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Pending
5132 W CHICAGO Detroit, MI 48204
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 20240040643
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40 x 120
Source Realcomp
Property Description
Looking for that perfect small/medium infill project in the Nardin Park Community? You found it directly across the street from Nardin Park!! The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements that are otherwise available to the selected purchaser. The payment will be deterrmined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. abatements that are otherwise available to the selected purchaser. The payment will be deterrmined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction E. of Grand River, N of Joy Rd.
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 16004856.
Acceptable Financing Cash
Listing Terms Cash
Listed by Bellabay Realty Tri Counties
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