Essex Realty Group, LLC has been exclusively engaged to market for sale 1837–59 N. Spaulding Ave., a truly irreplaceable 41,656 SF development opportunity located in Logan Square. Positioned on the quiet corner of Spaulding Avenue and Cortland Street – just blocks from Palmer Square – the site represents one of the last remaining development parcels of this scale in one of Chicago’s most sought-after neighborhoods. Surrounded by attractive residential streets, premier housing stock, and some of the city’s most iconic boulevard systems, the property offers an exceptional opportunity to deliver a transformative residential development in a location that continues to demonstrate outstanding residential demand and long-term neighborhood growth fundamentals.
Currently zoned RS-3, the site presents a compelling opportunity for a luxury single-family or townhome development. However, nearby zoning precedent – including directly across the street – may support the potential for an RT-4 or RM-4.5 upzoning, creating a clear path toward a larger-scale multifamily project. Coupled with the property’s proximity to public transportation, neighborhood retail corridors, parks, and employment hubs, 1837–59 N. Spaulding Ave. offers developers a rare opportunity to capitalize on one of Chicago’s strongest long-term residential submarkets with a project of meaningful scale and flexibility.
Logan Square, located approximately three miles northwest of Chicago’s central business district, is a multi-cultural community of art organizations, music venues, local businesses, and an abundance of restaurants and cocktail bars.
Among other things, the area is known for its historical and handsome solid greystone two- and three- flats, and single-family homes that line Logan, Kedzie and Humboldt Boulevards, and Logan and Palmer Squares. The majority of which were constructed by German and Scandinavian immigrants in the late 1800s. After the Great Chicago Fire of 1871, the neighborhood’s population began rapidly expanding; and, by 1889, the entirety of Logan Square had been annexed by the City of Chicago & the CTA’s L line shortly thereafter.
Today, the area continues to see expansion year after year. A booming growth in population has allowed for new residential and retail developments to pop up over the last several years. Residents can often be found enjoying the Chicago weather on the 2.5 mile stretch of boulevards that expand across the neighborhood.
- Approximately 41,656 SF of Residential Development Land
- Located Just a Few Blocks from Palmer Square
- RS-3 Zoning - Precedent Nearby for Upzoning
- Site Mostly Existing Green Space and Parking Lot