MULTIPLE OFFERS RECEIVED - Requesting all interested parties to submit their highest and best offers by 2:00 PM on Saturday, May 24, 2025. Please include proof of funds or pre-approval with your offer. No escalation clauses will be considered. Reserving the right to accept an offer prior to the deadline. Exceptional Investment or Development Opportunity in Prime Lincoln Park! Situated on a premium block in the heart of Lincoln Park, this rare offering presents endless potential for investors or buyers eager to build their dream home. The property currently features two frame structures: a front building with two tenant-occupied units (vacant by 7/31/2025, with notices served) and a vacant rear building with two additional units. Please Note: The property is being sold AS IS for land value. Existing structures are suitable for teardown or full gut renovation. All contents of both buildings will convey, except for items belonging to current front-building tenants. Currently zoned RS-3, the property abuts RT-4 zoning, offering a potential opportunity for upzoning. Buyers are encouraged to conduct their own due diligence regarding zoning and development possibilities. Drive-by viewings only - no interior access will be granted prior to an accepted offer and buyer qualification. Absolutely no exceptions. Please do not disturb tenants. Don't miss this incredible opportunity to create something extraordinary in one of Chicago's most sought-after neighborhoods.
Pending
$800,000
2714 N Magnolia Ave, Chicago, IL 60614
--beds
--baths
3,100Square Feet
Est.:
Unimproved Land
Built in ----
3,100 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 24 days
- on Zillow |
- 242 |
- 5 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: June 03, 2025 at 03:23pm
Listing courtesy of:
Eric Bjorkman 773-528-9500,
Windy City Realty Corp.
Source: MRED as distributed by MLS GRID,MLS#: 12373325

Travel times
Facts & features
Property
Features
- Frontage length: 25
Lot
- Size: 3,100 Square Feet
- Dimensions: 25X124
Details
- Parcel number: 14293050280000
- Special conditions: None
Utilities & green energy
- Water: Municipal Water
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $842,280
- Annual tax amount: $16,512
- Date on market: 5/23/2025
- Ownership: Fee Simple
- Road surface type: Asphalt
- Loading