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Archived about 3 years ago

$150,000

rooms 1 ba 19548 sqft

5650 W 56th Street, Chicago, IL 60638

Other

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Vacant Land Ready for your Development!!

Massive, oversized Chicago lot available for you to build your dream home! Zoned R2, this 54'x362' lot is ready for all of your design ideas. Single family home on a similar lot size directly across the street. See how that homeowner created a large home and backyard oasis - you can do the same! If you don't want a single family home, the seller has drawings for townhome units. You can turn this vacant lot into a development and make a great return! This patch of land is truly a rare find. You have to see it to believe it! Seller will review all offers!

Location:

5650 W 56th Street, Chicago, IL 60638

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.