$49,999
1522 S Homan Avenue
Chicago, IL, 60623
**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
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
Map
Similar Listings Nearby
- 2457 W 46th Place
Chicago, IL$64,900
0.00 miles away
- 6828 S Stony Island Avenue
Chicago, IL$64,356
0.00 miles away
- 6205 S State Street
Chicago, IL$63,750
0.00 miles away
- 312 N Lotus Avenue
Chicago, IL$60,000
0.00 miles away
- 306 N Parkside Avenue
Chicago, IL$60,000
0.00 miles away
- 6631 S Fairfield Avenue
Chicago, IL$60,000
0.00 miles away
- 900 N Kingsbury Street #P-293-4
Chicago, IL$60,000
0.00 miles away
- 3712 W Douglas Boulevard
Chicago, IL$60,000
0.00 miles away
- 9417 S Burnside Avenue
Chicago, IL$60,000
0.00 miles away
- 2847 W Lexington Street
Chicago, IL$60,000
0.00 miles away
Courtesy of AMA Real Estate Services Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Chicago, IL. All rights reserved.
1522 S Homan Avenue
Chicago, IL
LIGHTBOX-IMAGES