Pleased to present a development opportunity in the Montclare neighborhood of Chicago. The property, situated on a 14,810 SF (0.34 acre) lot, offers significant potential for developers. Located on a busy corner with substantial foot and vehicle traffic, the property provides substantial exposure for new development. The lot spans 14,810 SF (0.34 acres), offering space for various development possibilities and is zoned C2-2, accommodating a range of commercial and residential uses. The existing 12,200 SF building is currently used as retail and office space, providing interim rental income or redevelopment options. With 128 feet of frontage on Irving Park Rd, the property ensures visibility and accessibility, making it suitable for projects such as condos, mixed-use developments, or other commercial ventures. There is an 18,000 VPD (Vehicle Per Day) count on Grand Ave. and Harlem Ave., enhancing traffic exposure. The property is located near newer developments, a wide range of stores, and amenities including public transportation for both the CTA and Metra; two blocks from Metra Mont Clare station. Situated in the Montclare neighborhood, known for its community-oriented atmosphere and market demand, this property offers an opportunity for developers to create a significant project. For further details please contact the listing broker.
The median home value in Elmwood Park, IL is $293,300. This is higher than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Elmwood Park, IL is $293,300. Approximately 57.85% of Elmwood Park homes are owned, compared to 34.98% rented, while 7.17% are vacant. Elmwood Park real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Elmwood Park real estate agent to arrange a tour today!
Elmwood Park, Illinois 60707 has a population of 24,517. Elmwood Park 60707 is less family-centric than the surrounding county with 29.41% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Elmwood Park, Illinois 60707 is $68,833. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Elmwood Park 60707 is 39.9 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 38.2 inches per year, with 37.2 inches of snow per year.