2714 Magnolia Avenue, Lincoln Park, Chicago, Illinois 60614
$1,115,000
|
Sold
|
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 0 |
| Baths: | 0 |
| Year Built: | — |
| Property Taxes: | $16,512 |
| Days On Market: | 526 |
| Lot Size: | 0,00 |
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.
Property Specifics
| Lot/Land | |
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| No | |
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| Cook | |
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| 12373325 | |
| 14293050280000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 25 Jun, 2025 | Sold | $1,115,000 | MRED MLS |
| 25 May, 2025 | Under contract | $800,000 | MRED MLS |
| 22 May, 2025 | Listed for sale | $800,000 | MRED MLS |
| 4 Oct, 2026 | Under contract | $3,299,990 | MRED MLS |
| 11 Sep, 2026 | Listed for sale | $3,299,990 | MRED MLS |
Room Specifics
Total Bedrooms: —
Bedrooms Above Ground: 0
Bedrooms Below Ground: —
Full Bathrooms: 0
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Other Specifics
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| 25X124 | |
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| Not in DB | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2025 | $16,512 |
| 2026 | $28,032 |
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Listing Provided By
Windy City Realty Corp.
