1223 W Lake Street Chicago, IL ^$ 3,600,000

1223 W Lake Street

^$ 3,600,000

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1223 W Lake Street

Chicago, IL, 60607

^$ 3,600,000

Studio Baths0.0

Monthly Estimate*

^$ 22,459

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Studio

Lots and Land for sale in Chicago, IL

for $3,600,000.

Land situated in the city's core, ideal for various purposes! There's limited land available, particularly on the booming near west side! Located near the "L" and nestled within the Fulton Market District, it's the perfect spot to realize your vision! This area is surrounded by an array of new mixed-use buildings, condominiums, luxury apartments, and refurbished industrial buildings, offering a trendy atmosphere with a plethora of amenities, all just a stone's throw from Downtown.

Lots and Land Active

Price

^$ 3,600,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 8,258

Style

Commercial,Industrial

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12483303

Features

General

Utilities Electricity Available Natural Gas Available Water Available

Possession Closing Immediate

Township West Chicago

Tax Year 2023

Current Use Commercial Industrial

Ownership Fee Simple

Additional Parcels Description 17083260090000

County Cook

Property Type Land Land

Status Active

Directions Lake just west of Racine

City Chicago

High School District 299

MLS Area CHI - Near West Side

Tax Annual Amount 8258.14

Additional Parcels Y/N Y

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Interior

Basement None

Total Baths 0

Exterior

Total Parking 0

Lot Dimensions 72X181

Road Surface Type Asphalt

Frontage Length 72

Frontage Type Public Road

Waterfront Y/N N

* Excluded Features

List By

Mcallister Real Estate

Broker

McAllisterRealEstate@yahoo.com

Affordability Calculator

$23,147

Per Month

Monthly Principal & Interest: $22,459
Monthly Property Taxes: $688
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Chicago, IL

Average List Price ^$345,301

Percent of Sale Price 90%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/29/2025	$3,600,000		Listed Price

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1223 W Lake Street, Chicago, IL, 60607 is a Lots and Land for sale at $3,600,000. 1223 W Lake Street is a studio with 0.0 baths. The property's zip code is 60607 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/8/2025.

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1223 W Lake Street

Lots and Land for sale in Chicago, IL

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