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This vacant land parcel presents a rare development opportunity in the South Phoenix (85040)area — a location with strong redevelopment momentum just minutes from Downtown Phoenix and key transportation corridors. The subject site lies within a primarily residential and mixed-use corridor of East Chipman Road, positioned near a mix of single-family homes, multifamily properties, and redevelopment parcels. The surrounding area exhibits diverse housing types, ranging from traditional single-family lots to larger multifamily investment properties — reflecting increasing demand for urban-proximate infill land. Development Potential: Nearby parcels along Chipman Road have been marketed or traded as development sites for residential and multifamily projects, underlining the strong redevelopment potential of infill lots in this section of the 85040 zip code.

6962362 MLS

820 E Chipman Road Unit 1, Phoenix

Listing courtesy of Listing Agent: Cecilia Mulroy (602-577-5797) from Listing Office: My Home Group Real Estate.

$359,000

YOU MAY BE ABLE TO TAKE ADVANTAGE OF A CONVENTIONAL FINANCING OPTION WITH UP TO $17K IN GRANT FINANCING OR A ZERO DOWN CONVENTIONAL FINANCING OPTION WITH NO PMI AND A $6,500 LENDER CREDIT AT CLOSING BY USING ONE OF THE SELLERS PREFERRED LENDERS. Come and take a look at this 3bd/2ba home that sits on an oversized lot and comes with new carpeting, vinyl plank flooring, tiled bathrooms, ceiling fans, bathrooms and a spacious kitchen with plenty of cabinet space. There is a large private back yard with a separate storage shed, RV Gate and covered patio. This home is minutes from downtown Phoenix, the I-17 and I-10. Your also minutes from plenty of shopping and dining options as well as the South Mountain Regional Park. No HOA!

3 Beds ⋅ 2 Baths ⋅ 6611565 MLS

4808 S 9th Street, Phoenix

Listing courtesy of Listing Agent: Robert Petersen (602-410-0228) from Listing Office: Petersen Realty.

Selling Office: My Home Group Real Estate.

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