Developer's dream! TOD qualified - 4 contiguous lots available for development in prime Lincoln Square location! 12, 500 sq ft with B1-2 zoning! 6 min walk to Rockwell Brown line, 10 minute walk to Western brown line and downtown Lincoln Square, 10 min bus ride to Ravenswood Metra stop, 5 min walk to North Branch River trail with biking/jogging for miles and parks, trees and playgrounds abound! Ability to build 12 units with current zoning or up-zone for ability to build 31 units or more depending on percentage of affordable units! Lots of precedence for up-zoning in the area. Alderman has had plenty of experience with developers! Taxes just got reduced by $5, 000 / year via a successful appeal and locked in for 10 years! 2020 total taxes were $40, 699.46 and newly appealed taxes are apprx $35, 000. PIN numbers 13-13-200-012, 13-13-200-013 (double lot) & 13-13-200-014. Current use is a single story mini mall with two restaurants that is 50% occupied. Building expenses are only taxes and insurance. Tenants pay all building utilities including water.

Listing Courtesy of MRED as distributed by MLS Grid of @properties Christie's International Real Estate 773-432-0200



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Data last updated: 2024-07-26 11:25 PM UTC
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