2010 Euclid is aland property for lease in Mount Prospect, IL.
LOOKING FOR A MULTI FAMILY DEVELOPER
It is currently a double residential lot but adjacent and across from commercially zoned property. The client picked it up in a bankruptcy proceeding and just wants to get his money out of it. We think that a zoning change is quite realistic. Get Mt. Prospect to approve a change in zoning and the site's value jumps way up!
There is currently a small (rented) house on the extreme east side of the site that could be perfect as administrative housing during construction. Initially there is a small cash flow from a renter.
Mt Prospect is a dynamic community with over 54,000 people and a low unemployment rate of 4.3%. The bulk of the multi family housing in the area is south of the Northwest highway. This is north and east where there is a scarcity of this type housing.
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- Steven Goldstein, agent and Rofo Pro