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- LoopNet Team
1330 E Hyde Park Blvd
Chicago, IL 60615
Land For Sale
·
0.27 AC
PROPERTY FACTS
| Property Type | Land | Proposed Use | |
| Property Subtype | Residential | Total Lot Size | 0.27 AC |
| Zoning | RM5 - RM5 zoning allows for multi-unit residential, townhomes, 2-flats, and detached single family homes. | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.27 AC |
| Zoning | RM5 - RM5 zoning allows for multi-unit residential, townhomes, 2-flats, and detached single family homes. |
DESCRIPTION
33 Realty is pleased to bring to market a rare opportunity to develop a 11,900 SF parcel of land in the highly desirable Hyde Park neighborhood. The site's current zoning is RM-5 and allows a four story building as of right. The property is just 1 mile north of the highly regarded University of Chicago. The current zoning has a floor area ratio (FAR) of 2 and the minimum lot area (MLA) is 400 SF which allows 29 units to be built as of right. However, parking for these units will need to be included in the new building or through a reduction in the parking requirement by a Transit Oriented Development approval. We anticipate that a buyer will construct a multi-family building and have included rental comps for studios, one bedrooms, two bedrooms, and three bedrooms both for new construction and vintage buildings in the neighborhood.
PROPERTY TAXES
| Parcel Number | 20-11-212-083-0000 | Improvements Assessment | $424 |
| Land Assessment | $107,818 | Total Assessment | $108,242 |
PROPERTY TAXES
