343 Park StMundelein, IL 60060

For Sale
$199,900

Prime Residential Land, Multi-Family Zoning

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 23,500 square foot lot, located at 343 E Park St in Mundelein, Illinois (zip code 60060), presents a remarkable development opportunity. Zoned C5-MU, this property allows for a variety of multi-family residential projects, including townhomes, row houses, apartments, or condominiums. The site boasts convenient access to all utilities, making construction efficient and cost-effective. The property's strategic location near downtown Mundelein offers immediate proximity to local amenities and services. Surrounding development features new construction of high-end rental properties, indicating strong market demand and potential for high returns. Adding to its appeal, a neighboring village-owned property offers potential for expansion or incorporation into a larger development plan. The APN is 1119300019. This is a rare chance to acquire a sizable parcel in a thriving area with significant upside potential. The asking price is $199,900. Further land acquisition may also be possible. This property is situated in Lake County, Illinois, and offers a unique blend of location, zoning, and potential for significant returns. Don't miss this chance to secure a prime piece of real estate in a rapidly developing area.

Highlights

  • 23,500 SF lot in Mundelein, IL (60060), APN 1119300019.
  • C5-MU zoning allows multi-family development (townhomes, apartments, condos).
  • Excellent access to utilities.
  • Prime location near downtown Mundelein with nearby amenities.
  • Strong market demand indicated by surrounding new construction.
  • Potential for expansion via adjacent village-owned property.

Location Insight

City
Mundelein
County
Lake
State
Illinois
Latitude
42.271398
Longitude
-87.999091
343 Park St, Mundelein, Illinois

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343 Park St
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