Description
Here is your chance to build significant equity with this unique mixed-use commercial/residential property offering endless possibilities. The current owner has been in discussions with the Village regarding a proposed conversion to a 5-unit multifamily residential building, consisting of: Two 2-bedroom, 1-bath units. Two 1-bedroom, 1-bath units. One spacious 3-bedroom, 2-bath unit. The future owner has the flexibility to continue the conversion process and capitalize on the property's income potential or maintain its existing mixed-use configuration to suit their own business or investment goals. Whether you're a developer, investor, or entrepreneur looking for your next project, this property presents a rare opportunity to create substantial value and maximize returns in a growing market. Bring your vision and unlock the full potential of this exceptional investment. Attorney hired to appeal taxes.
Details
| MLS # | 12673103 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 100 |
| Listing Provided By | Leader Realty, Inc. | Pawel Czauderna |
Features
| Story(s) | 2 |
|---|---|
| Units | 5 |
| Acreage | 0.33 |
Exterior
| Construction Materials | Brick |
|---|
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 21476 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Lyons |
| Zip Code | 60534 |
| Area | Lyons |
| Listing VS Median (in 60534) | |
Price: $499,900 low | high Med: $299,000 On site: 100 low | high Med: 26 | |
Market Activity 60534
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Lyons |
| Zip Code | 60534 |
| Area | Lyons |
| Listing VS Median (in 60534) | |
Price: $499,900 low | high Med: $299,000 On site: 100 low | high Med: 26 | |
