This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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

Spacious premium lot zoned multi-family or can build single family. Lot is 110'x132.79'. Can have approximately 10 units for condos or apartments. Probably 6-8 townhouses. Or one can have 2 structures of multifamily. It is 3.5 lots & 10' of rear vacated alley. There are three separate pins: 24-03-160-47-0000; 028, & 029. Existing house & garage are occupied by a good cooperative tenant on a month-to-month basis. House 1,079 SF and garage is 16.4' x 36.4'. Willing to stay until the project is ready.

Property Facts

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
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.

Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R2 (Residential Two-Flat, Townhouse and Multi-Unit District)
R2 (Residential Two-Flat, Townhouse and Multi-Unit District)
  • Listing ID: 31599733

  • Date on Market: 4/24/2024

  • Last Updated:

  • Address: 9424 S Kolmar Ave, Oak Lawn, IL 60453

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}