Auction 10/28: Multi-Family or Senior Housing Redevelopment Site
The Details
Auction October 28th
- 31,200 SF redevelopment site
- Currently improved with 60,000 SF four-story vintage building
- Across from Mt. Carmel High
- Potential to rehab and re-purpose as multi-family or senior living
- Potential for up to 78 units under current zoning
- Maxiumum FAR: 2.0
- Close to Jackson Park
- Convenient to 63rd St. Metra
- Part of Woodlawn TIF
- Zoning: RM-5
Across from the Mt. Carmel campus, a 31,200 square foot redevelopment site is available for sale. The property is currently improved with a 60,000 square foot four story vintage building. The property can potentially be rehabbed or repurposed as multi-family or as a senior living facility. Under the current zoning, the property can support up to 78 units.
Located just south of Washington Park, Woodlawn is a rapidly changing neighborhood on the south side of Chicago. This property is located a couple of blocks west of the Jackson Park and across the street from the Mount Carmel High School campus. The property is close to the 63rd St. Metra station and Stony Island.
* Please note, the Minimum Bid shown does not include the 5.0% Buyer's Premium
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