Land for Sale: 1522 S Homan, Chicago, IL 60623

$49,999
$49,999
1522 S Homan, Chicago, IL 60623
$49,999
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Price:
$49,999

Type Lot/Land

City Chicago
County Cook
School District 299

MLS 12207232
Status Active
**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.

Room Features

Basement Description None

Lot & Building Features

Tax Year 2023
Lot Dimensions 25 X 125 ft

Community and Schools

Elementary School 299

Price History of 1522 Homan, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $49,999 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By


Photo of Sharon Biros Koerber
Direct: 708-987-0180
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by AMA Real Estate Services Inc, Antoinetta Adams
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1%
6.75%
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1522 Homan (MLS #12207232) is a lot/land listing located in Chicago, IL. This property was listed on 11/09/2024 and has been priced for sale at $49,999.

Nearby zip codes are 60608, 60612, 60616, 60624 and 60632.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: AMA Real Estate Services Inc