Oak Lawn, IL 60453,9522 S 53rd AVE
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Oak Lawn, IL 60453,9522 S 53rd AVE
Oak Lawn, IL 60453,9522 S 53rd AVE
Oak Lawn, IL 60453,9522 S 53rd AVE
Oak Lawn, IL 60453,9522 S 53rd AVE

$163,500

Est. payment /mo

$195,000

16.2%
Est.Price: ?

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9522 S 53rd AVE Oak Lawn, IL 60453

9,583 Sqft Lot

SOLD DATE : 09/06/2024

Key Details

Sold Price $163,500

Property Type Vacant Land

Sub Type Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11857410

Sold Date 09/06/24

Annual Tax Amount $1,692

Tax Year 2023

Lot Size 9,583 Sqft

Lot Dimensions 75 X 123.27

Property Description

RARE LAND AVAILABLE FOR MULTIFAMILY USE IN INNER SOUTHWEST SUBURBS. ZONED R-3 FOR MULTI FAMILY. MANY OPTIONS WORK HERE. THIS CAN BE A LARGE 9 UNIT APARTMENT OR CONDO BUILDING (WITH A PARKING VARIANCE). THIS LOT ALSO CAN BE TWO 2-4 UNIT BUILDINGS. ALSO, ONE CAN BUILD 6 TOWNHOUSES. 6 UNITS WITH 12 PARKING SPACES IS ALLOWED NOW. MAYBE A POSSIBLE GROUP HOME? THIS PRIME PARCEL IS LOCATED IN THE HEART OF THE VILLAGE OF OAK LAWN'S DOWNTOWN & HISTORIC AREA. WALK TO THE METRA, 95TH ST. BUS, SMALL SHOPS & STORES, RESTAURANTS, LIBRARY AND THE NEW PETE'S MARKET COMING SOON. EASILY 6-9 UNITS CAN BE PLACED ON THE PROPERTY (DEPENDS ON THE SQUARE FOOTAGE OF EACH UNIT). CURRENT CODE IS 2 SPOTS PER UNIT BUT PLENTY NEAR HERE HAVE HAD VARIANCES. THERE IS BOTH STREET AND ALLEY ACCESS TO THE LOT TO MAXIMIZE PARKING VERSATILITY. THIS IS AN AWESOME LOCATION! LOT SIZE IS 75' X 123.27'. SELLER HAS PLANS FOR A STATE-OF-THE-ART NEW APARTMENT BUILDING. CLOSE TO LAKESHORE PARK. ZONING ALLOWS 9 UNITS BUT NEED A PARKING VARIANCE IF 7+, BUT OTHERS NEARBY HAVE HAD VARIANCES. THIS CAN BE A PROJECT THAT ALL THE SOUTHWEST TALKS ABOUT!

Location

State IL

County Cook

Area Oak Lawn

Zoning MULTI

Interior

Fireplace N

Exterior

Utilities Available Electric Nearby, Gas Nearby, Sanitary Sewer, Water Nearby, Water to Site

Schools

Elementary Schools Sward Elementary School

Middle Schools Oak Lawn-Hometown Middle School

High Schools Oak Lawn Comm High School

School District 123 , 123, 229

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by John Nugent • Coldwell Banker Realty
Bought with Mary Huska • United Real Estate - Chicago
agent

Phi Group

group

+1(224) 633-2001

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