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University Village Site - 1 Blk from New Costco
1401 W. 15th St., Chicago, IL 60608
$3,400,000 - $5,500,000
32,700 - 42,000 SF
75,000 SF
Land
Multifamily (land)
Commercial/ Other (land)
B3-3, 200 units
-
Find Out More...
Last Verified 11/5/2009
Listing ID 16304188
2 Lots Available
Lot 1
$3,400,000
42,000 SF
Multifamily (land)
3%
- 14 lots zoned PD/ B2-3 allowing up to 80' in height, 92 residential units and retail. Can be sold with adjacent 131,000 square foot timber warehouse.
Lot 2
$5,500,000
32,700 SF
Mid/High-Rise
3%
- 131,000 5-story timber warehouse. Originally built by Otis Elevator. The building is on the National Register of Historic Places and eligible for federal rehab. tax credits of 20% of costs. Zoned for 108 residential units. Plans available.
Highlights
42,000 square feet of vacant land- 131,000 landmark timber warehouse
- Perfect site for apartments targeted to UIC, Medical Schools and Hospital Staff
- Overlooks Addams Park
- Stunning views of loop
- Seller open to partial financing
Description
Lots zoned PD/B2-3 allowing up to 80' in height. Closed city alley not included in square footage, but sold with parcels via 99 year lease from City.
Perfect for student housing, self-storage or apartments.
Corner of Loomis and 15th Street in University Village. Near UIC and Hospitals.
Chicago's 2nd Costco is coming to site at Ashland and 15th, 1 west block of property.
Map of 1401 W. 15th St., Chicago, IL 60608 (Cook County)
Created 7/2/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.