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5428 N Winthrop AVE Chicago, IL 60640
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Key Details
Sold Price $1,110,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Edgewater Beach
MLS Listing ID 12196627
Sold Date 12/05/24
Annual Tax Amount $17,203
Tax Year 2022
Lot Dimensions 7500
Property Description
Build on this rarely available 50' x 150' RM-5 zoned 7500 sq. ft. lot steps to Andersonville, Lakewood Balmoral, Bryn Mawr Historic District, Lake, Park, CTA. Zoning allows up to 18 units with max 15,000 SF building area with ZERO parking spaces & 18 bike spaces. Two doors south at 5416 Winthrop is a newly built 8 unit rental property with 2bed/2bath units getting 3.5K per mo. on only a 35' lot! BUILD 11 to 12 2bed/2baths @ 3.5K per mo. on this BIG LOT with 42K monthly rent or 504K in annual rental income!! Or build 7 condos in this GREAT LOCATION TWO BLOCKS EAST OF ANDERSONVILLE/LAKEWOOD BALMORAL with a total buildout value of 4.3M!! Identical lot developed into 7 condos that just SOLD OUT at 4932 N. Kenmore.
Location
State IL
County Cook
Area Chi - Edgewater
Interior
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Marta Petrushchak • @properties Christie's International Real Estate
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