$163,500
$195,000
16.2%For more information regarding the value of a property, please contact us for a free consultation.
9,583 Sqft Lot
SOLD DATE : 09/06/2024
Key Details
Sold Price $163,500
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11857410
Sold Date 09/06/24
Annual Tax Amount $1,692
Tax Year 2023
Lot Size 9,583 Sqft
Lot Dimensions 75 X 123.27
Property Description
RARE LAND AVAILABLE FOR MULTIFAMILY USE IN INNER SOUTHWEST SUBURBS. ZONED R-3 FOR MULTI FAMILY. MANY OPTIONS WORK HERE. THIS CAN BE A LARGE 9 UNIT APARTMENT OR CONDO BUILDING (WITH A PARKING VARIANCE). THIS LOT ALSO CAN BE TWO 2-4 UNIT BUILDINGS. ALSO, ONE CAN BUILD 6 TOWNHOUSES. 6 UNITS WITH 12 PARKING SPACES IS ALLOWED NOW. MAYBE A POSSIBLE GROUP HOME? THIS PRIME PARCEL IS LOCATED IN THE HEART OF THE VILLAGE OF OAK LAWN'S DOWNTOWN & HISTORIC AREA. WALK TO THE METRA, 95TH ST. BUS, SMALL SHOPS & STORES, RESTAURANTS, LIBRARY AND THE NEW PETE'S MARKET COMING SOON. EASILY 6-9 UNITS CAN BE PLACED ON THE PROPERTY (DEPENDS ON THE SQUARE FOOTAGE OF EACH UNIT). CURRENT CODE IS 2 SPOTS PER UNIT BUT PLENTY NEAR HERE HAVE HAD VARIANCES. THERE IS BOTH STREET AND ALLEY ACCESS TO THE LOT TO MAXIMIZE PARKING VERSATILITY. THIS IS AN AWESOME LOCATION! LOT SIZE IS 75' X 123.27'. SELLER HAS PLANS FOR A STATE-OF-THE-ART NEW APARTMENT BUILDING. CLOSE TO LAKESHORE PARK. ZONING ALLOWS 9 UNITS BUT NEED A PARKING VARIANCE IF 7+, BUT OTHERS NEARBY HAVE HAD VARIANCES. THIS CAN BE A PROJECT THAT ALL THE SOUTHWEST TALKS ABOUT!
Location
State IL
County Cook
Area Oak Lawn
Zoning MULTI
Interior
Fireplace N
Exterior
Utilities Available Electric Nearby, Gas Nearby, Sanitary Sewer, Water Nearby, Water to Site
Schools
Elementary Schools Sward Elementary School
Middle Schools Oak Lawn-Hometown Middle School
High Schools Oak Lawn Comm High School
School District 123 , 123, 229
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Mary Huska • United Real Estate - Chicago
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