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EXECUTIVE SUMMARY
The property benefits from proximity to CTA bus lines along Lincoln and Western Avenues, providing excellent public transportation access. Additionally, Western and Lincoln Avenues serve as major automobile transit routes.
The property is located in Chicago’s 40th Ward and is zoned B1-2. Alderman Andre Vasquez, known for advocating density and affordable housing, represents this ward. Any rezoning efforts to increase density will likely require community engagement and adherence to the City’s Affordable Requirements Ordinance (ARO). Initial indications suggest the Alderman may support higher density at this location
Alternative as-of-right uses include medical facilities, daycare centers, and not-for-profit organizations such as community homes and domestic violence shelters. A potential development could include a 10-unit rental or condominium building with required ground-floor retail, though residential live/work spaces might be considered as an alternative if community consensus is achieved. Price is subject to offer.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $998,083 CAD | Lot Size | 0.24 AC |
| Price Per AC | $4,238,719.60 CAD |
| Price | $998,083 CAD |
| Price Per AC | $4,238,719.60 CAD |
| Lot Size | 0.24 AC |
Corner Land Parcel. Multifamily, Retail, Office uses, zoned B1-2.
DESCRIPTION
2434-2440 W Bryn Mawr, Chicago, Illinois. is situated in Chicago’s West Ridge neighborhood, and comprises a single corner parcel with a total land area of 10,257 square feet. Previously a surface parking lot for a nearby church, the site boasts 82 feet of frontage along Bryn Mawr Avenue and 125 feet along Artesian Avenue. It is located near Rosehill Cemetery in a mixed-use area that includes single-family homes, multi-unit investment properties, and larger rental buildings, with the Lincoln Avenue retail corridor to the west and south. The property benefits from proximity to CTA bus lines along Lincoln and Western Avenues, providing excellent public transportation access. Additionally, Western and Lincoln Avenues serve as major automobile transit routes. The property is located in Chicago’s 40th Ward and is zoned B1-2. Alderman Andre Vasquez, known for advocating density and affordable housing, represents this ward. Any rezoning efforts to increase density will likely require community engagement and adherence to the City’s Affordable Requirements Ordinance (ARO). Initial indications suggest the Alderman may support higher density at this location Alternative as-of-right uses include medical facilities, daycare centers, and not-for-profit organizations such as community homes and domestic violence shelters. A potential development could include a 10-unit rental or condominium building with required ground-floor retail, though residential live/work spaces might be considered as an alternative if community consensus is achieved.
Presented by
2434-2440 Bryn Mawr Ave
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