$550,000

16224 S Cicero Ave Oak Forest, IL 60452

Estimated payment $4,214/month

Total Views 20,838
0.92 Acre
$597,826 Price per Acre
40,075 Sq Ft Lot

About This Lot

SVN proudly presents this incredible development opportunity on busy Cicero Ave in Oak Forest. Sitting across from the Oak Forest Health center and Heritage Forest Preserve, and just north of the Midlothian Reservoir, this prime location boasts high traffic counts, great street visibility, and easy access via the 3 curb cuts. This location already has renderings for potential development (in brochure), however it could also be a great location for a car wash, tire/oil change facility, and a variety of other business uses. This excellent opportunity will not last long, bring your ideas and watch them flower into success!

Listing Agent

Derek Gonsch

Sperry Van Ness License #475192105 Listed on: 01/02/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,875

Lot Details

  • 0.92 Acre Lot
  • Lot Dimensions are 350x115

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$14,875

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Road Surface Type: Asphalt
  • General Information: None
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 350
  • Frontage Type: City Street
  • List Price: 550000
  • Waterfront: No

Utilities

  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water Nearby

Schools

  • Middle/Junior School District: 145

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.92
  • Lot Dimensions: 350X115
  • Zoning: OTHER
  • Lot Size: .50-.99 Acre
  • Special Assessments: U
  • Estimated Land Sq Ft: 40,250

Rental Info

  • Board Number: 8

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 14875
  • Tax Year: 2022

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,587 $4,388 $4,388 --
2023 $2,180 $4,388 $4,388 --
2022 $2,180 $4,680 $4,680 $0
2021 $2,126 $4,680 $4,680 $0
2020 $2,050 $4,680 $4,680 $0
2019 $1,968 $4,387 $4,387 $0
2018 $3,368 $7,674 $4,387 $3,287
2017 $3,352 $7,674 $4,387 $3,287
2016 $3,217 $7,089 $3,802 $3,287
2015 $3,125 $7,089 $3,802 $3,287
2014 $3,048 $7,089 $3,802 $3,287
2013 $2,715 $7,089 $3,802 $3,287
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2025 01/02/25 For Sale $550,000 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $120,000 Fatic
Warranty Deed $75,000 --
Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $550,000 Future Advance Clause Open End Mortgage
Previous Owner $51,000 Unknown
Previous Owner $52,000 Purchase Money Mortgage
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12263072

Midwest Real Estate Data (MRED)

APN: 28-21-219-018-0000