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A vacant lot can look simple from the street. But before making an offer, a buyer may ask: What used to be here? Where are the property lines? Are water and sewer connections actually available?
These questions matter in Chicago. In a 2017 environmental assessment published by the City of Chicago, consultants reviewed records concerning nearby properties, including a former dry cleaner and a reported leaking underground storage tank. This does not mean that other vacant lots have the same issues. It shows why buyers may want to understand a property’s history and surroundings. www.chicago.gov
If you’re selling, gather what you have: a survey, records of former buildings or uses, environmental reports, and any paperwork about water and sewer service. Don’t have all of it? You can still begin planning a sale. I can help you identify which questions we can answer from available property records, which documents may be worth requesting, and which matters need a qualified specialist. We’ll present confirmed information clearly and leave open questions clearly marked.
If you’re buying, use those same questions to plan your due diligence. The Illinois EPA’s land databases and the Illinois State Fire Marshal’s tank search are starting points. Environmental professionals, surveyors, utilities, and local officials can help verify matters within their expertise before you rely on a development plan or budget. epa.illinois.gov
As your broker, I can review comparable land sales, organize the available information, help you work through the questions buyers are likely to raise, and present the lot to buyers whose needs may fit. My job is to help you move from unanswered questions to a clearer selling strategy.
Own vacant land on Chicago’s North Side or in a northern suburb? Text me the address. We’ll start with what is known and discuss the next steps for a sale.
Natalie Novikova
Illinois Licensed Real Estate Broker
CENTURY 21 Circle
Call or text: 224-517-5507
