7701-7707 West Taft Street
7701-7707 West Taft Street
$450,000
7
4
—
—
—
Description
3homes on 9.84acres. Check zoning with town of Merrillville but what I see is C2 in front, so Stripmall or retail in front. Lot goes a quarter mile back so over 1300' feet back. Rear is zoned R5 good for multi-unit not much of a stretch from a PUD which would allow retirement villiage, 200+/- unit apartment complex or condo development. Don't want to develop? well then, resurvey the property, sell 2 of the 3 homes and get your money back then do a market repackage of the rest with a conceptual drawing...3homes on 9.84acres. Check zoning with town of Merrillville but what I see is C2 in front, so Stripmall or retail in front. Lot goes a quarter mile back so over 1300' feet back. Rear is zoned R5 good for multi-unit not much of a stretch from a PUD which would allow retirement villiage, 200+/- unit apartment complex or condo development. Don't want to develop? well then, resurvey the property, sell 2 of the 3 homes and get your money back then do a market repackage of the rest with a conceptual drawing showing a good size condo development for a quick return on the investment One block away to the north is Brookstone Estates'' phase 1 was built around the year 2000 and is about the same size as this property was originally zoned R5. Brookstone Phase 1 consist of 120 units valued around $165k a piece currently. Now, Brookstone phase 2 is underway and has brand new units starting at $369k per unit. Can you imagine 120+ condo's at $369k a piece? There is money to be made
- Listed by Eric Pace • BHHS Executive RealtyP: (219) 613-3405 C: (219) 613-3405 paceea@hotmail.com
Property Details for 7701-7707 West Taft Street
Subdivision
none
Garage # of Cars0
Location
LISTING UPDATED: 05/15/2024 06:00 PM
Property Details for 7701-7707 West Taft Street
Status | Active |
---|---|
MLS # | 803637 |
Days on Market | 19 |
Taxes | $10,990 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Apartment |
Year Built | 1970 |
County | Lake County |
Location
Building Information for 7701-7707 West Taft Street
Building/Complex7701-7707 W Taft StFloor-Stories-Residences3Pet Policy-Year Built1970Building Size-
Payment Calculator
$3,372 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7701-7707 West Taft Street
Property History for 7701-7707 West Taft Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 7701-7707 West Taft Street
This home is within Merrillville Community School.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 4 | |||
Public - | 5 to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Homer Iddings Elementary School PublicK to 4 | ||
Merrillville Intermediate School Public5 to 6 | ||
Pierce Middle School Public7 to 8 | ||
Merrillville High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.