530 Winnetka Ave
Winnetka, IL 60093

Colliers is pleased to present a unique opportunity to develop a 0.4029-acre site into a multifamily property. Located in the affluent Winnetka neighborhood, just a few short minutes from Northwestern University, residents have easy access to employment, education, recreational activities, and dining options. Ideally located steps from the Indian Hill Metra stop and proximate to the I-94 entry/exit ramps, this site provides easy access to Downtown Chicago and the abundance of opportunities the city provides.

The Winnetka/Kenilworth markets have witnessed significant organic rent growth in the last few years, with a lack of new high-end multifamily in the vicinity. The Village of Winnetka continues to make improvements with active plans to enhance the retail environment, pedestrian safety, traffic flow, and parking in the 3 business districts, including Indian Hills. New ownership of the site would have the opportunity to develop these standout units in a submarket in need of product matching the demographic needs.

Current zoning allows for a maximum of 9.6-units on the property, however the site adjacent has been zoned C-1 District, proving the potential to increase zoning. Residential is allowed on the ground floor under Special Use.