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$ 675,000
Est. payment | /mo
$ 675,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12709810
Year Built 1898
Annual Tax Amount $7,893
Tax Year 2024
Lot Dimensions 130X61X130X61
Property Sub-Type Multi Family 5+
Property Description
Exceptional redevelopment opportunity in the heart of Chicago! This unique property sits on two separate PINs and offers tremendous upside for investors, developers, and builders. Zoned to allow for the construction of up to 14 residential units, this site presents a rare chance to capitalize on the area's ongoing growth and demand for housing. The existing structure has already undergone significant improvements, including a brand-new roof and a complete interior gut renovation with framing in place, providing a valuable head start for your project. Whether you're looking to complete the current vision, develop a multi-unit investment property, or maximize the site's development potential, the groundwork has already been laid. Conveniently located near public transportation, major expressways, shopping, dining, parks, and schools, this property offers easy access to downtown Chicago and surrounding neighborhoods. Opportunities with this level of development potential are increasingly hard to find. Bring your vision and unlock the full potential of this prime Chicago development site. Two PINs included in the sale. Buyer to perform their own due diligence regarding zoning, permitted uses, and development opportunities.
Location
State IL
County Cook
Area Chi - Austin
Zoning MULTI
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Cesar DeSouza of eXp Realty