Vacant Land Zoned B2-3 in Hot East Pilsen Neighborhood, Chicago, IL
Starting bid: $425,000.00
Auction has not started yet
Start On: April 29, 2024 11:00 am CDT
Time Until Start: 1 days, 13 hours, 5 minutes
Ending On: May 1, 2024 11:00 am CDT
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- Surveys; Title; Zoning; Taxes; Potential Site Plan & Renderings; Reassessment Notice
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Description
Minimum Bid/Published Reserve Price: $425,000.00
Buyer’s Premium: 6%
Cooperating Broker Commission: 2%
Lot Size: 50×100 (2 Lots Combined)
Zoned: B2-3
PINS:17213240280000 (1931 S. Jefferson Street); 1721340290000 (1933 S. Jefferson Street)
2022 Property Taxes:17213240280000 ($729.00); 1721340290000 ($8,206.00)
Construction opportunity for six apartments or condos; six retail units; or a mixed used development in hot East Pilsen area. The two lots are located at 1931 and 1933 South Jefferson Street in close proximity to 88 Marketplace, Chinatown, I-90 (18th street on-ramp), UIC, the “78” (future location of new White Sox Stadium), Roosevelt Street shops – Southgate Market (Whole Foods), Jewel – Osco, Home Depot and much more. There is an alley in the rear. TIF district pending.
The property taxes reflect a former two flat on the property which has now been torn down. The tax appeal is in process for 1933 South Jefferson lot (1931 South Jefferson lot is already assessed as a vacant lot). 1933 South Jefferson Street was reassessed as vacant land in 2023. The 2023 taxes will reflect this. Taxes currently shown are 2022.
Pre-auction offers highly encouraged!
Total Bids Placed:
| Auction starting | April 29, 2024 11:00 am CDT | ||
Auction Information
ONLINE-ONLY AUCTION
Bidding Starts: April 29, 2024 11:00 am CDT
Bidding Ends: May 1, 2024 11:00 am CDT
Location: 1931-1933 South Jefferson Street, Chicago , IL, 60616, United States
How to Submit Pre-Auction Bid
Click on the Pre-Auction Offer Form button on the property page and submit your bid with proof of funds.
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BID APPROVAL PROCESS:
Review all information and due dilligence documents posted on the property listing on our website.
Read the Terms and Conditions and Purchase and Sale Agreement posted on the property listing on our website.
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There is a 6% Buyer's Premium ($6.00 minimum applies) in effect for this auction.
JeffersonStreetTitle.CCHI2400953LD HL CMT-MergedTaxPropertyDetails_1931_S_Jefferson_St_ChicagoTaxPropertyDetails_1933_S_Jefferson_St_ChicagoJeffersonStreet – roof plan1933 S Jefferson Reassessment notice 081023JeffersonStreet – 1st floor plan
JeffersonStreet – 2nd floor planJeffersonStreet – 3rd floor planJeffersonStreet – basement floor planJeffersonStreetSurvey210902-210902 – stampedJeffersonStreetSurvey210903-210903 – stamped (1933 SJ)JeffersonStreet – site plan and zoning information
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