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More than 200 apartments could rise on the back side of Church Hill if an undeveloped property that’s for sale changes hands.

A 4.76-acre lot at 401 N. 35th St., in the Chimborazo neighborhood of Church Hill, is listed for $3.11 million. The property, bounded by East Marshall Street, North 35th Street and Glenwood Avenue, is zoned for multifamily residential development and could take up to 207 units.

The land was once home to the Chimborazo Village Apartments, a 125-unit complex that the city condemned in 1990 after it discovered more than 100 code violations there. The apartments were razed in 1993.

The property went on the market in July. It contains two parcels that are assessed by the city at a combined $670,000.

Frank Wood, a real estate investor who owns the land, bought one of the two parcels in 2001 at a tax auction for $20,000, city property records show. He paid $23,000 for the other a few months later, then went on to buy several contiguous or adjacent parcels, eventually accumulating about nine acres in the area.

“It was very undesirable at that time,” Wood said of the area. “Nobody wanted to be over there.”