$49,999
 $268 est/mo Sourced by Back At You

1522 S Homan Avenue , Chicago, IL 60623

Chicago, IL 60623

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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.

Details

MLS#12207232
Listing TypeFor Sale
StyleLand
Sub-TypeResale
StatusActive Under Contract
Days On Site77
Listing Provided ByAMA Real Estate Services Inc | Antoinetta Adams

Features

ZoningMULTI

Market Activity 60623

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60623
AreaCHI North Lawndale
School District299
Elementary School299
Middle School299
High School299
Listing VS Median (in 60623)
Price:
$49,999
low | high
Med:
$230,000
100% of Average
On Site:
77
low | high
Med:
118.000000
65.254237288136% of Average
Sourced by Back At You
Listing Updated: January 21, 2025 at 1:11:34 PM PST