3119 W Flournoy St., Chicago, IL 60612

3119 W Flournoy St., Chicago, IL 60612
Photo 1 of 8
$39,900
Beds Baths Sq. Ft. Taxes Built
0.00 0 $777
On the market: 7 days

Est. Monthly Payment:

$304($239 + $65 taxes*)

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APPROVED
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3119 W Flournoy St - East Garfield Park (RT-4 Lot): Located in the path of growth in East Garfield Park, this 3,125 sq ft (25 x 125) RT-4 zoned Chicago lot at 3119 W Flournoy St offers straightforward development potential for builders and investors looking to capitalize on Chicago's strong small-multi market. RT-4 zoning generally supports approximately one dwelling unit per 1,000 sq ft of lot area, making this site well suited for a 3-unit building with roughly 3,700+ sq ft of buildable space (buyer to verify with the City of Chicago). The exit story is supported by strong nearby multi-unit sales including 3341 W Fulton Blvd ($707K), 741 N Christiana Ave ($570K), 653 N Lawndale Ave ($565K), and 3849 W Maypole Ave ($492K), demonstrating solid demand for well-executed small multi-unit product in this pocket. The property sits near the CTA Green Line, I-290, Garfield Park Conservatory, and the expanding United Center/West Loop growth corridor, where developers continue pushing west in search of attainable land and strong resale potential. The seller has sold several development lots in this immediate area over the past 60 days, and this is one of the last remaining parcels from the portfolio-secure it now while opportunities like this are still available and bring your architect to start planning.
Listing courtesy of Michael Applegate, Straight-A Realty, LLC