LAND FOR MULTI FAMILY

Vacant Land for Sale
Catylist Listing ID: 29842046
Property Subtypes: Multi-Family
Gross Land Area: 1 Acre
Sale Price: $375,000
Unit Price: $375,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/14/2018

Overview / Comments

GREAT OPPORTUNITY FOR A DEVELOPER WITH VISION FOR THIS ONE ACRE LOCATED IN THE DOWNTOWN DISTRICT OF TINLEY PARK. WALKING DISTANCE TO TRAIN STATION, RESTAURANTS, SHOPS AND BUSINESSES. CLOSE TO CONVENTION CENTER, HOLLYWOOD CASINO AMPHITHEATRE & I-80. ZONED NEIGHBORHOOD GENERAL WHICH THE VILLAGE OF TINLEY PARK STATES IT ALLOWS FOR MULTI FAMILY AS ITS PRIMARY USE. TOWNHOMES, ROW HOUSES OR APARTMENTS ARE USES THAT THE VILLAGE WOULD SERIOUSLY CONSIDER. ALSO PART OF THE MAIN STREET NORTH TIF DISTRICT. OWNER HAS SOME PLANS THAT HE HAS AND IS WILLING TO SHARE WITH BUYERS. TINLEY PARK IS A GROWING TOWN WITH A STRONG LOCAL ECONOMY.

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Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Cook
Zoning: NG
Market Type: Medium
Property Located Between: 169th STREET & 171st STREET
Side of Street: West
Road Type: Paved, 2-Track
Property Visibility: Excellent
Largest Nearby Street: OAK PARK AVE.
Feet of Frontage: 120
Transportation: Bus, Rail, Highway
Highway Access: EASY ACCESS TO MAJOR HIGHWAYS.
Lot Frontage: 120
Lot Depth: 380
Zoning Description: ZONING ALLOWS FOR MULTI FAMILY INCLUDING APARTMENTS, TOWNHOMES AND POSSIBLY ROW HOUSES
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,302 103,351 253,215
Median Age: 39.19 40.31 40.06
Households: 6,129 39,119 92,664

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