Seller will consider offers contingent upon rezoning at Purchaser's sole cost and expense to RT4, RT4.5, RM5, B2-2 or B3-2. There is abundant precedence in immediate area and recent zoning changes on the block within that last 12 months. Records from 1940's indicate a past multi unit building. Adjacent 1322 available for purchase at $1,200,000 (sold separate or as package 2 pins) offers further opportunity to scale existing structure tandem 6 unit in combination with new build. Taxes are senior freeze. Deck structure encroaching onto 1318 lot is not required for 1322 Building as was set up based on sellers pseudo use of combined 1N and 1S units. All pond features, pavers, flower beds, pergola, etc.. would be stripped down and removed in the case of a lot development sale by seller. Currently functions as a peaceful urban oasis on 24' x 127.48' lot zoned RS3 and populated by mature pear and quince trees, koi pond ten-feet in diameter complete with fountain, established ornamental vines, vibrant perennials, fruiting trees, and shrubs, and dedicated raised beds
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For more information about 1318 W Ohio, Chicago, IL 60642 contact Corcoran Urban Real Estate.
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