1522 S Homan Avenue
Chicago, IL, 60623
$49,999
Beds
0 Baths
0 SqFt
0 Acres
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$49,999
1522 S Homan Avenue
Chicago, IL, 60623
MLS #MRD12207232 img 0MLS #MRD12207232 img 1MLS #MRD12207232 img 2
**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.

Property Details

Price:
$49,999
MLS #:
MRD12207232
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
1522 S Homan Avenue
Type:
Land
Neighborhood:
CHI – North Lawndale
City:
Chicago
Listed Date:
Nov 9, 2024
State:
IL
ZIP:
60623

Schools

School District:
299

Interior

Laundry Features
None

Exterior

Financial

Tax Year
2023
Taxes
$777
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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1522 S Homan Avenue
Chicago, IL