1347 W Taylor Street Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60607
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12297278
Annual Tax Amount $2,422
Tax Year 2022
Lot Dimensions 24.25X102.90
Property Sub-Type Land
Property Description
Prime B3-2 zoned lot in Little Italy measuring 24.25' x 102.90' (approx. 2,641 sq. ft.) offers incredible development potential for a mixed-use or residential project. B3-2 zoning allows for ground-floor commercial with residential above or a multi-unit residential building, with a 2.2 FAR permitting up to 5,810 sq. ft. of buildable space and a maximum height of 50 feet (typically 3-4 stories). The lot supports up to two residential units by right plus commercial on the ground, with potential for zoning relief or variances. Located in a thriving area near UIC, Rush Medical District, and public transit, this is a great opportunity for investors or developers looking to capitalize on a high-demand neighborhood. Buyer to verify all zoning and development possibilities. Listing photos are conceptual and meant to illustrate potential development possibilities. Buyers are advised to conduct their own market and zoning research.
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
Utilities Available Electric Nearby,Gas Nearby,Water Nearby
View Y/N true
Schools
School District 299,299,299
Others
Ownership Fee Simple
Special Listing Condition None