$599,000
2650-2662 W Madison Street
Chicago, IL, 60612
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
Property Details
Price:
$599,000
MLS #:
MRD11183952
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
2650-2662 W Madison Street
Type:
Land
City:
Chicago
Listed Date:
Aug 9, 2021
State:
IL
ZIP:
60612
Schools
School District:
299
Interior
Cooling
None
Laundry Features
None
Exterior
Financial
Buyer Agent Compensation
2.5%-$495Net Sale Price
Tax Year
2021
Taxes
$1,638
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
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