Location: 1931-1933 South Jefferson Street, Chicago , IL, 60616, United States

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: 9 days, 12 hours, 47 minutes

Ending On: May 1, 2024 11:00 am CDT

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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

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