Zoning Page

Sale of City-Owned Lot at 714 E. 44th St for 2-Unit Residential Project Approved

  • When: 2025/11/14
  • Address: 714 E. 44th Street, Chicago, IL 60653
  • City: Chicago
  • State: IL
  • Category: City Properties
  • Subcategory: Property Sale
  • Asset Class: Multifamily
  • Property Type: Townhomes
  • Size (Units): 2 Units
  • Size (Dollars): $116,000
  • New Zoning: RT-4
  • Previous Zoning: RT-4

The Chicago City Council has approved the sale of a city-owned vacant lot at 714 E. 44th Street to Steps Inc. Consulting for $116,000. The buyer intends to construct a two-unit residential building, with each unit having two bedrooms, and a two-car garage on the property. This sale is part of a broader city initiative to transfer vacant, non-tax-generating parcels back to private ownership for productive use. The Department of Planning and Development facilitated the sale, which was based on a fair market valuation conducted by CBRE Group. The ordinance was officially passed on November 14, 2025.

Source

Applicant - Steps Inc. Consulting


Developer - Steps Inc. Consulting