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$ 4,600,000
Est. payment | /mo
7,405 Sqft Lot
$ 4,600,000
Est. payment | /mo
7,405 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12703290
Annual Tax Amount $15,952
Tax Year 2024
Lot Size 7,405 Sqft
Lot Dimensions 50x102
Property Sub-Type Land
Property Description
Premier Old Town Development & Cash-Flow Opportunity | Double or Triple Lot Package. An unmatched development canvas awaits in the heart of Old Town, one of Chicago's most coveted and historic enclaves. This rare offering features a flexible double or triple-lot footprint situated on a premier, tree-lined residential street. The package combines immediate high-yield rental income with immense ground-up development potential for a landmark residential or commercial project. The Development Footprint: Rare double or triple-lot ideal for luxury single-family homes, high-end condominiums, or commercial assets. Ready Accessibility: Features an existing curb cut, significantly simplifying site planning and construction logistics. Favorable Zoning: Versatile zoning parameters accommodate diverse architectural visions and maximize buildable square footage. The Income Generator (1455 N. Sandburg) Turnkey Asset: A beautiful, fully leased brick multi-family building anchoring the third parcel to provide immediate carrying income. Upper-Level Units: Three pristine, layout-efficient 2-bedroom, 2-bathroom apartments commanding premium neighborhood rents. Garden-Level Space: An expansive 5-bedroom, 5-bathroom footprint, currently optimized as high-end office space. A Location Without Equal Transit-Oriented: Located just steps from the Sedgwick CTA Brown Line station and express buses on LaSalle Street for effortless commuting. Gold Coast & Lake Access: Walking distance to the shores of North Avenue Beach and the vast green spaces of Lincoln Park. Lifestyle & Amenities: Minutes from the world-class dining, boutique shopping, and vibrant nightlife lining iconic Wells Street.
Location
State IL
County Cook
Area Chi - Near North Side
Zoning MULTI
Interior
Fireplace N
Building
Dwelling Type Land
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Mauricio Ortiz of Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "