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6715 174th Street Tinley Park, IL 60477

$399,000
Active / MLS# 12782540 / Land - Residential / Tinley Park
0 Beds

DOWNTOWN TINLEY PARK REDEVELOPMENT OPPORTUNITY! Located within Tinley Park's Downtown Legacy District - Downtown General (DG) subdistrict, this property offers significant redevelopment potential in an area specifically intended to transition existing properties toward higher-density residential uses. Under the DG redevelopment standards, permitted building types include MULTI-FAMILY and SINGLE-FAMILY ATTACHED, creating potential for a multi-unit residential building, townhomes/rowhomes or other qualifying development, subject to Village approval. The DG district requires a minimum two-story building height, with allowable maximum building height governed by the Legacy District regulating plan. Residential development requires one on-site parking space per dwelling unit. Existing improvements may also qualify under the Legacy Code's Heritage Site provisions when improvements remain below the applicable 50/50 market-value threshold. New detached single-family redevelopment is not identified as a permitted building type under the DG redevelopment standards. Buyer/developer to perform all due diligence with the Village of Tinley Park regarding permitted use, density, building height, setbacks, parking, access, utilities and development requirements.Property is being sold AS-IS. Buyer to perform all due diligence and verify zoning, density, permitted uses, elevator requirements, and redevelopment plans with the Village of Tinley Park.

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Estimated Payment

$ 1,846.22 per month $1,026.67 Principal & Interest $703.17 Property Tax $116.38 Homeowner's Insurance
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Property Details

Property Type: Land - Residential
Basement: Cellar
Lot Size: 0.18 Acres
Taxes: $8,438

Feature Descriptions

Current Use: Multi-Family
Frontage: 64
Frontage Type: City Street
Lot Dimensions: 158 64
Parcel#: 28304160190000
Possible Use: Multi-Family
Road Surface: Asphalt
Township: Bremen
Utilities: Electric to Site, Natural Gas Available, Water Available

Schools

School District: District 146

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

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Listing Office: @properties Christies International Real Estate

Listing Office Phone: 630-634-0700



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