Prime Development Opportunity in Chicago – 24 Vacant Land Parcels

Prime Development Opportunity in Chicago – 24 Vacant Land Parcels

Rental Property Investor · Remote · Member since 2015 · 15 posts · 3 votes

Discover a unique investment opportunity in the heart of Chicago! We are offering 24 vacant land parcels located in the prestigious Enclave at Galewood Crossings. These properties are perfect for residential development and are situated in a highly desirable neighborhood known for its serene environment and easy access to key amenities.

Property Highlights:

Location: Enclave at Galewood Crossings, Chicago, IL

Zoning: Planned Unit Development (PUD) with HOA

HOA Fee: $262/month (possible negotiation of holding expenses)

ARV: $450k - $500k per property

Development Cost: $300k - $350k per property

Potential Profit: $70k - $120k per property

Total Purchase Cost: $720,000 for all 24 parcels

Features:

Solid comps with a reliable $450k ARV

High demand for residential properties in the Enclave HOA

Potential for media coverage of development projects

Established community with ex-professional athletes

Contact Information:

For more details or to express interest, please send a message. Don’t miss out on this lucrative development opportunity!

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