CHICAGO-Smithfield Properties has purchased the land at 970 W. Madison Street located in Chicago’s West Loop. Chicago Urban Properties, a development company, offered the property for sale at $2 million.

The site consists of 19,300 sf and allows for a maximum construction of 48 units in a 54,600-sf building, which would have 55 parking spaces. As yet, Smithfield hasn’t released its plans for the property.

Chicago-based Smithfield Properties has developed a number of notable properties in its home city, including the residential hall for the School of the Art Institute at State and Randolph.

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