$500,000
$599,000
16.5%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 07/26/2024
Key Details
Sold Price $500,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11183952
Sold Date 07/26/24
Annual Tax Amount $1,637
Tax Year 2021
Lot Size 0.280 Acres
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
Interior
Cooling None
Fireplace N
Laundry None
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Sewer-Storm Available, Water-Municipal, Water to Site
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Ryan Grober • Jameson Sotheby's Intl Realty