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9424 S Kolmar Ave
0.34 Acres of Residential Land Offered at $263,500 in Oak Lawn, IL 60453
Investment Highlights
- multifamily zoning
Executive Summary
Property Facts
Price | $263,500 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 0.34 AC |
Price | $263,500 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 0.34 AC |
1 Lot Available
Lot
Price | $263,500 | Lot Size | 0.34 AC |
Price Per AC | $775,000 |
Price | $263,500 |
Price Per AC | $775,000 |
Lot Size | 0.34 AC |
Residential Property ready for Multi-family development. 2 lots for 2 buildings or consider building one larger building
Description
Spacious premium lot zoned multi family; Lot is 110'x132.79'. Can build one larger structure or 2 buildings. One can build 2 two flats. Can have approximately 9 units for condos or apartments with a variance. Or about 6-8 townhouses, again with a variance. It is 3.5 lots & 10' of rear vacated alley. There are three separate pins: 24-03-160-47-0000; 028, & 029. South lot is 60'x133' & north lot is 50'x133'. Existing house & garage are occupied by a good cooperative tenant on a month-to-month basis ($1,950/mo.). House is 24.3'x44.4' (1,079 sq.ft). Garage is 16.4'x36.4'. Tenant is willing to stay until the project is ready. Owner has some potential plans (9 units) that are possible to use here. Owner is willing to cooperate to assist with the village if needed. This pocket west of the Hospital is almost all multifamily. There is a condo project of 10 units to the South. Most of the rest of Kolmar Av. is 2-3 units buildings.
zoning
Zoning Code | R2 (Residential Two-Flat, Townhouse and Multi-Unit District) |
R2 (Residential Two-Flat, Townhouse and Multi-Unit District) |
Presented by
9424 S Kolmar Ave
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