268 7th St Wheeling, IL 60090
Estimated payment $1,846/month
About This Lot
We are pleased to present an exceptional opportunity to acquire a prime piece of real estate located at 268 7th St, Wheeling. This parcel of land is not only strategically situated in a growing area but also comes with an approved project that is permit-ready for immediate development. The property is located in Wheeling, a vibrant community known for its accessibility and amenities. With its walking distance to the newly developed downtown area the site benefits from proximity to local schools, parks, shopping centers, and public transportation options, making it an attractive location for potential residents. This sale includes plans for a 6-unit residential building, designed to meet the needs of modern living while maximizing the use of space. The project has been thoroughly vetted and approved by local authorities, ensuring compliance with zoning regulations and building codes. The new owner can commence with construction permits immediately upon purchase. This eliminates the typical delays associated with obtaining approvals and allows for a faster return on investment. Given the increasing demand for housing in Wheeling, this property presents a lucrative investment opportunity. The planned 6-unit building is poised to attract renters looking for quality living spaces in a desirable neighborhood. This land at 268 7th St represents an outstanding chance to invest in a ready-to-build project in Wheeling. With its approved plans and permits in place, you can hit the ground running on your development goals. Don't miss out on this rare opportunity to secure a valuable asset in a thriving community.
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,544
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 100x132
Community Details
- No Laundry Facilities
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 | $2,544 | $7,590 | $7,590 | -- |
| 2023 | $2,426 | $7,590 | $7,590 | -- |
| 2022 | $2,426 | $7,590 | $7,590 | $0 |
| 2021 | $2,812 | $7,590 | $7,590 | $0 |
| 2020 | $2,739 | $7,590 | $7,590 | $0 |
| 2019 | $2,487 | $7,590 | $7,590 | $0 |
| 2018 | $2,409 | $6,600 | $6,600 | $0 |
| 2017 | $2,360 | $6,600 | $6,600 | $0 |
| 2016 | $2,202 | $6,600 | $6,600 | $0 |
| 2015 | $1,999 | $5,610 | $5,610 | $0 |
| 2014 | $1,950 | $5,610 | $5,610 | $0 |
| 2013 | $1,800 | $5,610 | $5,610 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | For Sale | $299,900 | 0.0% | -- |
| 05/25/2025 05/25/25 | Pending | -- | -- | -- |
| 05/22/2025 05/22/25 | For Sale | $299,900 | +172.6% | -- |
| 03/30/2023 03/30/23 | Sold | $110,000 | +23.6% | -- |
| 03/16/2023 03/16/23 | Pending | -- | -- | -- |
| 03/10/2023 03/10/23 | For Sale | $89,000 | +11.3% | -- |
| 02/21/2018 02/21/18 | Sold | $80,000 | -19.9% | -- |
| 01/26/2018 01/26/18 | Pending | -- | -- | -- |
| 01/03/2018 01/03/18 | For Sale | $99,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $110,000 | Old Republic National Title | |
| Deed | $80,000 | Chicago Title Land Trust Com |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12372832
APN: 03-02-313-006-0000
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