2729 W Lawrence Avenue
Chicago, IL, 60625
$1,687,500
0 Beds
0 Baths
0 SqFt
0 Acres
$1,687,500
2729 W Lawrence Avenue
Chicago, IL, 60625
Developer’s dream! TOD qualified – 4 contiguous lots available for development in prime Lincoln Square location! 12,500 sq ft with B1-2 zoning! 6 min walk to Rockwell Brown line, 10 minute walk to Western brown line and downtown Lincoln Square, 10 min bus ride to Ravenswood Metra stop, 5 min walk to North Branch River trail with biking/jogging for miles and parks, trees and playgrounds abound! Ability to build 12 units with current zoning or up-zone for ability to build 31 units or more depending on percentage of affordable units! Lots of precedence for up-zoning in the area. Alderman has had plenty of experience with developers! Taxes just got reduced by $5,000 / year via a successful appeal and locked in for 10 years! 2020 total taxes were $40,699.46 and newly appealed taxes are apprx $35,000. PIN numbers 13-13-200-012, 13-13-200-013 (double lot) & 13-13-200-014. Current use is a single story mini mall with two restaurants that is 50% occupied. Building expenses are only taxes and insurance. Tenants pay all building utilities including water.

Property Details

Price:
$1,687,500
MLS #:
MRD11673882
Status:
Active
Beds:
0
Baths:
0.00
Address:
2729 W Lawrence Avenue
Type:
Land
City:
Chicago
Listed Date:
Nov 15, 2022
State:
IL
ZIP:
60625

Schools

School District:
299

Interior

Cooling
Other
Heating
Natural Gas
Laundry Features
None

Exterior

Financial

Buyer Agent Compensation
2%
Tax Year
2020
Taxes
$40,699
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Debra Dobbs is one of Chicago’s top realtors with more than 38 years in the real estate business.

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2729 W Lawrence Avenue
Chicago, IL