LAND FOR MULTI FAMILY

Vacant Land for Sale
Catylist Listing ID: 29842046
Property Subtypes: Multi-Family
Gross Land Area: 1 Acre
Sale Price: $299,000
Unit Price: $299,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/25/2020

Overview / Comments

GREAT OPPORTUNITY FOR DEVELOPER WITH VISION FOR THIS ONE ACRE LOCATED IN DOWNTOWN DISTRICT OF TINLEY PARK. CURRENT BUILDING IS A TEAR DOWN. 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. ROW HOUSES, MIXED USE OR APARTMENTS ARE USES THAT THE VILLAGE WOULD SERIOUSLY CONSIDER. ALSO PART OF THE MAIN STREET NORTH TIF DISTRICT. THE ADJACENT MIXED USE PROPERTY TO NORTH IS FOR SALE IF YOU WANT A BIGGER PARCEL.

Attachments & Media

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $15,929 (Annual)

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Cook
Submarket Type: Central Business District
Tax ID/APN: 28301110230000
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 AND CONDOS
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,302 105,161 253,215
Median Age: 39.19 40.34 40.06
Households: 6,129 39,819 92,664

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