56 N CHICAGO ST

Salt Lake City, UT, 84116

$1,750,000

$1,750,000
Pending
Pending
 - For Sale
property_type
Land
"The Chicago": 72-unit pre-entitled land apartment project in opportunity zone of Salt Lake City, UT. (Build-to-rent) Project has already received unanimous preliminary approval from Salt Lake City. Located in Salt Lake County, just 5 minutes away from downtown SLC & 10 minutes from Salt Lake International airport. The property consists of 72 efficiency/studio units that make up roughly 500 sqft/unit. Located strategically in an opportunity zone along with frontage to the Utah public TRAX system. This project is pending entitlement with the city of Salt Lake. Upon final approval, it will be shovel ready for any developer who wishes to take the project on. All required documentation, including paid-for-architecture, infrastructure, & civil plans included. All surveys and will serve letters (where applicable) have been collected from respective utility companies. Two parcel are included in the sale, Parcel numbers 08-35-456-004 & 08-35-456-003-0000. Final approvals from city estimated to be completed in early Q1 of 2023. Buyer is advised to obtain an independent measurement/survey. See listing files below. https://drive.google.com/drive/folders/11faCa62m-yXC4uTaEavMxnrjvlZAk_IT?usp=sharing
MLS® ID:
1850795
Listed:
11/7/22
Updated:
12/2/22
Keller Williams Real Estate
The Stern Team

Exterior/Building Features

Lot Size
10,890 ft² lot

School Information

School District
Salt Lake
High School
West
Middle/Jr High
Hillside
Elementary School
Jackson

Other Property Details

Area Name
Salt Lake City; Rose Park
Taxes
$835
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Salt Lake
Pool
No

Property History

Date
Event
Price
Value
11/30/22
Pending
-
-

 

Courtesy of NRE

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 5:26 AM UTC, 12/2/22. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information deemed reliable but not guaranteed and should be independently verified. Properties may or may not be listed by the office/agent presenting the information. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Stern Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2022 Wasatch Front Regional MLS, Inc. All rights reserved.

Keller Williams Real Estate
The Stern Team
Contact