About 1428 N Wood Street
RM-5 zoned land. 1428 N Wood St is a 2,200 SF vacant land parcel just off Milwaukee Ave, three blocks from the Damen Blue Line CTA Station. RM-5 zoning allows for 2.0 FAR construction and 4,400 of Buildable SF. The list price of $475,000 reflects $108 per Buildable SF or a 43% discount to recent comparable land sales - see OM under Additional Info. Lot frontage is 25' wide with an average depth of 88'. Can be sold with 1430 N Wood St, the lot immediately to the north. 1430 N Wood St is a 2,475 SF lot with RM-5 zoning, currently improved with a 3-unit building producing $69,510 of gross revenue. Hanna Architects created a massing study with a 6-unit center-entrance across both parcels in 2018. Design and Survey also available under Additional Info.
