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2010 E Euclid Ave 0.48 Acres of Residential Land Offered at $240,000 in Mount Prospect, IL 60056
Executive Summary
LOOKING FOR A MULTI FAMILY DEVELOPER
It is currently a double residential lot but adjacent and across from commercially zoned property. The client picked it up in a bankruptcy proceeding and just wants to get his money out of it. We think that a zoning change is quite realistic. Get Mt. Prospect to approve a change in zoning and the site's value jumps way up!
There is currently a small (rented) house on the extreme east side of the site that could be perfect as administrative housing during construction. Initially there is a small cash flow from a renter.
Mt Prospect is a dynamic community with over 54,000 people and a low unemployment rate of 4.3%. The bulk of the multi family housing in the area is south of the Northwest highway. This is north and east where there is a scarcity of this type housing.
Potential for commercial zoning.
It is currently a double residential lot but adjacent and across from commercially zoned property. The client picked it up in a bankruptcy proceeding and just wants to get his money out of it. We think that a zoning change is quite realistic. Get Mt. Prospect to approve a change in zoning and the site's value jumps way up!
There is currently a small (rented) house on the extreme east side of the site that could be perfect as administrative housing during construction. Initially there is a small cash flow from a renter.
Mt Prospect is a dynamic community with over 54,000 people and a low unemployment rate of 4.3%. The bulk of the multi family housing in the area is south of the Northwest highway. This is north and east where there is a scarcity of this type housing.
Potential for commercial zoning.
Property Facts
1 Lot Available
Lot
| Price | $240,000 | Lot Size | 0.48 AC |
| Price Per AC | $500,000.00 |
| Price | $240,000 |
| Price Per AC | $500,000.00 |
| Lot Size | 0.48 AC |
DOUBLE LOT
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03-25-201-005-0000 | Improvements Assessment | $16,014 |
| Land Assessment | $17,986 | Total Assessment | $34,000 |
Property Taxes
Parcel Number
03-25-201-005-0000
Land Assessment
$17,986
Improvements Assessment
$16,014
Total Assessment
$34,000
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2010 E Euclid Ave
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