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Front of lot from Iowa Street looking to the back

Front of lot from Iowa Street looking to the back

Front of lot from Iowa Street looking to the back

View of the lot from the back alley to Iowa Street

Intersection of Iowa and Austin

Looking down Iowa Street

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Description

Developer Alert: Prime RS-3 Zoned Lot at 5962 W Iowa, Chicago, Illinois. Unlock the potential of this 25' x 120' RS-3 zoned lot in Chicago's revitalizing Austin neighborhood. This offering includes professionally designed architectural plans valued at $20,000, crafted by the esteemed Rus Architects/Renderers, Inc. Led by Rus Blemker, a self-certified architect in Chicago with over 25 years of experience in custom residential design, these plans save you both time and money. Key Features include zoning flexibility: RS-3 zoning is tailored for single-family homes, but two-flats are permitted if the lot has at least 2,500 sq ft per dwelling unit. An exception allows for a reduced lot area per unit (1,500 sq ft) if 60% or more of the zoning lots on the same side of the street between the two nearest intersecting streets have been lawfully improved with buildings containing more than one dwelling unit. Top 5 Reasons Developers Are Investing in Austin: 1. City-Led Revitalization: Austin is a priority community under Chicago's INVEST South/West initiative, attracting significant public and private investment to spur economic growth. 2. Strategic Location: Proximity to major transportation corridors and public transit makes Austin highly accessible, appealing to both residents and businesses. 3. Affordable Entry Point: Compared to other Chicago neighborhoods, Austin offers more affordable land and property prices, providing higher potential returns on investment. 4. Community Engagement: Strong local organizations and community plans foster a collaborative environment for sustainable development, like Austin's quality of life plan called "Austin Forward. Together." 5. Growing Demand: With ongoing redevelopment projects and a focus on mixed-income housing, there's a rising demand for quality residential units in the area. Don't Miss Out! This isn't just a plot of land; it's an opportunity to be part of Austin's transformation. With included architectural plans and favorable zoning, you're set to make a meaningful impact. Act Now-opportunities like this are rare. Let's build the future of Austin together!

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MLS Number: 12373299

Listing Provided By: Thurston Gayle – (630) 261-5515 – thurston.gayle@bairdwarner.com

Baird & Warner – (708) 697-5900