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$599,000

Est. payment - /mo

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0.28 Acres Lot

Active

2650-2662 W Madison Street Chicago, IL 60612

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

UPDATED:

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

Acres 0.28

Lot Dimensions 100 X 125

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

Present Use Multi-Family

Street Surface Asphalt

Farm No

Building

Dwelling Type Land

Lot Size Range .25-.49 Acre

Architectural Style Land

Schools

School District 299

Others

Senior Community No

Tax ID 16124260220000

Ownership Fee Simple

Special Listing Condition None

MRED as distributed by MLS GRID.

Listed by Dream Town Realty

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106