RM-5 zoned land. 1428 N Wood St is a 2,200 SF vacant land parcel just off Milwaukee Ave, three blocks from the Damen Blue Line CTA Station. RM-5 zoning allows for 2.0 FAR construction and 4,400 of Buildable SF. The list price of $475,000 reflects $108 per Buildable SF or a 43% discount to recent comparable land sales – see OM under Additional Info. Lot frontage is 25′ wide with an average depth of 88′. Can be sold with 1430 N Wood St, the lot immediately to the north. 1430 N Wood St is a 2,475 SF lot with RM-5 zoning, currently improved with a 3-unit building producing $69,510 of gross revenue. Hanna Architects created a massing study with a 6-unit center-entrance across both parcels in 2018. Design and Survey also available under Additional Info.
Property Details
Price:
$475,000
MLS #:
MRD12758750
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Land
Neighborhood:
chiwesttown
Listed Date:
Sep 14, 2026
See this Listing
Schools
School District:
299
Interior
Exterior
Financial
Tax Year
2025
Taxes
$3,986
Map
Community
- Address1428 N Wood Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60622
Market Summary
Property Summary
- 1428 N Wood Street Chicago IL is a Land for sale in Chicago, IL, 60622. It is listed for $475,000 and features 0 acres.
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Copyright 2026. All rights reserved.
1428 N Wood Street
Chicago, IL


