This listing is of a 20,173 SF rectangular parcel with 55' of frontage and 385' of depth and currently improved with a 982 SF, three-bedroom/1-bath single-family residence built in 1953. This house is rented for $1,875 per month. There are plans for this parcel to be redeveloped with 6 units, although it may be possible to build as many as 12 units (buyer to check with city). The house on the site is rented so there is cash-flow from the existing house to off-set carrying costs while a new development is in the design and entitlement stages. Buyer to consult with the City of Cudahy Planning and Building Department regarding the potential uses of this site.Please do not contact tenant. Contact listing agent for full details.
This property can be purchased with the adjacent site (5306 Live Oak Street) for a site totaling approximately 40,353 SF. This listing is of a 20,173 SF rectangular parcel with 55' of frontage and 385' of depth and currently improved with a 982 SF, three-bedroom/1-bath single-family residence built in 1953. This house is rented for $1,875 per month. There are plans for this parcel to be redeveloped with 6 units, although it may be possible to build as many as 12 units (buyer to check with city). The adjacent site, currently on the market as a separate listing (5306 Live Oak Street) is a 20,180 SF rectangular parcel with 50' of frontage and 385' of depth and currently improved with a 2,444 square foot 2-story, 4-bedroom/3-bath single-family residence with basement built in 1968, and a 1-story 5-unit housing complex containing five 2-bedroom/1-bath units, all built between 1961 and 1965. Both sites together offers an investor the opportunity to add value to the existing units and add additional units, or raze all the buildings and redevelop the entire site. In either case, there is cash-flow from the existing apartments to off-set carrying costs while a new development is in the design and entitlement stages. Buyer to consult with the City of Cudahy Planning and Building Department regarding the potential uses of the site. Please do not contact the tenants. Contact the listing agent for additional information.
