$ 3,500,000
69 N CHICAGO ST Salt Lake City, UT 84116
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$ 3,500,000
Est. payment | /mo
0.56 Acres Lot
$ 3,500,000
Est. payment | /mo
0.56 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Western
MLS Listing ID 2023869
HOA Y/N No
Annual Tax Amount $7,000
Lot Size 0.560 Acres
Acres 0.56
Lot Dimensions 198.0x124.0x198.0
Property Description
Welcome to THE CHICAGO. This project has planning approval and has been entitled to build a 137 unit apartment complex. There are 5 floors of residential over a concrete podium for parking. Units range from 360-912 SF, allowing an affordable price point much needed in the market. Alta Survey, Phase 1, Phase 2, Geotechnical Report and Architectural plans have been completed and will be included in the purchase. One of the key advantages of this site is its strategic proximity to the newly proposed Larry H Miller MLB Baseball Stadium, the 100-acre Rocky Mountain Power Master Planned Development, and being less than .25 miles from the Trax Station. Additionally, this property is in an Opportunity Zone. Furthermore, it's worth noting that the current properties on the site comprises a Duplex, Triplex, and two Single Family Houses, which are generating consistent income.
Location
State UT
County Salt Lake
Area Salt Lake City; Rose Park
Zoning Multi-Family
Interior
Fireplace No
Exterior
Waterfront No
View Y/N No
Present Use Residential
Private Pool false
Building
Faces East
New Construction No
Schools
Elementary Schools Rose Park
Middle Schools Bryant
High Schools West
School District Salt Lake
Others
Senior Community No
Tax ID 08-35-455-012
Listed by Equity Real Estate (Premier Elite)