117 Virginia St Elmhurst, IL 60126

This exceptional 0.56-acre land parcel presents a rare development opportunity in the heart of downtown Elmhurst, Illinois. Located at 117 W Virginia Street, this property is zoned CBOCR (Central Business Outer Core Residential), allowing for the construction of a multifamily building by right. Preliminary plans indicate the potential for a six-story structure with approximately 32 units and on-grade parking. The site's central location within this bustling DuPage County suburb offers unparalleled convenience, with easy access to local amenities, shops, and restaurants. The strong rental market in this submarket, with rents approaching $3.00 per square foot and sale prices exceeding $550 per square foot for comparable multifamily properties, makes this a highly attractive investment. The asking price for this exceptional property is $3,500,000. The property's APN is 06-02-407-006. Detailed construction documents, layouts, and cost estimates are available upon execution of a non-disclosure agreement. This is a truly unique opportunity to develop a high-value multifamily project in a prime Elmhurst location. The property is situated in DuPage County, Illinois, with a zip code of 60126.