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Mixed-Use Land for Sale in Chicago, Illinois

654 W 31st St, Chicago, IL 60616

$950,000
0.07 acres
Active sale
$350k drop
Est $6,775/mo

Unlock the potential of "The Union Assembly" perfectly located at 654-58 W. 31st Street, a prime 7,365 SF corner lot in the heart of Bridgeport, one of Chicago's most vibrant and historic neighborhoods. This vacant parcel offers exceptional frontage, high visibility, and is ideally situated in a Transit Oriented Development (TOD) area. Zoned C1-1 & B3-2, with potential for a C1-3 up-zone, it's a developer's dream. Included are architectural plans for a modern 2-story mixed-use building featuring a flexible ground-floor commercial space-perfect for a cafe, boutique, or office-and upscale residential units above, thoughtfully designed for contemporary living. Whether you're an investor, developer, or entrepreneur, this site offers a rare opportunity to bring your vision to life. Located in the pro-development 11th Ward, this property is ready to build-just dirt and possibilities await! Renderings are for marketing purposes only; buyers should verify and conduct all due diligence. Don't miss out-your next big project starts here!

Location

Street address
654 W 31st St
Community
CHI - Bridgeport
Elevation
597 feet
Coordinates
41.8383, -87.6436

Property details

Lot size
0.07 acres3,049 sq ft
MLS #
MRED 12571341
Posted

Property taxes

2024
$4,449

Parcels

  • 17283280200000

Details and features

Listing

Type
Land
Franchise
None

Listing history

DateEventPriceChangeSource
May 14, 2026Price drop$950,000$350,000 -26.9%MRED
Feb 20, 2026New listing$1,300,000MRED
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This 0.07-acre property is located at 654 W 31st St in Chicago, IL 60616. The property is available for sale for $950,000.

Listed by Compass, (773) 482-1917

Checked 2 hours agoUpdated Source

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