Lots o' lots ripe for development in Lincoln Park, for the right price

1500 block of West Montana Street in Lincoln Park, Chicago

Land prices are down significantly in many parts of the city, but it’s not an across-the-board trend — an oversized lot in Lincoln Park can still set you back by more than $1 million.

What’s interesting about the parcel above is its sheer size — it runs almost the entire length of the 1500 block of West Montana Street, from Greenview to Ashland avenues. According to the sample listings posted by Koenig & Strey Real Living agent James Kramer, the space (zoned RT4) can fit up to 14 homes, but can also be divided into several 30-, 37.5-, or 50-foot wide lots. It’s an opportunity waiting for someone — let’s see if anyone bites.

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