Land For Sale

2434 - 2440 West Bryn Mawr Avenue Chicago, IL 60659

2434 - 2440 West Bryn Mawr Avenue, Chicago, IL, 60659
2434 - 2440 West Bryn Mawr Avenue, Chicago, IL, 60659 2434 - 2440 West Bryn Mawr Avenue, Chicago, IL, 60659 2434 - 2440 West Bryn Mawr Avenue, Chicago, IL, 60659 2434 - 2440 West Bryn Mawr Avenue, Chicago, IL, 60659 2434 - 2440 West Bryn Mawr Avenue, Chicago, IL, 60659 2434 - 2440 West Bryn Mawr Avenue, Chicago, IL, 60659 2434 - 2440 West Bryn Mawr Avenue, Chicago, IL, 60659 2434 - 2440 West Bryn Mawr Avenue, Chicago, IL, 60659
FOR SALE
Property Type:
Multifamily Land
Amount:
Please Call Broker for Price

Last Verified:
Jan 13, 2025

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Description

2434-2440 W Bryn Mawr, Chicago, Illinois. is situated in Chicago’s West Ridge neighborhood, and comprises a single corner parcel with a total land area of 10,257 square feet. Previously a surface parking lot for a nearby church, the site boasts 82 feet of frontage along Bryn Mawr Avenue and 125 feet along Artesian Avenue. It is located near Rosehill Cemetery in a mixed-use area that includes single-family homes, multi-unit investment properties, and larger rental buildings, with the Lincoln Avenue retail corridor to the west and south.

The property benefits from proximity to CTA bus lines along Lincoln and Western Avenues, providing excellent public transportation access. Additionally, Western and Lincoln Avenues serve as major automobile transit routes.

The property is located in Chicago’s 40th Ward and is zoned B1-2. Alderman Andre Vasquez, known for advocating density and affordable housing, represents this ward. Any rezoning efforts to increase density will likely require community engagement and adherence to the City’s Affordable Requirements Ordinance (ARO). Initial indications suggest the Alderman may support higher density at this location

Alternative as-of-right uses include medical facilities, daycare centers, and not-for-profit organizations such as community homes and domestic violence shelters. A potential development could include a 10-unit rental or condominium building with required ground-floor retail, though residential live/work spaces might be considered as an alternative if community consensus is achieved.

The subject property is located at the northwest corner of Bryn Mawr and Artesian in Chicago's West Ridge neighborhood.

Lot Size: 0.24 acres


Documents

2434-40 W Bryn Mawr Sale OM

Map of 2434 - 2440 West Bryn Mawr Avenue, Chicago, IL, 60659

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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