4440-44 Illinois, NORTH PARK Property Listing: MLS® #240014482

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.

4440-44 Illinois, NORTH PARK Property Listing: MLS® #240014482 Close
Page Summary
  • 619-987-4851
  • MLS® #: 240014482
  • 4440-44 Illinois
  • NORTH PARK, CA 92116
  • $2,199,000
  • 3 Bath
  • Office: South Coast Commercial, Inc.

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.

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Essential Information

  • MLS® #240014482
  • Listing Price$2,199,000
  • Original Listing Price$2,199,000
  • Date ListedJune 24th, 2024
  • Days on Market122
  • Bathrooms3.00
  • Acres0.00
  • Year Built1940
  • TypeResidential Income
  • StatusACTIVE

Dues

  • HOA Dues$0

Community Information

  • Address4440-44 Illinois
  • AreaNORMAL HEIGHTS (92116)
  • ComplexNA
  • SubdivisionNorth Park
  • CityNORTH PARK
  • CountySan Diego
  • StateCA
  • Zip Code92116

Amenities

  • AmenitiesLaundry Facilities
  • Has PoolYes
  • PoolPrivate

Interior

  • HeatingWall/Gravity
  • CoolingWall/Window
  • # of Stories2

Exterior

  • ExteriorStucco
  • RoofComposition
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Nearby Schools in North Park

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Listing information last updated on November 26th, 2024 at 12:23pm PST.