5428 N Winthrop Ave Chicago, IL

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N Winthrop Ave, Chicago, Plot For Sale

Price: $1,199,000
Address: 5428 N Winthrop Ave
City: Chicago
State: IL
Zip:
Amenities: Parking
Bathrooms: 2
Bedrooms: 2
Condition: Resale
Fee: No
Provided By: RealtyWW

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 and 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.For more details: https://realtyww.info/land-lots_chicago-d523258/for-sale_i77319984

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