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2251 Troy St - Troy 0.14 Acres of Residential Land Offered at $250,000 in Chicago, IL 60623
INVESTMENT HIGHLIGHTS
- Huge lot and building
EXECUTIVE SUMMARY
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $250,000 | Lot Size | 0.14 AC |
| Price Per AC | $1,726,376.27 |
| Price | $250,000 |
| Price Per AC | $1,726,376.27 |
| Lot Size | 0.14 AC |
Huge lot with RT4 zoning on 6300 sq ft lot. Existing building needs work and is 9800 sq ft. 50 ft of frontage on Troy a 8' wide side drive . Building is dry no water or sewer. Gas and electric is good condition. Up and coming area.
DESCRIPTION
Prime development opportunity with RT4 zoning. Lot is 6300 sq ft building is 9800 sq ft. Approx 50 X 126 per floor. Originally built as a wood working shop, it has recently been used as an artist's work/live space with high ceilings up to 15'. Property is being sold AS IS. The building needs to be completely gut rehabbed,including leveling and pouring new concrete on the first floor, providing new sewer and water to the building from the street, and replacing all the siding and windows, has a 400 AMP electrical service and a 10' side driveway. The second floor has two additional studio spaces as well as a living space. 1 block from Cermak Road and the 21 Cermak bus and 3/4ths of a mile to the Pink Line (California / Cermak).
PROPERTY TAXES
| Parcel Number | 16-25-101-044-0000 | Improvements Assessment | $80,175 |
| Land Assessment | $20,501 | Total Assessment | $100,676 |
PROPERTY TAXES
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2251 Troy St - Troy
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