Teardowns and developing residential lots

[Jim Viens]

I've got a lead in Kansas City I'm working on that has a very old house on a half-acre (6 platted lots). I looked at the house today and I'm thinking it would be best as a teardown (collapsing floor in an addition, sloping floors on main and second floor, leaning chimney, etc.). I'm not as familiar with this market so I'm looking for some advice on what residential lots northeast of 95th & Ward Parkway may run for in the builder market. I'm thinking it could easily be divided into two quarter-acre lots and one could build two new 1200 sq ft 2bd, 2ba houses on the lots. Any ideas?