Updated over 1 year ago on .
Prime Development Opportunity in Chicago – 24 Vacant Land Parcels
Discover a unique investment opportunity in the heart of Chicago! We are offering 24 vacant land parcels located in the prestigious Enclave at Galewood Crossings. These properties are perfect for residential development and are situated in a highly desirable neighborhood known for its serene environment and easy access to key amenities.
Property Highlights:
Location: Enclave at Galewood Crossings, Chicago, IL
Zoning: Planned Unit Development (PUD) with HOA
HOA Fee: $262/month (possible negotiation of holding expenses)
ARV: $450k - $500k per property
Development Cost: $300k - $350k per property
Potential Profit: $70k - $120k per property
Total Purchase Cost: $720,000 for all 24 parcels
Features:
Solid comps with a reliable $450k ARV
High demand for residential properties in the Enclave HOA
Potential for media coverage of development projects
Established community with ex-professional athletes
Contact Information:
For more details or to express interest, please send a message. Don’t miss out on this lucrative development opportunity!