1522 South Homan, Chicago IL 60623
$49,999

Property Description

**Prime Investment Opportunity: Vacant Multi-Family Lot** Seize the chance to own a vacant lot zoned for multi-family use in a rapidly developing area! Located next to the property at **1520 S Homan Ave**, this lot is perfectly positioned for investors or developers looking to capitalize on a unique bundled discount when purchased together with the neighboring building. **Why This Location?** The block and surrounding neighborhood are experiencing a dynamic transformation, with multiple rehab projects and new developments underway. These improvements are revitalizing the area, drawing in new families and investors alike, and establishing a vibrant community filled with promise and growth potential. **Key Benefits:** - **Zoning Advantage:** The multi-family zoning provides excellent flexibility for a variety of residential investment plans, maximizing your returns. - **Bundled Purchase:** Enjoy an exclusive discount when acquiring this lot along with 1520 S Homan Ave, allowing for expanded development options. - **Growing Neighborhood Appeal:** Renovations and enhancements on the same block and in nearby areas are attracting both young families and seasoned investors, paving the way for increased property values and long-term growth. This vacant lot is a blank canvas in a desirable, evolving area - the ideal foundation for a profitable multi-family project or can be used as expanding the yard when purchasing the building next door.

Features & Information

Key Details

  • List Price $49,999
  • Property Taxes $777.21
  • Lot Dimensions 25 X 125
  • Status Active

Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299

Location

  • General Information School Bus Service,Commuter Bus,Commuter Train
  • County Cook
  • Township West Chicago
  • Corporate Limits Chicago
  • Directions to Property 15th Street To Homan Ave Property Is On Right Side Of Street, South Side Of 1520 S Homan Ave
  • Property Taxes

  • Tax $777.21
  • Tax Year 2023
  • Tax Exemptions None
  • Parcel Identification Number 16232250300000

Listed by Antoinetta Adams for AMA Real Estate Services Inc | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/22/2024 8:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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