Redevelopment Land Opportunity

1933 N Harlem Ave Chicago, IL

1933 N Harlem Ave, Chicago, IL
1933 N Harlem Ave, Chicago, IL 1933 N Harlem Ave, Chicago, IL 1933 N Harlem Ave, Chicago, IL
FOR SALE
Property Type:
Commercial Land Development
Amount:
$1,000,000 to $1,100,000
Last Verified:
Mar 22, 2019

150 feet of frontage on Harlem Ave by 197 feet deep, this lot is 0.68 acres. Former McDonalds, building has been vacant for 6+ years. Just off corner of Harlem Ave and Armitage Ave in a heavily commercial area. Two curb cuts and alley access. Contact broker for survey and more details. 


Map of 1933 N Harlem Ave, Chicago, IL

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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.