2729 W Lawrence AVE Pending Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60625
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 11673882
Annual Tax Amount $30,273
Tax Year 2022
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.
Location
State IL
County Cook
Area Chi - Lincoln Square
Zoning OTHER
Interior
Heating Natural Gas
Cooling Other
Laundry None
Exterior
Utilities Available Electric to Site,Gas to Site,Water-Municipal
Waterfront false
Building
Dwelling Type Land
Schools
School District 299 ,299, 299
Others
Special Listing Condition None