Property Q&A in Edison Park>Question Details

Linda Torres, Home Seller in Chicago, IL

Edison Park Home on 125 X 75 Lot . N of Touhy on a cull de sac like setting 1 house a way from Park Ridge.

Asked by Linda Torres, Chicago, IL Fri Jul 31, 2009

2 houses could be legally built on our lot. Or 1 really great high end mini mansion.5 bedrooms, 3 1/2 plus baths 3 car attached side garage (no more then a small 2 car garage on the Chicago side).Our cost to put up such a house would be between 400 & 450K depending on materials.So I am sure a professional could do it for much less.And would fit right in.
In 2004/5 we had the house on the market and we were getting in negotiations with offers as high as 575k that were coming from contractors ,not even interested in the house.Did not even bother looking at the house.Hubby had a stroke so we stayed put.In Edison Park l see a lot l Mini mansions going up and selling well on MUCH smaller lots . Certainly not in as nice as our location as far as fitting in and on such a large lot on quite suburban like street.
Is it reasonable to to try to get l little over 500k for our lot? And is there a way to just attract contractors? Our house needs TLC .We can't rehab or rebuild ourselves.

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