SHORT SALE INCREDIBLE VALUE 12,040 LOT FOR DEVELOPMENT ALERT. FORMER 8084 SF SINGLE FAMILY, BUILT IN 1931 WAS FORMERLY NORTH SHORE REST HAVEN & BECAME A LICENSED DAYCARE IN 1979 AND CURRENTLY OPERATES AS SUCH. PROPERTY IS SUITABLE FOR CURRENT USE AS A DAYCARE OR REHAB TO DESIRED USE. POTENTIAL USES INCLUDE COMMUNITY CENTER, SCHOOL, APARTMENT UNITS, HEALTH CARE, NURSING/CONVALESCENT HOME, RELIGIOUS GATHERING PLACE, OFFICE USE, SINGLE FAMILY DEVELOPMENT, CONDO/TOWNHOME DEVELOPMENT, HOLD FOR INVESTMENT, HOLD FOR DEVELOPMENT OR DE-CONVERT TO AN INCREDIBLE GRAND HOME. THIS LOT IS 12,040SF, 150 X 85 X 179 X 164, .27 ACRE & ZONED RT-4 ALLOWS FOR 10 TOWNHOMES, OR 25 SMALLER UNITS WITH A ZONING CHANGE TO D1-3. DUE TO THE LOCATION & PROXIMITY TO CTA/TRANSIT, YOU MAY BE ALLOWED A PARKING REDUCTION. TAXES PRORATED AT 100%. 3 MINUTES WALK TO HOWARD ST. CTA REDLINE STOP. THIS IS A SHORT SALE, HOWEVER AN APPROVAL CAN BE OBTAINED IN 7 DAYS APPROVAL TURNAROUND TIME / SHOWINGS AFTER 6PM ONLY OR WEEKENDS / DO NOT DISTURB ONGOING DAYCARE BUSINESS OPERATIONS / AS-IS & WHERE-IS SALE / SELLER WILL NOT UNDERTAKE ZONING CHANGES (PRICED ACCORDINGLY) / LENDER MAY RE-WRITE FINANCING FOR THE RIGHT BUYER / POSSIBILITY FOR OWNER TO RENT BACK. (NEITHER AGENT NOR SELLER REPRESENT SUITABILITY OR LEGALITY OF PROPERTY USES) WON'T LAST LONG!
Off market
$700,000
7428 N Rogers Ave, Chicago, IL 60626
2beds
0baths
0.27Acres
VacantLand
Built in 1932
0.27 Acres Lot
$-- Zestimate®
$87/sqft
$1,474 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 0
Heating
- Electric, Gas
Cooling
- None
Features
- Basement: Unfinished
Interior area
- Total interior livable area: 8,084 sqft
Property
Features
- Exterior features: Other
Lot
- Size: 0.27 Acres
Details
- Parcel number: 1130411019
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Additional Sales Information: List Broker Must Accompany, Short Sale, Pre-Foreclosure
- Property Address On IDX? (Y/N): Yes
- Compensation paid on: Net Sale Price
- Frontage/Access: City Street
- Holds Earnest Money: Yes
- Other Information: School Bus Service, Commuter Bus, Commuter Train
- Internet Listing: Yes
- Listing Type: Exclusive Right To Sell
- Market Code: Active
- Ownership: Fee Simple
- Possession: Closing, Negotiable
- Remarks On IDX? (Y/N): Yes
- Road Surface: Asphalt
- State: Illinois
- Street Suffix: Avenue
- Property Type: Land
- Utilities To Site: Electric to Site, Gas to Site, Sanitary Sewer to Site, Water to Site
- Potential Use: Residential-Single Family, Residential-Multi-Family, Commercial, Condominium, Retail, Non Conforming, Legal Non Conforming
- Building(s) on Land: Yes
- County: Cook
- Continue to Show?: Yes
- Compass Point: North
- Contingency Flag: Attorney/Inspection
- VOW AVM (Y/N): Y
- Status: Contingent
- VOW Comments/Reviews (Y/N): Y
- Sale Terms: Conventional, Rewrite/Blend
- Backup Info: Aerial Map
- Lot Size: .25-.49 Acre
- Land Amenities: Curbs and Gutters, Sidewalks, Children's Play Yard
- Location: Mixed Use Area, Park Adjacent
- Special Compensation Info.: Variable, Short Sale
- Seller Needs: Cash, Cash and Paper, Debt Relief
- Current Use: Commercial
- Land Description: Irregular
- Basement: Cellar
- Ownership Type: Corporation
- Known Existing Liens: First Mortgage
- Bldg Improvements: Bldg/s No House
- Area: CHI - Rogers Park
- Heat/Fuel: Hot Water/Steam
- Air Conditioning: 3+ (Window/Wall Unit)
- Ownership: Fee Simple
- Ownership type: Corporation