Attention Developers and Investors: House (sold as-is) is on one lot and vacant land on adjacent lot. Value is in the land and probability of rezoning from R1 to R3 for multi-family development. Both lots, to be sold together, create a rectangular 1.34 acres in a prime location on Touhy Ave. City of DesPlaines expressing interest in multi-unit residential properties, e.g., 9-unit townhouse development or 18-unit multi-family development within R3 guidelines. Lot #1 (09-33-101-012) has a farm house, 1-car detached garage with an apartment and carport and an additional shed. All structures are included in as-is condition. House and garage have utilities of water, septic, electricity and gas. House has 11 rooms: LivRm, Ktchn and 3 bedrooms on each of two floors. Main level also has a heated enclosed porch used as a Den. Lot #2 (09-33-101-018) is vacant land. The walnut tree on Lot #2 is excluded from the sale. An appointment must be made with the listing agent or Showing Time to walk the land or access the structures.
Listing Courtesy of Midwest Real Estate Data / Coldwell Banker Realty / Linda Barbera-Stein
$950,000 (USD)
Des Plaines Area Land
Active
1939 E Touhy Avenue Des Plaines, IL 60018
Bed
0 Baths
sqft
MLS# 12529469
Attention Developers and Investors. Opportunity to rezone, from R1 to R3, 1.34 acres in prime location on Touhy Ave. City of DesPlaines expressing interest in multi-unit residential properties, such as a 9-unit townhouse development or an 18-unit multi-family development, within R3 guidelines. Property, currently zoned R1, includes two adjacent lots creating together a rectangular 1.34 acres. Lot #1 (09-33-101-012) has a farm house, 1-car detached garage with an apartment and carport and an additional shed. All structures are included in as-is condition. House and garage have utilities of water, septic, electricity and gas. Lot #2 (09-33-101-018) is vacant land. The lots are being sold together. The walnut tree is excluded from the sale. An appointment must be made with the listing agent or Showing Time to walk the land or access the structures.
Listing Courtesy of Midwest Real Estate Data / Coldwell Banker Realty / Linda Barbera-Stein