5N210 Central Rd Itasca, IL 60143
Estimated payment $92,396/month
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,949
Lot Details
- 20.05 Acre Lot
- Corner Lot
- 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 | $10,618 | $180,716 | $74,177 | $106,539 |
| 2023 | $10,117 | $166,130 | $68,190 | $97,940 |
| 2022 | $9,716 | $158,920 | $65,230 | $93,690 |
| 2021 | $9,242 | $152,220 | $62,480 | $89,740 |
| 2020 | $9,056 | $145,810 | $59,850 | $85,960 |
| 2019 | $9,106 | $140,200 | $57,550 | $82,650 |
| 2018 | $9,234 | $137,470 | $56,440 | $81,030 |
| 2017 | $8,765 | $131,380 | $53,940 | $77,440 |
| 2016 | $8,540 | $121,300 | $49,800 | $71,500 |
| 2015 | $8,344 | $112,050 | $46,000 | $66,050 |
| 2014 | $8,083 | $106,720 | $44,280 | $62,440 |
| 2013 | $7,947 | $108,890 | $45,180 | $63,710 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/16/2024 09/16/24 | For Sale | $17,589,548 | 0.0% | -- |
| 08/30/2024 08/30/24 | Off Market | $17,589,548 | -- | -- |
| 03/05/2024 03/05/24 | Price Changed | $17,589,548 | -7.2% | -- |
| 08/18/2023 08/18/23 | For Sale | $18,960,000 | 0.0% | -- |
| 08/17/2023 08/17/23 | Off Market | $18,960,000 | -- | -- |
| 02/17/2023 02/17/23 | For Sale | $18,960,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 11608085
APN: 03-18-302-026
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