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Listed by John Forsytheof Coldwell Banker Realty
$ 249,900
Est. payment | /mo
$ 249,900
Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Irving Park Manor
MLS Listing ID 12535885
Annual Tax Amount $8,667
Tax Year 2024
Lot Dimensions 27X125
Property Sub-Type Land
Property Description
****JUST REDUCED $50,000!!!**** Attention developers, investors, architects, builders...oversized 27x125 vacant lot in thriving "Irving Park" neighborhood just one block from bustling Addison & Elston! 19,500 ADT(Average Daily Traffic). Street & alley access to property maximizes use, parking and options. Lots of possibilities for residential, commercial or both, and surrounded by same, including newer condos. Most lucrative may be residential/Multi-Unit as the governing bodies of this 33rd Ward property prefer residential residences per the seller's recent discussions with the Alderperson's office. And, a NEW LAW is in the books effective 4/1/26 for ADU's(Additional Dwelling Unit) in this zoning district of C1-1. Location can't be beat, walk to everything! Only half mile to Addison Blue Line station & Kennedy X-way. 2 blocks to Jewel-Osco grocery store. 1 block to bus stop. 1 mile to Irving Park Metra station. 3 miles to Wrigleyville. Contact listing agent for details & see additional information for zoning and new ADU information for C1-1. ***Property taxes will be reduced significantly for upcoming next tax bill for 2025 paid in 2026. The most recent tax bill for 2024 was assessed as improved but now the property is assessed as vacant land starting in 2025 payable in 2026. The assessed valuation for 2025 is 64% LOWER than the 2024 assessment amount.
Location
State IL
County Cook
Zoning COMMR
Interior
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Water Available
View Y/N true
Building
Water Municipal Water
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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676 N Michigan Ave. Ste 3010, Chicago, IL, 60611, United States