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0.96 Acres Lot
$ 3,250,000
Est. payment | /mo
0.96 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12730792
Annual Tax Amount $50,659
Tax Year 2025
Lot Size 0.960 Acres
Lot Dimensions 290 x 145
Property Sub-Type Land
Property Description
Shovel-ready mixed-use development opportunity in the heart of Edison Park, located approximately 1/2 block from the Edison Park Metra Station. The property offers immediate Metra access, strong Northwest Highway visibility, and convenient proximity to Park Ridge, Rosemont, O'Hare International Airport, Norwood Park, neighborhood restaurants, retail, and services. This is a rare opportunity to acquire a substantially de-risked development site in an established, high-demand Northwest Side neighborhood. The overall development site totals approximately 42,050 SF / 0.96 acre and is approved for two separate 41-unit mixed-use buildings with ground-floor commercial space and parking. This offering consists solely of the northern parcel at 6754-6764 N. Northwest Hwy, totaling approximately 21,025 SF / 0.48 acre. The parcel has B3-5 zoning with Type 1 approval for a four-story mixed-use building containing 41 residential units, approximately 39,460 rentable residential SF, approximately 3,920 SF of ground-floor commercial space, and 41 parking spaces consisting of 25 indoor and 16 outdoor spaces. The approved unit mix includes 16 one-bedroom units, 15 two-bedroom units, and 10 three-bedroom units, with an average residential unit size of approximately 962 rentable SF. The approved project also includes 8 affordable units. The affordable component may support eligibility for Cook County's Affordable Housing Special Assessment Program (AHSAP), subject to purchaser review, qualification, application, ongoing compliance, and confirmation with the applicable governmental agencies. Alternatively, the purchaser may elect the ARO in-lieu option instead of providing the affordable units, offering additional flexibility in structuring the project. Seller has completed the entitlements, architectural, civil, survey, environmental, geotechnical, and permitting work. Existing improvements have been removed, and the property is vacant land. Seller advises that the remaining permit-completion items are primarily related to GC and subcontractor information and intends to deliver the property shovel-ready by closing. Each prospective purchaser must independently verify all project information, perform its own due diligence, underwrite and prepare its own financial models. Detailed due-diligence materials, including project-specific entitlement, permit, architectural, civil, survey, environmental, geotechnical information, are available to qualified purchasers following execution of an NDA. Ownership is open to multiple transaction structures for the northern 41-unit phase, including a shovel-ready sale, joint venture, or sale of the completed and stabilized project. The adjacent southern development parcel will be retained by the seller for future development of the second 41-unit building.
Location
State IL
County Cook
Area Chi - Edison Park
Zoning MULTI
Rooms
Basement None
Interior
Fireplace N
Laundry None
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available, Cable Available
Building
Dwelling Type Land
Water Municipal Water
Schools
Elementary Schools Ebinger Elementary School
Middle Schools Ebinger Elementary School
High Schools Taft High School
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Valdir Barion of @properties Christie's International Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "