Address
5N210 Central Road, Itasca, IL
Price
$ 18,960,000
Property Attributes
- MLS#11608085
- TypeLand
- CountyDU PAGE
- CityItasca
- AreaItasca
- Zip60143
- StyleSingle Family
- Taxes$ 3949
- Price$ 18,960,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size20.05 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
This Land Redevelopment Opportunity is located in Itasca, DuPage County, Illinois. Made up of 24 single family homes which offer a total of +/- 20.05 acres of land. These parcels would be included in an annexation into the village of Addison, IL. The subject land is approximately 27 miles northwest of downtown Chicago. It is close to O'Hare International Airport, major expressways, major retailers, and rail transportation. The subject land is more specifically located at the Northeast corner of the intersection of Lake Street, and Route 53. The land sits between Central Road to the West border, Grove St on the North Border, and Prescott Pl., Physician Immediate Care, Dunkin Donuts, Mario's Deli, Bigsby, DeMarco's Restaurant, and Lake Street to the South border. The village does not have a set density, but for single-family development that would generally mean somewhere between 3.6 and 5.7 units per acre. The village is in favor of zoning a multi-story condo or mixed-use building as an R4 planned development, which would allow up to six stories. The R4 district permits the development of 21-33 units per acre depending on the number of bedrooms in the units. The minimum lot size for single-family varies depending on the zoning district. This area abuts residential neighborhoods that are zoned R2 (8,400 square feet per lot) and R3A (7,600 square feet per lot). Currently, the land consists of 24 Single Family Homes which offer a total of +/- 20.05 acres of land. There is potential to acquire an additional 4.76 acres (please call for additional information). This opportunity is an Investor/Developer's Dream! An investor can take full advantage of this real estate opportunity by capitalizing on the usage of the land for redevelopment which is located in an extremely rare location in an already established suburban submarket.
| Price History | |
|---|---|
| 2/17/2023 | Listed $18,960,000 |
General Features
| City | Itasca |
|---|---|
| County | Du Page |
| Current Use | Single Family |
| Days on Market | 208 |
| Directions | Lake Street & Rt. 53 |
| Elementary School District | 4 |
| High School District | 88 |
| MLS Area | Itasca |
| Middle/Junior School District | 4 |
| Percent Ownership | Fee Simple |
| Possession | Closing |
| Possible Use | Commercial, Condominium, Estate, Industrial, Legal Non Conforming, Liquor License, Mobile Home, Non Conforming, Office and Research, Development, Platted, Recreational, Residential, Multi-Family, Single Family, Ret |
| Property Type | Land |
| Property Type | Land |
| Standard Status | Active |
| Status | Active |
| Street Name | Central |
| Tax Annual Amount | 3949.06 |
| Tax Year | 2021 |
| Township | Addison |
| Utilities | Electric to Site, Gas to Site, Sanitary Sewer, Water to Site |
| Waterfront Y/N | No |
| Zoning | COMMR |
Interior Features
| Street Suffix | Road |
|---|
Exterior Features
| Frontage Length | 1 |
|---|---|
| Frontage Type | City Street |
| Lot Dimensions | 1X1 |
| Lot Size Acres | 20.05 |
| Road Surface Type | Asphalt |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 60143
Price
Taxes
Visits
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Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than RE/MAX Suburban may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2023 All rights reserved.Based on information submitted to the MLS GRID as of December 9, 2023 6:15 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of December 9, 2023 6:15 PM UTC
