Great opportunity for vacant landscaped lot (25x125) plus 3 story, 3 unit greystone in sought after Graceland West, located at the quiet end of the Southport corridor. Hardwood floors and robust wood trim throughout compliment 10 foot ceilings. Endless sunlight with three exposures because of the side yard. Open back porches overlook an English garden. Enjoyed by family for 37 years with updated owners unit. New steam boiler and hot water tank. Newer roomy 2 car garage (2008). A zoning change to R4 was requested to have the ability to promote the lot for multi-unit development. The alderman's Zoning Advisory Committee awaits a plan. With 7 units, a project might qualify for the city's new affordable housing incentive which reduces the assessed value on a sliding scale for 30 years. Another option is to convert to a 3,000+ sq ft single familywith the ability to add additional living space while retaining an ample yard. Agent owned.