1520-1540 W Jarvis Ave - Freestanding FOR SALE


Chicago, IL 60626- Rogers Park
$3,200,000 USD
312-339-2220
1520-1540 W Jarvis Ave, Chicago, IL for Sale
$3,200,000 USD
Freestanding - FOR SALE
1/3
null | Request Cap Rate

1520-1540 W Jarvis Ave
Chicago, IL 60626
Rogers Park


HIGHLIGHTS

  • Zoned C2-3 with 3.0 FAR, supporting up to 63 dwelling units by right.
  • Located steps from the CTA Jarvis Red Line Station for maximum transit access.
  • Current improvements include an auto body shop, two active retail storefronts, and three residential units.
  • Positioned just three blocks from Lake Michigan and public beach access.
  • East Rogers Park location surrounded by residential density and thriving retail corridors.
  • Asking price of $2,300,000 for an outstanding redevelopment or adaptive reuse opportunity.

OVERVIEW

This rare East Rogers Park asset offers an ideal opportunity for investors or developers seeking a versatile property in a highly transit-oriented location. Situated three blocks from Lake Michigan and adjacent to the CTA Jarvis Red Line Station, the site spans 24,302 SF with a 15,000 SF existing building footprint. Zoned C2-3 with generous 3.0 FAR, the property allows for significant redevelopment—potentially up to 63 dwelling units by right on upper floors complemented by quality ground-floor commercial spaces. Currently configured as an auto body shop with two retail storefronts and three residential units, this address combines existing cash flow with long-term development upside. Its proximity to beaches, dense urban housing, and strong retail corridors enhances its appeal for multifamily, retail, or mixed-use concepts. The property’s walkable neighborhood and immediate access to public transit underscore its viability for a transit-oriented development (TOD) strategy in one of Chicago’s most vibrant communities.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$213 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,501 SF

ZONING

C2-3

APN/PARCEL ID

11-29-310-011-0000

ASK ABOUT THIS PROPERTY

Steve AaronsonCushman & WakefieldMore Info
312-339-2220

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Steve AaronsonCushman & WakefieldMore Info
312-339-2220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.