Attention Buyers and Investors! Come build your dream home in the coveted Historic Hyde Park or build a small multifamily portfolio.
Option 1: Rehab existing home and add an additional 4000 sqft to the main home. Would need to completely gut and re-work the floorplan. Add a master suite and an additional half bathroom. Total of 5BR/3.5BA. Tear down non contributing structure and build a new detached garage and mother in law suite add a pool and landscaping to your perfect dream home. ARV for a single family is $3.7M- $4M. Option 2: City council recommended the possibility of building two townhouses behind the main home, through Planned Development. Existing main home is contributing and cannot be torn down. The detached two story structure behind the main house can be torn down. 10 trees have been removed from the property, including 5 oak trees.The lot is completely clear with rear alley access.