941 N Racine Avenue, Chicago, IL 60642 | MLS #12584624 | Berkshire Hathaway HomeServices Chicago

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Listing provided courtesy of Joseph Realty LTDMREDas Distributed by MLSGrid- MLS# 12584624MLS Provider

941 N Racine AvenueChicago, IL 60642

Vacant Land
$485,000 Active

941 N Racine Avenue Overview

Time on Site:
89 days
Visits:
0

Developers and Builders - don't miss this exceptional opportunity in the heart of River West! This vacant land parcel zoned RT-4 offers incredible potential for a new residential development in one of Chicago's most sought-after and rapidly appreciating urban neighborhoods. River West continues to attract strong buyer demand thanks to its proximity to downtown, vibrant dining and nightlife, and convenient access to transportation. RT-4 zoning allows for a variety of residential possibilities, making this an ideal site for a thoughtfully designed development that can capture top-of-the-market pricing in a location where new construction consistently commands premium values. Surrounded by modern developments and ongoing revitalization, this parcel sits in a corridor where investment momentum continues to grow. Buyers are encouraged to consult with an architect and/or zoning professional to verify development potential, density allowances, and the intended end use.

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941 N Racine Avenue Facts & Features

  • Type Vacant Land

Details

General

School Information

  • School District: 299
  • Elementary School: Ogden Elementary
  • High School: Wells Community Academy Senior H

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - West Town
  • Township: West Chicago

Tax Information

  • Tax Annual Amount: $3,753.00
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 17054120120000
  • Property Type: Land
  • Special Listing Conditions: None
  • Zoning: OTHER

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Basement: None
  • Laundry Features: None

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Frontage Length: 25
  • Frontage Type: City Street
  • Lot Size Dimensions: 25 X 100
  • Road Surface Type: Asphalt

Waterfront/View

  • Waterfront: No

General Information

  • Utilities: None

941 N Racine Avenue Neighborhood

Community

60642 (Chicago) Demographics

32
Median Age
11,650
Population Density (per sq. mile)
78%
College Educated
$120,442
Estimated Median Income
3,519
Estimated Total Home Owners
6,220
Estimated Total Renters
36% / 64%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

941 N Racine Avenue Monthly Cost

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Mike Mabry
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

941 N Racine Avenue Market Data

Based on the last 30 days in this zip code

$703,783
Average List Price
$567
Average Price per Square Foot
38
Properties Sold
30
Average Days on Market
68
Properties for Sale
Calculations provided by Reliance Network

941 N Racine Avenue History

Date Event Value Agent
4/6/2026Source: MRED Status Change
Active
4/1/2026Source: MRED Added to Database
April 01, 2026