List Price: $399,000
| Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
| — |
— |
|
— |
0 |
$1,005 |
132 days |
Residential developers don't miss out on this excellent opportunity to purchase an .37-acre lot in Chicagoland's Washington Park neighborhood. Zoned RM-5, this sizable lot is prime for development. 16,000+ square feet - There is REAL multifamily development upside! 5432 S Michigan Ave and 5434 S Michigan Ave recently sold for $1,055,000 each, within the past 3 months!! These two, new construction, buildings have only 3-units and within walking distance of the subject property! This available parcel also has the square footage to build four 3/4-unit residential buildings! Build your own collection of four luxury 3-units and achieve a $4M+ valuation upside, achieve potentially higher values with 4-unit building! Condo conversion is also an excellent strategy, 3-bedroom condos in Washington Park sell for $250,000+. This plot sits in an excellent territory on Chicago's famous Michigan Ave, proximity to George Washington Park, Provident Hospital, and interstate access!
Listing courtesy of Straight-A Realty, LLC
5147 S Michigan Ave. is a lot/land home, and is located in Chicago, IL, in the Washington Park neighborhood. It has 0 bedrooms and — bathrooms, and has annual property taxes of $1,005.
Marco Amidei
(888) 32-Marco (847) 630-4886
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