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9522 S 53rd Avenue, Oak Lawn, IL 60453

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For Sale
Sale Pending

$195,000

0.22 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Vacant Land
    Property type

  • 0.2 acres
    Lot size

Explore this Property

Rare Land Available For Multifamily Use in Inner Southwest Suburbs. Zoned R-3 For Multi Family. Many Options Work Here. This Can Be A Large 9 Unit Apartment Or Condo Building (With A Parking Variance). This Lot Also Can Be Two 2-4 Unit Buildings. Also, One Can Build 6 Townhouses. 6 Units With 12 Parking Spaces Is Allowed Now. Maybe A Possible Group Home? This Prime Parcel Is Located in The Heart Of The Village Of Oak Lawn's Downtown & Historic Area. Walk To The Metra, 95Th St. Bus, Small Shops & Stores, Restaurants, Library and The New Pete's Market Coming Soon. Easily 6-9 Units Can Be Placed On The Property (Depends On The Square Footage Of Each Unit). Current Code Is 2 Spots Per Unit But Plenty Near Here Have Had Variances. There Is Both Street and Alley Access To The Lot To Maximize Parking Versatility. This Is An Awesome Location! Lot Size Is 75' X 123.27'. Seller Has Plans For A State-Of-The-Art New Apartment Building. Close To Lakeshore Park. Zoning Allows 9 Units But Need A Parking Variance If 7+, But Others Nearby Have Had Variances. This Can Be A Project That All The Southwest Talks About! The Seller Has A 2Nd Multi Family Parcel in Town Available As Well (9424 S. Kolmar) That Can Package Together
MLS# 11857410

Courtesy Of Coldwell Banker Oak Lawn

(708) 424-4000

Property Features

  • Lot Size
    0.22 Acres
  • Style
    Other Style

Map and Directions

Directions to 9522 S 53rd Avenue, Oak Lawn, IL 60453

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(708) 424-1199
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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