Great opportunity for vacant landscaped lot (25x125) plus 3 story, 3 unit greystone in sought after Graceland West, located at the quiet end of the Southport corridor. Hardwood floors, robust wood trim throughout and 2 fireplaces compliment 10 foot ceilings. Endless sunlight with three exposures. Open back porches overlook an English garden. Enjoyed by family for 37 years with updated owners unit and 2 rentals. New steam boiler and hot water tank. Newer roomy 2 car garage (2008). A zoning change to R4 was requested to promote the lot for multi-unit development. The alderman's Zoning Advisory Committee awaits a plan. With 7 units, a project could qualify for the city's new affordable housing incentive, reducing the assessed value on a sliding scale for 30 years. Or convert to a 3,000+ sq ft single family with the ability to add additional living space while retaining an ample yard. Agent owned.
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For more information about 1408 W Cuyler, Chicago, IL 60613 contact Corcoran Urban Real Estate.
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