2823 W Monroe Street, Chicago, IL 60612

Property Description

Permit-ready 8-unit development site about 1 mile west of the United Center. Three contiguous RT-4 parcels totaling 6,981 SF (approx. 56.25 x 124.1) with a complete architect's permit set for a 4-story building of eight 3-bed/2-bath units of approx. 1,374 SF each. By-right design: two ground-floor Type A units allow 8 units with no zoning change. Type III-A, non-sprinklered construction to keep costs down. Four parking pad spaces off the alley. Transit-served, about 0.4 mi to the California Green/Pink Line. Building permit application filed Sept 2026. Nearby: the $7B 1901 Project now under construction around the United Center, new 8-flats permitted on Madison, and steady new 3-flat construction. Skip 12+ months of design and permitting. Offering memorandum, plat of survey and plans excerpt attached. All three parcels sold together.

Listing Status:

Active

Data Last Updated:

October 10, 2026 at 12:19PM

Listing Office:

Devise Property Group LLC : 312-519-9065

Listing Agent:

Damon Dance : 312-519-9065

MLS ID:

12771915

Exterior

• Parking: Parking spaces: 0

Location

• Road/Access: AsphaltCity StreetAlley Access
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 16131090150000
• Current Use: Multi-Family

Utilities

• Utilities: Electricity NearbyNatural Gas NearbyWater Nearby
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple