3649 West Armitage Avenue, Chicago, IL, 60647

3649 West Armitage Avenue Chicago, IL 60647

3649 West Armitage Avenue, Chicago, IL, 60647
3649 West Armitage Avenue, Chicago, IL, 60647
FOR SALE
Property Type:
Other Land
Amount:
$1,195,000
Last Verified:
Feb 28, 2024


Description

Jameson is pleased to present this opportunity to purchase a perfect piece of land for residential development. Sitting on a rectangular land site with 97 square feet of frontage along Armitage, with 130 feet of depth abutting a 16-foot public alley on the south, this land has immense opportunity. The lot size is approximately four city lots, containing a vacant single-story building of 2,600 square feet, along with a trailer.
The property is conveniently located on the western edge of Logan Square mid-block between Lawndale and Monticello Avenue. The property is within close proximity to the entrance of the well known 606 trail, and the recently renovated McCormick YMCA. Public transportation is available via the #73 Armitage bus, the Blue and Purple CTA lines, and the Clybourn/Armitage Metra stop. 3649 W Armitage is also a prime opportunity for a zoning change. Contact the listing agent for more information.

Prime Logan Square Neighborhood

Lot Size: 0.37 acres

Map of 3649 West Armitage Avenue, Chicago, IL, 60647

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.