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1931-33 S Jefferson Street,  Chicago IL, 60616

(Active)
$425,000
|
|
MLS# 12003895
Last Updated: 5/20/2024 11:34 PM
Description for 1931-33 S Jefferson Street Chicago, IL 60616
Scheduled for Online Auction. Pre-Auction Offers Highly Encouraged! Construction opportunity for six apartments or condos; six retail units; or a mixed used development in hot East Pilsen area. The two lots are located at 1931 and 1933 South Jefferson Street in close proximity to 88 Marketplace, Chinatown, I-90 (18th street on-ramp), UIC, the "78" (future location of new White Sox Stadium), Roosevelt Street shops - Southgate Market (Whole Foods), Jewel - Osco, Home Depot and much more. There is an alley in the rear. TIF district pending. The property taxes reflect a former two flat on the property which has now been torn down. The tax appeal is in process for the 1933 South Jefferson lot (1931 South Jefferson lot is already assessed as a vacant lot). The 1933 South Jefferson Street lot was reassessed as vacant land in 2023. The 2023 taxes will reflect this. Taxes currently shown are 2022. **Buyer pays 6% buyer's premium in addition to bid price. Minimum bid/published reserve price for online auction is $425,000.
Price
$425,000
East Pilsen
Cook
12003895
Active
Description
Scheduled for Online Auction. Pre-Auction Offers Highly Encouraged! Construction opportunity for six apartments or condos; six retail units; or a mixed used development in hot East Pilsen area. The two lots are located at 1931 and 1933 South Jefferson Street in close proximity to 88 Marketplace, Chinatown, I-90 (18th street on-ramp), UIC, the "78" (future location of new White Sox Stadium), Roosevelt Street shops - Southgate Market (Whole Foods), Jewel - Osco, Home Depot and much more. There is an alley in the rear. TIF district pending. The property taxes reflect a former two flat on the property which has now been torn down. The tax appeal is in process for the 1933 South Jefferson lot (1931 South Jefferson lot is already assessed as a vacant lot). The 1933 South Jefferson Street lot was reassessed as vacant land in 2023. The 2023 taxes will reflect this. Taxes currently shown are 2022. **Buyer pays 6% buyer's premium in addition to bid price. Minimum bid/published reserve price for online auction is $425,000.
Listing Information
Property Type: Land, Other
Commercial, Multi-Family, Retail, Other
West Chicago//
East Pilsen
Public
Multi-Family
Neighborhood
Room Information
Exterior / Lot Features
50 X100
Front - 50
MULTI
Level
Driving Directions
18th Street to Jefferson South
Financial Considerations
17213240290000
$8,935
Listing Price History

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60616 has a population of 2,781,445.

The median household income in Chicago, Illinois 60616 is $57,869. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Chicago 60616 is 38 years.

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Courtesy: AW Properties Global/Auction Works
Listings courtesy of MRED as distributed by MLS GRID

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