338 S Artesian Ave Chicago, IL 60612
United Center NeighborhoodEstimated payment $1,234/month
About This Lot
Exceptional opportunity to acquire a nearly 9,000 square foot flat lot under PD zoning, offering unmatched flexibility for future development. Located just steps from the Western CTA station and minutes from the United Center, this site benefits from both transit connectivity and proximity to Chicago's iconic entertainment hub. Adding remarkable upside, a recently approved $7 billion redevelopment plan known as the "1901 Project" will transform more than 55 acres surrounding the arena into a vibrant mixed-use district over approximately 15 years. Plans include a 6,000-seat music hall, hotel, new public green spaces, retail, up to 9,500 residential units with a portion designated as affordable housing, and creative open plazas. The first phase is expected to begin in 2025 and will include the music hall, boutique hotel, rooftop park atop a parking structure, and extensive pedestrian-friendly infrastructure. With its flat topography, excellent visibility, and this catalytic neighborhood transformation underway, the property is exceptionally well positioned for mixed-use, multifamily, retail, professional office, or other innovative development concepts, subject to city approval. This is a rare chance to secure a prime site in one of Chicago's most dynamic growth corridors.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,934
Lot Details
- Lot Dimensions are 70 x 126
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,934 | $23,007 | $23,007 | -- |
| 2023 | $3,835 | $18,583 | $18,583 | -- |
| 2022 | $3,835 | $18,583 | $18,583 | $0 |
| 2021 | $3,749 | $18,582 | $18,582 | $0 |
| 2020 | $4,153 | $18,582 | $18,582 | $0 |
| 2019 | $3,746 | $18,582 | $18,582 | $0 |
| 2018 | $3,682 | $18,582 | $18,582 | $0 |
| 2017 | $3,536 | $16,370 | $16,370 | $0 |
| 2016 | $3,279 | $16,370 | $16,370 | $0 |
| 2015 | $3,000 | $16,370 | $16,370 | $0 |
| 2014 | $2,955 | $15,928 | $15,928 | $0 |
| 2013 | $2,897 | $15,928 | $15,928 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2025 09/13/25 | Pending | -- | -- | -- |
| 09/10/2025 09/10/25 | For Sale | $170,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12468985
APN: 16-13-220-032-0000
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