Address
5N210 Central Road, Itasca, IL
Price
$ 17,589,548
Property Attributes
  • MLS#11608085
  • TypeLand
  • CountyDUPAGE
  • CityItasca
  • AreaItasca
  • Zip60143
  • StyleSingle Family
  • Taxes$ 3949
  • Price$ 17,589,548
  • 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
3/6/2024 8% - $17,589,548

General Features

Utilities Electric to Site,Gas to Site,Sanitary Sewer,Water to Site
Possession Closing
Zoning COMMR
Township Addison
Tax Year 2023
Current Use Single Family
Percent Ownership Fee Simple
County DuPage
Property Type Land
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
Status Active
Directions Lake Street & Rt. 53
City Itasca
High School District 88
MLS Area Itasca
Waterfront Y/N No
Street Name Central
Tax Annual Amount 3949.06
Days on Market 453
Standard Status Active
Middle/Junior School District 4
Elementary School District 4
Property Type Land

Interior Features

Street Suffix Road

Exterior Features

Lot Dimensions 1X1
Lot Size Acres 20.05
Road Surface Type Asphalt
Frontage Length 1
Frontage Type City Street

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
AVG $3.12M
$17.59M
Taxes
AVG $3,903
$3,949
Visits
AVG 288
1104
Data Provided by Inside Real Estate®
Walkscore
AVG 46
39
Data Provided by Walkscore® not using MLS data