Address
2650-2662 W Madison Street, Chicago, IL
Price
$ 599,000
Property Attributes
  • MLS#11183952
  • TypeLand
  • CountyCOOK
  • CityChicago
  • AreaCHI - East Garfield Park
  • Zip60612
  • StyleMulti-Family
  • Taxes$ 1637
  • Price$ 599,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.28 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

100 feet of frontage on Madison. Lot Total dimensions are 100 by 125. Quick Zoning Metrics: 31 dwelling units or 25 dwelling units + 8 studios. 37,500 Buildable SF. 65' height with ground floor commercial. 60' height with no ground floor commercial. You need a special use for ground-floor residential. The property qualifies for TOD bonuses but you need to do a zoning amendment to obtain them (and thus trigger affordable). Under a TOD rezoning, you can get: 41 dwelling units or 33 dwelling units + 12 studios. 50,000 Buildable SF. 75' with ground floor commercial. 70' with no ground floor commercial

Price History
8/9/2021 Listed $599,000

General Features

Cooling None
Utilities Electric to Site,Gas to Site,Sanitary Sewer,Sewer-Storm Available,Water-Municipal,Water to Site
Possession Closing
Zoning MULTI
Township West Chicago
Tax Year 2021
Current Use Multi-Family
Percent Ownership Fee Simple
County Cook
Property Type Land
Status Active
Directions WEST OF WESTERN/EAST OF CALIFORNIA
City Chicago
High School District 299
MLS Area CHI - East Garfield Park
Waterfront Y/N No
Street Name Madison
Tax Annual Amount 1637.9
Days on Market 1014
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Property Type Land

Interior Features

Street Suffix Street
Laundry Features None
Basement None

Exterior Features

Lot Dimensions 100 X 125
Lot Size Acres 0.28
Road Surface Type Asphalt
Frontage Length 100
Frontage Type City Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 60612

Price
AVG $270K
$600K
Taxes
AVG $2,095
$1,637
Visits
AVG 162
466
Data Provided by Inside Real Estate®
Walkscore
AVG 72
73
Data Provided by Walkscore® not using MLS data