Natalie Luchsinger
Description
PRIME BROADWAY DEVELOPMENT SITE IN EDGEWATER (B3-5 UP-ZONING) Outstanding opportunity for developers and investors to acquire a prime 6,750 SF development site (54' x 125') along the vibrant Broadway commercial corridor in Chicago's dynamic Edgewater neighborhood. KEY HIGHLIGHTS: Zoning & Density: Recently up-zoned to B3-5 as part of the city-led Broadway Corridor initiative, allowing a Floor Area Ratio (FAR) of 5.0 and an MLA per unit of 200-enabling development of up to 33 dwelling units with ground-floor commercial space or a boutique multi-family project. Prime Transit-Oriented Location (TOD): Situated just steps from the Thorndale CTA Red Line station, with immediate access to Lake Shore Drive and Lake Michigan. Strong Community Anchors: Bounded by high-foot-traffic retail, dining, and vibrant residential blocks, located in close proximity to Loyola University Chicago (17,000+ students and 1,600+ faculty). Property Parcel Details: PIN 14053150300000; 2025 Annual Real Estate Taxes: $13,324.37. Don't miss this chance to build in one of the North Side's most resilient and accessible lakefront transit corridors!
Property Highlights
Property Type: Land - Commercial
Total Acres: 0.15 Acres
Utilities: Unknown (verify)
General Information
County: Cook
Listed By:
Essex 312, LLC
773-305-4858
MRED MLS
MLS ID: 12777538
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5828 N Broadway Street , Chicago, IL 60660.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $975,000 | $975,000 | $975,000 |
| Down Payment | $195,000 | $34,125 | $243,750 |
| Monthly Mortgage Amount | $5,387 | $6,450 | $6,420 |
| Taxes | $1357 | $1357 | $1357 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $585 | $0 |
| Monthly Estimated Total | $7,028 | $8,676 | $8,061 |
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