Sauganash Row | Chicago, IL
Download Offering Memorandum here.
Please fill out form for access to the offering memorandum. Details for both the single-family homes and multi-family site are included in the same offering memorandum.
Rare Sauganash Residential Land Site
Situated at the edge of the city, Sauganash Row presents a thoughtfully designed residential redevelopment that brings new life to a currently vacant office site. The proposal entails a cohesive residential plan designed to meet strong local demand for quality housing in this sought after neighborhood. The property is located on a single-lane residential stretch of Pulaski Road and offers a rare fully entitled land opportunity to both developers and builders.
Strong Neighborhood Fundamentals
Both components of this development will be a demand driven project to meet the needs home buyers in this competitive neighborhood. Sauganash residents predominantly own their homes with data showing a 76%-90% home owner rate for the neighborhood. Home values are quickly rising with a 20%+ increase in home values reported in the last year. With top rated schools and strong urban demographics, this development offers a unique opportunity to capture higher comparable exit values of single-family homes and condos.
Fully Entitled + Build Ready
The property currently consists of an underutilized vacant office building that is in the process of being fully re-zoned and entitled for a new cohesive housing development that aligns with the neighboring parcels and neighborhood demand for quality housing.
Single-family Site + Multi-family Site
The subject properties are being offered individually or together as a portfolio. The single-family home opportunity will consist of five (5) individually zoned parcels entitled to build homes consisting of roughly 3,885 square feet to include a total of 5 bedrooms & 6 bathrooms. The multi-family site will be delivered on a single parcel entitled for a new condo or multi-family building consisting of 9 total units. Plans call for six 3bd/2ba units and three 2bd/2ba units.