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2714 N Magnolia AVE Chicago, IL 60614
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12373325
Annual Tax Amount $16,512
Tax Year 2023
Lot Dimensions 25X124
Property Sub-Type Land
Property Description
MULTIPLE OFFERS RECEIVED - Requesting all interested parties to submit their highest and best offers by 2:00 PM on Saturday, May 24, 2025. Please include proof of funds or pre-approval with your offer. No escalation clauses will be considered. Reserving the right to accept an offer prior to the deadline. Exceptional Investment or Development Opportunity in Prime Lincoln Park! Situated on a premium block in the heart of Lincoln Park, this rare offering presents endless potential for investors or buyers eager to build their dream home. The property currently features two frame structures: a front building with two tenant-occupied units (vacant by 7/31/2025, with notices served) and a vacant rear building with two additional units. Please Note: The property is being sold AS IS for land value. Existing structures are suitable for teardown or full gut renovation. All contents of both buildings will convey, except for items belonging to current front-building tenants. Currently zoned RS-3, the property abuts RT-4 zoning, offering a potential opportunity for upzoning. Buyers are encouraged to conduct their own due diligence regarding zoning and development possibilities. Drive-by viewings only - no interior access will be granted prior to an accepted offer and buyer qualification. Absolutely no exceptions. Please do not disturb tenants. Don't miss this incredible opportunity to create something extraordinary in one of Chicago's most sought-after neighborhoods.
Location
State IL
County Cook
Area Chi - Lincoln Park
Interior
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available
Building
Dwelling Type Land
Water Municipal Water
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Eric Bjorkman • Windy City Realty Corp.
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