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2729 W Lawrence Avenue

Chicago, IL 60625
  • $1,475,000
  • STATUS: Active
  • ON SITE: 128 Days
  • MLS #: 11673882
UPDATED: 66 min ago
$1,475,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

School District:
299

Description

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.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Brian Grienenberger | Dream Town Realty. Based on information submitted to the MRED as of 2023-03-24T11:00:27.033 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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2729 W Lawrence Avenue Chicago, IL 60625

  • Price: $1,475,000
  • Status: Active
  • On Site: 128 Days
  • Updated: 66 min ago
  • MLS #: 11673882
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Chi - Lincoln Square
County:
Cook
Area:
Chi - Lincoln Square
School District:
299
Property Description
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.
Exterior Features

Frontage Type City Street Land Level Lot Size .25-.49 Acre Road Surface Type Asphalt Waterfront YN No

Interior Features

Basement None Basement Bathrooms YN No Cooling Other Heating Natural Gas Laundry Features None

Property Features

Additional Parcels YN Yes Building On Land Yes Corporate Limits Chicago Current Use Commercial Farm No General Information None Mls Actual Status Active Ownership Fee Simple Rental Price 0 Special Listing Conditions None Tax Annual Amount 40699.46 Tax Year 2020 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceScavengerSewer Township Jefferson Type Land Utilities Electric To SiteGas To SiteWater-Municipal Zoning Other

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of @Properties Christie's International Real Estate: 773-432-0200.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Brian Grienenberger | Dream Town Realty. Based on information submitted to the MRED as of 2023-03-24T11:00:27.033 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Brian Grienenberger | Dream Town Realty
4553 N. Lincoln Ave
Chicago IL, 60625