A charity that has owned a nearly 2-acre property along Oz Park for more than a century is now looking to sell it, putting one of Lincoln Park's more unusual landholdings on the market. The site, known as the St. Vincent de Paul Center at 2145 N. Halsted St., sits in one of Chicago's most affluent neighborhoods, and its sale could set up a major redevelopment.
The listing was reported by CoStar News, which identified Tom Svoboda, a senior vice president at CBRE, as the broker marketing the property. According to the outlet, the charity that owns the center has long used the site to provide social services designed to lift Chicagoans out of poverty, and the Halsted Street property is now described as for sale after more than a century under the same ownership.
Public property records offer a baseline look at the parcel itself. The property is at 2145 N Halsted St, with PIN 14-33-115-004-0000.
A Prime Spot Along Oz Park
The property's location is central to why it is drawing attention. Per CoStar's reporting, the site sits along Oz Park in the affluent Lincoln Park neighborhood, and the sale could set up a major redevelopment. The site's zoning remains unclear.
What exactly might rise on the site, and under what zoning allowances, remains an open question.
Part Of A Bigger Lincoln Park Moment
The St. Vincent de Paul Center sale lands at a notable time for redevelopment in the broader Lincoln Park area. Just across the neighborhood, Foundry Park — a housing-focused redevelopment planned for the long-stalled former Lincoln Yards site — broke ground this month after years of uncertainty, according to Block Club Chicago. That project is planned to bring as many as 3,737 homes to the site, along with retail, office space, a boutique hotel, parks and a public riverwalk, the outlet reports.
Foundry Park's path forward got a major boost in September, when Chicago alderpeople approved a redevelopment agreement providing roughly $201.6 million in tax increment financing for infrastructure, Block Club Chicago reported. The two projects are not connected, but both reflect how parcels once tied up in long-term institutional or industrial ownership are now being eyed for new housing in Lincoln Park.
What Comes Next
For now, the St. Vincent de Paul Center property remains listed, with CBRE's Svoboda marketing it to prospective buyers. Whether a deal materializes, and what kind of project might eventually replace the century-old social-services site along Oz Park, has not yet been determined.
