2650-2662 W Madison Street Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60612
Key Details
Property Type Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11183952
Annual Tax Amount $1,637
Tax Year 2019
Lot Size 0.280 Acres
Property Sub-Type Land
Property Description
100 feet of frontage on Madison. Lot Total dimensions are 100 by 125. Quick Zoning Metrics: 31 dwelling units or 25 dwelling units + 8 studios. 37,500 Buildable SF. 65' height with ground floor commercial. 60' height with no ground floor commercial. You need a special use for ground-floor residential. The property qualifies for TOD bonuses but you need to do a zoning amendment to obtain them (and thus trigger affordable). Under a TOD rezoning, you can get: 41 dwelling units or 33 dwelling units + 12 studios. 50,000 Buildable SF. 75' with ground floor commercial. 70' with no ground floor commercial
Location
State IL
County Cook
Area Chi - East Garfield Park
Zoning MULTI
Exterior
Utilities Available Electric to Site,Gas to Site,Sanitary Sewer,Sewer-Storm Available,Water-Municipal,Water to Site
View Y/N true
Building
Dwelling Type Land
Schools
School District 299
Others
Special Listing Condition None