3734 W Chicago
Detroit, MI 48206

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Description

Welcome to the latest offering from the Detroit Land Bank authority. Three buildable lots sitting right across from the Salvation Army. These lots are just waiting for your development ideas. Sale includes 3726 and 3742 w Chicago as well. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood.Please note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and/or lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48206
• School District: Detroit
• Lot Size: 4356 sq ft lot
• Directions: Dexter ave go south to W chicago go west
• List Price Acre: 176470
• Lot Size Area: 0.1
• Lot Size Square Feet: 4356
• Lot Size Units: Acres
• Main Type: Land
• Parcel Number: 14003543.
• Road Frontage: 41
• Street Type: Paved
• Tax Legal Description: N W CHICAGO E 17 FT 68 W 24 FT 67 MCQUADES DEXTER BLVD SUB L35 P5 PLATS, W C R 14/184 41 X 108