1522 S Homan AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60623
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
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
Laundry None
Exterior
Utilities Available Electric Nearby,Gas Nearby,Sanitary Sewer,Water Nearby
Waterfront false
Building
Dwelling Type Land
Schools
School District 299 ,299, 299
Others
Special Listing Condition None