654 W 31st Street Chicago, IL $ 950,000
654 W 31st Street
$ 950,000
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654 W 31st Street

Chicago, IL, 60616
$ 950,000
Baths0.0

Monthly Estimate*

$ 5,849

654 W 31st Street, Chicago, IL 60616 - Image 1
654 W 31st Street, Chicago, IL 60616 - Image 2
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Studio

Lots and Land for sale in Chicago, IL

for $950,000.

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!

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Lots and Land Active

Price

$ 950,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 4,448

Style

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12571341

Features
General
Possession Closing
Township South Chicago
Tax Year 2024
Ownership Fee Simple
Additional Parcels Description 17283280210000
County Cook
Property Type Land Land
Possible Use Commercial Condominium Development Single Family Retail
Status Active
Directions South to 31st West to Union
City Chicago
High School District 130
MLS Area CHI - Bridgeport
Tax Annual Amount 4448.56
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 130
Elementary School District 130
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Exterior
Total Parking 0
Lot Dimensions 60x122.75
Road Surface Type Dirt Gravel
Frontage Length 60'
Frontage Type City Street
Waterfront Y/N N
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Interior
Total Baths 0
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* Excluded Features
List By
Compass

Broker

amy.duongkim@compass.com

Email

Affordability Calculator

$6,220
Per Month
94%
6%
0%
Monthly Principal & Interest
$5,849
Monthly Property Taxes
$371
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
564608 Elementary School
565519 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/13/2026$950,000 -26.92% Price Down
2/19/2026$1,300,000 Listed Price

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654 W 31st Street, Chicago, IL, 60616 is a Lots and Land for sale at $950,000. 654 W 31st Street is a studio with 0.0 baths. The property's zip code is 60616 which is in Chicago, IL