Property Description
Triton Realty Group presents 4337 N. Cicero Avenue, a ±8,740 SF corner development site (69.92' × 125') at Cicero & Pensacola in Chicago’s Portage Park / Mayfair area. The three-lot parcel (Lots 10, 11 & 12) has a 5-unit brick building fronting Cicero and a one-story frame coach house at 4722 W. Pensacola along the public alley. The ±29.92' × 125' corner lot is largely open yard.
The site is zoned B1-1 within a Transit-Served Location, and B2-2 zoning sits directly across the street, which makes a clear case for upzoning to support a larger building. The seller is willing to entertain zoning contingencies. The Mayfair Metra (MD-N) is steps away, and the Montrose Blue Line is a short trip that reaches the Loop in about 22 minutes. The Kennedy Expressway, Six Corners and Irving Park are minutes away. There is nearby precedent: 4321 N. Cicero was redeveloped into four (4) condominiums in 2020.
Redevelopment Opportunities
Split the Site: Carve out the ±30' × 125' corner lot (Lot 12) for new apartments or condos, and rehab the 5-unit on Lots 10–11.
Full Redevelopment: Clear the full 69.92' × 125' corner for a larger ground-up residential project, subject to rezoning.
Rehab & Hold: Renovate and/or expand the existing buildings and hold them as a multi-unit rental with alley access.
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Property Details
Property Type
Multifamily Redevelopment
Year Built
1954
Year Renovated
Current Cap-Rate
Pro Forma Cap-Rate
Property Highlights
Upzoning Potential: B1-1 in a Transit-Served Location with B2-2 directly across the street; seller will entertain zoning contingencies
Three Ways to Create Value: Split off the corner lot for new construction, redevelop the full site, or rehab and hold the existing buildings
Transit-Oriented Location: Steps from the Mayfair Metra (MD-N), near the Montrose Blue Line, and minutes from the Kennedy and Six Corners
Rare Corner Assemblage: ±8,740 SF across three platted lots with alley access; nearby 4321 N. Cicero became four (4) condos in 2020