28884 N Il Route 83 Mundelein, IL 60060
Ivanhoe NeighborhoodEstimated payment $5,169/month
About This Lot
Exceptional 5-acre vacant lot in a prime, high-visibility location with fantastic frontage and direct access to Route 83, as well as immediate proximity to the Rt 83/Rt 60 intersection-offering outstanding exposure and convenience for future development. Zoned Residential, or C1-C4 Commercial per Ordinance No. 0-25-04-20 (approved 4/14/2025), this property presents a rare opportunity for commercial or mixed-use development in a rapidly growing area surrounded by established residential neighborhoods and active commercial corridors. The parcel includes two PINs (10-23-100-004 & 10-23-100-005), and an access road is already in place on the site. Soil testing has been completed and approved, streamlining the development process. This location is ideal for a wide variety of commercial uses and is perfectly positioned to capitalize on steady traffic flow and surrounding community demand.
Listing Agent
Keller Williams North Shore West License #475162994 Listed on: 05/24/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $6,088
Lot Details
- 5 Acre Lot
- Property fronts a state road
- Additional Parcels
- Property is zoned COMMR
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 | $3,321 | $43,735 | $43,735 | -- |
| 2023 | $3,667 | $40,072 | $40,072 | -- |
| 2022 | $3,667 | $43,995 | $43,995 | $0 |
| 2021 | $3,501 | $42,454 | $42,454 | $0 |
| 2020 | $3,502 | $41,286 | $41,286 | $0 |
| 2019 | $4,115 | $48,512 | $48,512 | $0 |
| 2018 | $3,721 | $44,665 | $44,665 | $0 |
| 2017 | $3,673 | $43,259 | $43,259 | $0 |
| 2016 | $3,614 | $41,086 | $41,086 | $0 |
| 2015 | $3,589 | $38,517 | $38,517 | $0 |
| 2014 | $3,367 | $36,360 | $36,360 | $0 |
| 2012 | $3,241 | $36,683 | $36,683 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2025 05/24/25 | For Sale | $875,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Sheriffs Deed | $300,000 | Attorney | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | St | |
| Warranty Deed | $280,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $390,000 | Unknown | |
| Previous Owner | $480,000 | Purchase Money Mortgage |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12374458
APN: 10-23-100-005
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