4440-44 Illinois, NORTH PARK, CA

$2,199,000

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7

Beds

3

Baths

About 4440-44 Illinois

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.

Features of 4440-44 Illinois

MLS® # 240014482
Price $2,199,000
Bedrooms 7
Bathrooms 3.00
Acres 0.00
Year Built 1940
Type Residential Income
Status ACTIVE

Community Information

Address 4440-44 Illinois
Area NORMAL HEIGHTS (92116)
Subdivision North Park
City NORTH PARK
County San Diego
State CA
Zip Code 92116

Amenities

Amenities Laundry Facilities
Is Waterfront No
Has Pool Yes
Pool Private

Interior

Heating Wall/Gravity
Cooling Wall/Window
Fireplace No
# of Stories 2

Exterior

Exterior Stucco
Roof Composition

Additional Information

Date Listed June 24th, 2024
Days on Market 16
Zoning RM 3-8
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSouth Coast Commercial, Inc.

Listing Map

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