Renters are more willing to move to adjacent neighborhood for a small decrease in rent.

And the developer decides to develop your adjacent land as well, that's hard ball.

Some people want properties with improvements, some want vacant lots, or adjacent vacant lots--some want houses they can live-in, etc...

Those lines connect to the airports and you can market accordingly.Don't forget the South side.

Help father develop empty plot of land in Rogers Park- Adjacent to his commercial property, my father has a vacant piece of land due to a fire in 2007- - We are looking to develop the land into a mixed unit.

✅ Low operating costs ✅ Pro-business city / state regulatory environment ✅ Low crime rate ✅ No rent control of any kind ✅ Sufficient population to have economic stability, major highways, and a major airport. ✅ Low risk of a natural disasterIncome ReliabilityThe reliability of your income depends on the tenant who occupies your property and their job.

But I see the issue, which is why I never tried to go there in may area, is that you are at the top, or a little above, of the economic propensity for the market of larger projects, meaning smaller would be more marketable to a larger group of potential buyers, or as you see it, a larger project is required to attract larger investors.I'd consider the properties adjacent to your complex first, can you buy those?

I did notice a lot of new development happening on my way from the airport.

In Ontario if an owner buys an adjacent property in the same name the property will be converted to one title by the city and MPAC. 

I have two adjacent lots in Tarrytown that are approx. 1 acre combined.