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$399,000
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 4 |
|
0 |
$8,438 |
1880 |
|
On the market:
8 days
|
View full details, photos, school info, and price history
DOWNTOWN TINLEY PARK REDEVELOPMENT OPPORTUNITY! Approximately 10,112 SF redevelopment site (158' 64') Located within Tinley Park's Downtown Legacy District - Downtown General (DG) subdistrict, this property offers significant redevelopment potential in an area specifically intended to transition existing properties toward higher-density residential uses. Under the DG redevelopment standards, permitted building types include MULTI-FAMILY and SINGLE-FAMILY ATTACHED, creating potential for a multi-unit residential building, townhomes/rowhomes or other qualifying development, subject to Village approval. The DG district requires a minimum two-story building height, with allowable maximum building height governed by the Legacy District regulating plan. Residential development requires one on-site parking space per dwelling unit. Existing improvements may also qualify under the Legacy Code's Heritage Site provisions when improvements remain below the applicable 50/50 market-value threshold. New detached single-family redevelopment is not identified as a permitted building type under the DG redevelopment standards. Buyer/developer to perform all due diligence with the Village of Tinley Park regarding permitted use, density, building height, setbacks, parking, access, utilities and development requirements.Property is being sold AS-IS. Buyer to perform all due diligence and verify zoning, density, permitted uses, elevator requirements, and redevelopment plans with the Village of Tinley Park.
Listing courtesy of Liz Ruiz, @properties Christies International Real Estate