4440 Illinois Street
$2,199,000
7
3
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Description
A developers dream! Multiple value add opportunities and strong existing income ($9,445 monthly gross income)! This site presents an increasingly rare urban infill opportunity to purchase a 7,018 SF lot, with (3) income generating residential units in the heart of San Diego's hippest neighborhood, North Park. This property sits within the complete communities area and has a FAR of 6.5. The maximum buildable square feet is 45,617 subject to official approval to allow a complete communities project...A developers dream! Multiple value add opportunities and strong existing income ($9,445 monthly gross income)! This site presents an increasingly rare urban infill opportunity to purchase a 7,018 SF lot, with (3) income generating residential units in the heart of San Diego's hippest neighborhood, North Park. This property sits within the complete communities area and has a FAR of 6.5. The maximum buildable square feet is 45,617 subject to official approval to allow a complete communities project at this site. Alternatively and due to being fully remodeled, the existing units attract phenomenal renters in the asset's existing condition. The property is gated from the alley and tenants have the option to close the gate on Illinois for additional privacy. It is turfed with pavers throughout and laundry on site in the back.
- Listed by Brendan Flynn • DRE #01933302 • Brokerage DRE #01419860 • South Coast Commercial, Inc.
Property Details for 4440 Illinois Street
Zoning
RM 3-8
Cross StreetsMeade
Source Living Area404
AreaNormal Heights (NLHS)
HOA Fee Frequency 1Monthly
HOA Fee 2$0
HOA Fee Frequency 2Monthly
Assessor Parcel Number446-121-19-00
LISTING UPDATED: 11/19/2024 11:12 AM
Property Details for 4440 Illinois Street
Status | Active |
---|---|
MLS # | 240014482SD |
Days on Market | 149 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1940 |
Lot Size | - |
County | San Diego County |
Building Information for 4440 Illinois Street
Stories2Residences-Year Built1940Building Size-Lot Size-
Property Information for 4440 Illinois Street
Property History for 4440 Illinois Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 4440 Illinois Street
This home is within San Diego Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 1 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Garfield Elementary School PublicK to 5 | ||
Roosevelt International Middle School Public6 to 8 | ||
Alba School Public1 to 12 | ||
San Diego Global Vision Academy CharterK to 8 |
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.
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