1539 S Springfield Ave., Chicago, IL 60623

For sale 1539 S. Springfield a 1.2-acre development site in the North Lawndale neighborhood. The parcel is currently zoned RT-4 and runs from Harding to Springfield along 16th Street. According to the current Zoning Ordinance, the RT-4 zoning accommodates two-flats, townhouses, low-density apartment buildings, single-family homes. The maximum floor area ratio is 1.2, the minimum lot area per dwelling unit is 1,000 SF, and the maximum building height is 38 feet. In one scenario, an investor may subdivide the lots to build 16 two flats. Located in an Opportunity Zone Rarely available site over 1.2 acres Well-located Endless Possibilities 1.2 acre development site in the North Lawndale neighborhood. The parcel is currently zoned RT-4 and runs from Harding to Springfield along 16th Street. Ward:24, Alderman: Michael Scott, Jr. , Market: North Lawndale, Dimensions: ~266x200,