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6027 N Kenmore Ave
Chicago, IL 60660 Edgewater

$1,599,000 USD

Land For Sale  •  0.17 AC

Property Details

  • Property Type Land
  • Lot Size 0.17 AC
  • Zoning RM-6
73 Transit Score
82 Walk Score

Description

Buyer can start the project immediately with no money down. Seller may consider contributing the land as equity in Joint Venture. Thereby JV partner is holding off purchase expenses until completion. Open Seller. Contact for more information. 6027 N Kenmore is Shovel Ready Site, Permitted for Immediate Development. This exceptional 7,500 SqFt lot comes with all the necessary permits and documentation in place. The asking price is $1.8 million, and the zoning is RM-6 (300 sq ft per dwelling unit, 135 sq ft per efficiency unit, 135 sq ft per SRO unit). Development Plans include two types: Option 1: 7-story building with 15 units and 15 parking spaces, featuring a roof deck, spacious 2-bedroom/2-bath and 3-bedroom/3.5-bath units; Option 2: 5-story building with 17 units, including primary 2-bedroom/2-bath units and one 1-bedroom/1.5-bath unit, featuring a roof deck with parking on-site. Land and utility availability have been verified. All necessary permits for construction, plumbing, and electricity are secured. Full environmental report available. Detailed geotechnical investigation report on hand. RM-6 zoning has been verified and permitted. The property is ideally located with proximity to Lake Michigan, offering the natural beauty and recreational opportunities of the lake just a short distance away. The area is home to several parks and beaches including the famous Lane Beach and Loyola Beach, providing vast outdoor spaces for residents and visitors to relax and enjoy. Public transportation is easily accessible, with CTA buses and the Red Line providing convenient commuting options. Shopping and dining are abundant, with an array of boutique stores, cafes and renowned restaurants, located along North Broadway Avenue. Cultural attractions such as the Lincoln Park Zoo, the Peggy Notebaert Nature Museum, and the Chicago History Museum in Lincoln Park are 10 minutes way bar car, offering enriching experiences. The land is also close to top-rated schools and Loyola University, making it an ideal location for families and professionals alike.

Highlights

Shovel Ready Site, Permitted for Immediate Development
Buyer can start the project immediately with no money down. Seller may consider contributing the land as equity in Joint Venture
Development Options: Option 1: 7-story building with 15 units and parking on-site; Option 2: 5-story building with 17 units and parking on-site
All necessary permits for construction, plumbing, and electricity are secured. Full environmental report and soil investigation available
Easy access to public transportation with CTA buses and Red Line
Parks and beaches including Lane Beach and Loyola Beach. Close to top-rated schools and Loyola University

Financial Summary (Proforma)

Net Operating Income: $414,608 USD (2025)
Total Expenses: $212,032 USD

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.4 mi
Rogers Park Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 5 min - 2.2 mi
Transit/SubwayDriveWalkDistance
Thorndale Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 4 min 0.2 mi
Granville Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 5 min 0.3 mi
Bryn Mawr Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 13 min 0.7 mi
Loyola Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 4 min 16 min 0.8 mi
AirportDriveWalkDistance
Chicago O'Hare International 50 min - 18.4 mi
Chicago Midway International 38 min - 18.7 mi
Anastasiia Lytvyn 312-423-7934 Uniconte LLC
Anastasiia Lytvyn 312-423-7934 Uniconte LLC