22851 Farm Trace Dr Richton Park, IL 60471
Estimated payment $1,190/month
About This Lot
Prime Development Opportunity - Discover this exceptional property offering nearly 7 acres of unincorporated land with immense development potential! Nestled in a desirable area surrounded by beautiful single-family homes, this parcel is primed for future use as a residential development for detached single-family homes. Strategic Location: Located near established neighborhoods with easy access via a right of way at Patricia Lane. Future Development Flexibility: While the land requires an annexation agreement with the Village of Richton Park for zoning, utilities, and development, it offers incredible possibilities for builders and investors. Flood-Free Assurance: The property is not in a floodplain, providing peace of mind and fewer development restrictions. Versatile Special Uses: Beyond single-family homes, this land could be transformed into a Nursing Home, Assisted Living Facility, Independent Living Facility, Daycare, School, or Place of Worship. Priced to sell, this property presents a unique opportunity for visionary developers. View the map and drive by to witness the potential of this remarkable land firsthand. For more details or to explore development possibilities, contact us today!
Property Details
Property Type
- Land
Lot Details
- 6.97 Acre Lot
- Lot Dimensions are 440x557x666x581
- Property is zoned SINGL
Location
- Outside City Limits
Map
Home Values in the Area
Average Home Value in this Area
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 | $13,037 | $37,897 | $37,897 | -- |
| 2023 | $17,193 | $37,897 | $37,897 | -- |
| 2022 | $17,193 | $37,897 | $37,897 | $0 |
| 2021 | $17,224 | $37,897 | $37,897 | $0 |
| 2020 | $15,830 | $37,897 | $37,897 | $0 |
| 2019 | $12,758 | $30,317 | $30,317 | $0 |
| 2018 | $12,806 | $30,317 | $30,317 | $0 |
| 2017 | $12,389 | $30,317 | $30,317 | $0 |
| 2016 | $12,388 | $30,317 | $30,317 | $0 |
| 2015 | $12,286 | $30,317 | $30,317 | $0 |
| 2014 | $12,031 | $30,317 | $30,317 | $0 |
| 2013 | $10,975 | $30,317 | $30,317 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Price Changed | $188,000 | -8.3% | -- |
| 02/07/2025 02/07/25 | For Sale | $204,999 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12286258
APN: 31-34-401-003-0000
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