 21 St Place 15,000 Sq ft land 0.69 Acres of Industrial Land Offered at $1,628,781 CAD in Chicago, IL 60608

THE OPPORTUNITY
Rare opportunity to acquire a contiguous 15,000 SF footprint at the intersection of the Pilsen and Little Village communities. This 3-parcel package represents the final residential pocket on an established industrial block, offering a turnkey solution for a business needing immediate expansion space.
Total Land Area: ±15,000 Sq. Ft. (Contiguous)
Asset Mix: (1) 2-Flat, (1) Single-Family Home, (1) Vacant Lot
PINs: 16-24-428-006, 16-24-428-007, 16-24-428-025
ZONING & DEVELOPMENT POTENTIAL
Zoning Class: M2-3 (Light Industry District)
FAR (Floor Area Ratio): 3.0
Build-out Capacity: Up to 45,000 SF of total building density.
Permitted Uses: Warehousing, distribution, light manufacturing, and contractor yards. The M2 designation allows for moderate-impact work-related activities to occur outside enclosed buildings.
LOGISTICAL HUB
Strategically located for "last-mile" operations, this site offers immediate, heavy-truck-route access to:
I-55 (Stevenson Expressway)
I-90/94 (Dan Ryan Expressway)
Location: Minutes from the Illinois Medical District and the Loop.
THE RESIDENTIAL UTILITY (Rehab & Income Play)
While the land is zoned Industrial, the existing structures offer immediate "Legal Non-Conforming" residential utility.
Existing Units: (1) 4-Flat (Occupied) + (1) Single-Family Home (Vacant Rehab).
Status: Legal Non-Conforming Use. These structures may be maintained, repaired, and fully renovated within their existing footprints.
Expansion Potential: A buyer may seek an Administrative Adjustment or Zoning Variance to expand the residential footprint or density, leveraging the massive 15,000 SF land assembly.
Holding Income: Existing 4-flat provides immediate cash flow to offset carrying costs while permits are secured for the vacant SFH rehab or future site development.
PUBLIC REMARKS
This strategic package represents the final residential footprint on an established industrial block. Ideally suited for owner-users requiring fleet parking, equipment storage, or a new industrial flex-space build-out. Properties are being sold exclusively as a single package assembly. Immediate holding income from existing residential units during development planning.