3132 W Polk St, Chicago, IL, 60612

3132 W Polk St Chicago, IL 60612

3132 W Polk St, Chicago, IL, 60612
3132 W Polk St, Chicago, IL, 60612 3132 W Polk St, Chicago, IL, 60612
FOR SALE
Property Type:
Multifamily Land
Amount:
$29,000
Last Verified:
Nov 12, 2024

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Highlights

  • Versatile RT-4 zoning for multifamily or land development
  • Prime location within the vibrant Chicago area
  • Potential for high-demand residential units

Description

RT-4 zoned lot allowing up to 3 units. Easy access to I-290, Illinois Medical District, CTA Blue Line, and to Chicago's Business District. Priced to sell.

Discover the promising investment potential of the vibrant Chicago market surrounding this property. Situated among the diverse neighborhoods of Near West Side, investors can capitalize on the area's proximity to the Illinois Medical District, renowned for its major hospital institutions and potential for healthcare-related development. With easy access to the University of Illinois at Chicago, a thriving student population offers a strong rental market. Nearby cultural attractions, including the United Center and the bustling West Loop dining scene, add to the area's allure. Investors can tap into the energy of this dynamic urban environment, making it an enticing prospect for multifamily and land development opportunities.


Year Built: 2022
Lot Size: 0.07 acres


Documents

3132 W Polk | Sale OM

Map of 3132 W Polk St, Chicago, IL, 60612

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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.