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Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12207232
Annual Tax Amount $777
Tax Year 2023
Lot Dimensions 25 X 125
Property Description
**Prime Investment Opportunity: Vacant Multi-Family Lot** Seize the chance to own a vacant lot zoned for multi-family use in a rapidly developing area! Located next to the property at **1520 S Homan Ave**, this lot is perfectly positioned for investors or developers looking to capitalize on a unique bundled discount when purchased together with the neighboring building. **Why This Location?** The block and surrounding neighborhood are experiencing a dynamic transformation, with multiple rehab projects and new developments underway. These improvements are revitalizing the area, drawing in new families and investors alike, and establishing a vibrant community filled with promise and growth potential. **Key Benefits:** - **Zoning Advantage:** The multi-family zoning provides excellent flexibility for a variety of residential investment plans, maximizing your returns. - **Bundled Purchase:** Enjoy an exclusive discount when acquiring this lot along with 1520 S Homan Ave, allowing for expanded development options. - **Growing Neighborhood Appeal:** Renovations and enhancements on the same block and in nearby areas are attracting both young families and seasoned investors, paving the way for increased property values and long-term growth. This vacant lot is a blank canvas in a desirable, evolving area - the ideal foundation for a profitable multi-family project or can be used as expanding the yard when purchasing the building next door.
Location
State IL
County Cook
Area Chi - North Lawndale
Zoning MULTI
Interior
Fireplace N
Laundry None
Exterior
Utilities Available Electric Nearby, Gas Nearby, Sanitary Sewer, Water Nearby
Building
Dwelling Type Land
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Antoinetta Adams • AMA Real Estate Services Inc
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Sarah Leonard
Broker | Owner