CRER Senior Director Nate Gautsche has completed the successful sale of an ~40,000 SF lot in Chicago’s Humboldt Park. Located on the corner of Kedzie Ave and Franklin Blvd, this site offered a rare opportunity for an investor to acquire nearly an acre of land in one of Chicago’s rapidly appreciating markets. This is the 2nd site sold for a seller client in a strategic disposition of a nearly 2 acres formerly occupied by Sacred Heart Hospital and Davita Dialysis. The former Davita building sold in January. One 24,807 SF lot remains on the corner of Franklin & Sawyer.
This sale adds to the recent land transactions CRER has successfully brokered in the Chicago market.
Recent CRER Land Transactions:
- Two development sites in Wicker Park that were listed and sold by Nate Gautsche. The buildings are under construction and will deliver 40 new apartments to the Wicker Park neighborhood.
- Nate Gautsche with CRER represented the buyer in the acquisition of 1.02 acres in Pullman adjacent to Chick-Fil-A to develop two stand-a-lone drive-thrus for Dunkin’ and Jimmy Johns.
- CRER successfully represented the seller in the sale of a Bucktown development site that will deliver 56 apartments.
Humboldt Park Development snapshot:
- Passive Living at 3831 W Chicago Ave. 60 residential units, retail and art center under construction.
- The Ave at 3601 W Chicago Ave. 52 residential units and retail space under construction.
- 1237 N California. 40 residential units under construction.
Looking for other land opportunities in Chicago? Check out one of our listings at 4528-38 W Fullerton Ave, Chicago. The site offers a rare opportunity to redevelop an acre site just west of Logan Square.
