3421 ChicagoDetroit, MI 48206

  • Commercial land
  • 0.52 AC
For Sale
$60,000 View listing

Property Details for 3421 Chicago

Lot size
0.52 AC
Zone code
R6
Property type
Commercial land
APN
12002805.
APU
12002805

Description

This exceptional 0.51-acre vacant land parcel presents a remarkable opportunity for multifamily development. Located in Detroit, Michigan, at 3421 W. Chicago Blvd., this property is zoned R6, allowing for high-density residential construction. The asking price is $60,000. Its strategic location offers convenient access to several key areas. It's situated just 0.43 miles from the historic Boston Edison neighborhood, providing proximity to established residential areas and potential residents. Across the street, you'll find West Chicago Apartments, further highlighting the area's residential character. Educational institutions are also within easy reach, with Sacred Heart Seminary only 0.33 miles away, and Central High School and Durfee Elementary School a short 0.75-mile distance. This prime location, combined with the R6 zoning and attractive price point, makes this a compelling investment for developers seeking to capitalize on the growing demand for residential housing in Detroit. The property's size and zoning regulations offer significant potential for a substantial multifamily development project. Wayne County location and 48206 zip code.

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3735
Longitude
-83.1182
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$372
-
-
$11,800
-
-
-
$23,600

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