**Prime Investment Opportunity: Vacant Multi-Family Lot** Seize the chance to own a vacant lot zoned for multi-family use in a rapidly developing area! Located next to the property at **1520 S Homan Ave**, this lot is perfectly positioned for investors or developers looking to capitalize on a unique bundled discount when purchased together with the neighboring building. **Why This Location?** The block and surrounding neighborhood are experiencing a dynamic transformation, with multiple rehab projects and new developments underway. These improvements are revitalizing the area, drawing in new families and investors alike, and establishing a vibrant community filled with promise and growth potential. **Key Benefits:** - **Zoning Advantage:** The multi-family zoning provides excellent flexibility for a variety of residential investment plans, maximizing your returns. - **Bundled Purchase:** Enjoy an exclusive discount when acquiring this lot along with 1520 S Homan Ave, allowing for expanded development options. - **Growing Neighborhood Appeal:** Renovations and enhancements on the same block and in nearby areas are attracting both young families and seasoned investors, paving the way for increased property values and long-term growth. This vacant lot is a blank canvas in a desirable, evolving area - the ideal foundation for a profitable multi-family project or can be used as expanding the yard when purchasing the building next door.
Property Details
Property Features
Listing Office:
Office Name: AMA Real Estate Services Inc
Office Phone: (773) 896-6118
Listing Agent: Antoinetta Adams
Other
Directions Information:
Directions: 15TH Street TO HOMAN AVE PROPERTY IS ON RIGHT SIDE OF STREET, South side of 1520 S Homan Ave
Price Information
Listing Price Info
Price Summary:
List Price: $49,999
Tax Information:
Annual Amount: $740
Tax Year: 2019
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Housing Market Comparison
See how this home compares to others in Chicago, IL.
This property is $313.9K less than the Median Sold Price in Chicago, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MRED
MLS Number: #12207232
Listing Office:
Office Name: AMA Real Estate Services Inc
Office Phone: (773) 896-6118
Listing Agent: Antoinetta Adams
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Cardenas Elementary School
2345 S Millard Ave
Distance between this listing and this school0.87 miles
Public District Grades PK-3
2
/10
McCormick Elementary School
2712 S Sawyer Ave
Distance between this listing and this school1.26 miles
Public District Grades PK-5
5
/10
Liberty Elementary School
4946 W 13th St
Distance between this listing and this school2.02 miles
Public District Grades PK-3
Nearby Schools
5
/10
Legacy Elementary Charter School
3318 W Ogden Ave
Distance between this listing and this school0.21 miles
Public Charter Grades KG-8
2
/10
Lawndale Elementary Community Academy
3500 W Douglas Blvd
Distance between this listing and this school0.28 miles
Public District Grades KG-8
4
/10
Dvorak Technology Academy
3615 W 16th St
Distance between this listing and this school0.32 miles
Public District Grades KG-8
Nearby Schools
2
/10
North Lawndale Preparatory Charter - Christiana
1615 S Christiana Ave
Distance between this listing and this school0.12 miles
Public Charter Grades 9-12
2
/10
Collins Academy High School
1313 S Sacramento Dr
Distance between this listing and this school0.53 miles
Public District Grades 9-12
3
/10
North Lawndale Preparatory Charter-Collins
1313 S Sacramento Dr
Distance between this listing and this school0.53 miles
The neighbors living near this home have an average income of $34,180. Most Chicago, IL residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1522 S Homan Ave
What is the listing price of this property?
The listing price of 1522 S Homan Ave property is $49,999.
What type of property is this?
The property 1522 S Homan Ave is land located in Chicago, Illinois, 60623.
Is this property for sale now?
Active Listing: 1522 S Homan Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2019 is $740 (source: MLS/based on county public records data).
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This home is located at 1522 S Homan Ave in Chicago, IL and zip code 60623 in the West Side neighborhood. It has been listed on Rocket Homes since November 09, 2024 and is currently priced at $49,999.
While more than 521 listings in Chicago, IL in November 2024 were sold above asking price, there were more than 254 listings sold at asking price, and more than 845 were sold below. The number of homes for sale in Chicago, IL increased by 2.1% between October 2024 and November 2024. Listings spent 33 days on the market in November 2024, and had a median list price of $363,936 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved. 
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