117 Virginia StElmhurst, IL 60126

Property Details for 117 Virginia St

Lot size

0.56 AC

Property type

Land

Description

This exceptional 0.56-acre land parcel presents a rare development opportunity in the heart of downtown Elmhurst, Illinois. Located at 117 W Virginia Street, this property is zoned CBOCR (Central Business Outer Core Residential), allowing for the construction of a multifamily building by right. Preliminary plans indicate the potential for a six-story structure with approximately 32 units and on-grade parking. The site's central location within this bustling DuPage County suburb offers unparalleled convenience, with easy access to local amenities, shops, and restaurants. The strong rental market in this submarket, with rents approaching $3.00 per square foot and sale prices exceeding $550 per square foot for comparable multifamily properties, makes this a highly attractive investment. The asking price for this exceptional property is $3,500,000. The property's APN is 06-02-407-006. Detailed construction documents, layouts, and cost estimates are available upon execution of a non-disclosure agreement. This is a truly unique opportunity to develop a high-value multifamily project in a prime Elmhurst location. The property is situated in DuPage County, Illinois, with a zip code of 60126.

Location Insight

City

Elmhurst

County

DuPage

State

Illinois

Latitude

41.8979

Longitude

-87.9407

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].