Seasonal activity of residential multifamily sales in Chicago may have slowed in January but plenty of Buyers and Sellers were still participating in the market. Here's a list of 6 good income property buys across the north side neighborhoods of Chicago last month.Read More
Nice residential development play here. Property consists of a large 3-flat (for the area) on a 48' x 100' lot with RT-4 zoning. The parcel appears to have only one PIN which means at this price the highest and best use is to tear down the building and build a 4-unit condo building, 2-single family houses or (1) large single family. It will be interesting to see how this property gets redeveloped. At $400K/lot, there's not a huge margin to be made but with property values continuing to rise in the Bucktown neighborhood, I think the buyer (new home builder?) will make out fine.
2310-12 W Palmer St.
Chicago, IL 60647
Type: Multifamily 3 unit & vacant lot
Total Units: 3
Total Rooms: 18
Total Bedrooms: 9
Total Baths: 3
Lot Size: 48' x 100'
Year Built: Unknown
Grade School Dist: #299
Information provided by: Menard Johnson & Assoc., Allen Johnson
This is a land play for all you developers and builders out there. Prime Roscoe Village / West Lakeview location. 25' x 125' lot, zoned RS-3. Recent sales put the value for this parcel in the $575,000 range.Read More