2044 Wesley Ave 1.22 Acres of Residential Land Offered at $1,985,000 in Evanston, IL 60201

Extraordinary opportunity to develop almost 2 acres in Evanston! This parcel is one of two parcels being sold along with 2017 Jackson which has already received zoning approval for a 24 unit apartment building. (see MLS number 12199414). The parcel at 2044 Wesley represents approximately 53,000 square feet of land zoned R4. The potential here is for 64 to 114 units in total with a 15% affordable requirement by inclusionary Housing Ordinance (IHO). Up to 55% building coverage is allowed; up to 70% lot coverage allowed with bonus. The height allowance of-right is 35 feet + 12 additional feet with bonus - making for 47 ft height allowance. Planned development required by the city of Evanston. Property is located in the West Evanston TIF. Situated just off the intersection of Greenbay Rd and Foster, this location is unmatched for renters! Drawing from Northwestern University, Northshore Hospital, Rotary International Headquarters, ZS Associates and many more. This location is a short walk to downtown Evanston and a 12 min walk to the Metra station. Surrounding attractions include Double Clutch brewery soul and smoke restaurant, Walgreens, Hecky's, Hills Artistic, a skate board park, bike paths and parks. Check "additional information" tab for additional documentation. Call for further details.