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2441 W. Summerdale Ave. - 2441-2447 W. Summerdale Ave., Chicago

0.1 Acres of Commercial Land Offered at $179,900 in Chicago, IL 60625

Commercial Land Illinois Chicago 2441 W. Summerdale Ave., Chicago, IL 60625

Executive Summary

Excellent investment property opportunity. Currently used as accessory parking for adjacent buildings. Rental rates for 3-bedroom, new-construction apartments in the area top $3,000 monthly. Sale prices of 3-bedroom condos $350,000 or more. ComEd has agreed to move existing utility poles (at their cost) to the edges of the two lots to facilitate electric and other utility access without crossing the subject property.

Property Facts

Price $179,900 Property Subtype Commercial
Sale Type Investment or Owner User Proposed Use Apartment Units
No. Lots 1 Total Lot Size 0.10 AC
Property Type Land
Price $179,900
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units
Total Lot Size 0.10 AC

1 Lot Available

Lot

Price $179,900 Lot Size 0.10 AC
Price Per AC $1,727,615
Price $179,900
Price Per AC $1,727,615
Lot Size 0.10 AC

Two lots of record in Bowmanville/Lincoln Square area. Sale price includes approved plan for 4-unit apartment building. Each unit has 3 bedrooms and 2-1/2 baths. Four dedicated off-street parking spaces. A shovel-ready project for the savvy investor!

Description

Cleared land with utilities to site. Approved plan for 4-unit apartment building included in price. Currently used as accessory parking.

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Walk Score ®
Very Walkable (86)
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 13-12-235-026-0000
  • 13-12-235-025-0000
 Improvements Assessment $0
Land Assessment $14,534 Total Assessment $14,534

PROPERTY TAXES

Parcel Numbers
Multiple
  • 13-12-235-026-0000
  • 13-12-235-025-0000
Land Assessment
$14,534
Improvements Assessment
$0
Total Assessment
$14,534

zoning

Zoning Code RT-4 (RT-4 zoning has a floor area ratio of 1.2)
RT-4 (RT-4 zoning has a floor area ratio of 1.2)
(773) 763-7000

  • Listing ID: 30760344

  • Date on Market: 1/24/2024

  • Last Updated:

  • Address: 2441 W. Summerdale Ave., Chicago, IL 60625

More public record information on 2441 W. Summerdale Ave., Chicago, IL 60625

The Land Property at 2441 W. Summerdale Ave., Chicago, IL 60625 is currently available For Sale. Contact Omniterra Real Properties for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

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2441 W. Summerdale Ave. - 2441-2447 W. Summerdale Ave., Chicago
(773) 763-7000 x

2441 W. Summerdale Ave. - 2441-2447 W. Summerdale Ave., Chicago

Don Pasek

(773) 763-7000

(773) 763-7000

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