Attention developers, investors, architects, builders...oversized 27x125 vacant lot in thriving "Irving Park" neighborhood just one block from bustling Addison & Elston! 19,500 ADT(Average Daily Traffic). Street & alley access to property maximizes use, parking and options. Lots of possibilities for residential, commercial or both, and surrounded by same, including newer condos. Most lucrative may be residential/Multi-Unit as the governing bodies of this 33rd Ward property prefer residential residences per the seller's recent discussions with the Alderperson's office. And, a NEW LAW is in the books effective 4/1/26 for ADU's(Additional Dwelling Unit) in this zoning district of C1-1. Location can't be beat, walk to everything! Only half mile to Addison Blue Line station & Kennedy X-way. 2 blocks to Jewel-Osco grocery store. 1 block to bus stop. 1 mile to Irving Park Metra station. 3 miles to Wrigleyville. Contact listing agent for details & see additional information for zoning and new ADU information for C1-1. ***Property taxes will be reduced significantly for upcoming next tax bill for 2025 paid in 2026. The most recent tax bill for 2024 was assessed as improved but now the property is assessed as vacant land starting in 2025 payable in 2026. The assessed valuation for 2025 is 64% LOWER than the 2024 assessment amount.