$1,600,000

931 E Steger Rd Chicago Heights, IL 60475

Estimated payment $8,948/month

40 Acres
$40,000 Price per Acre
1,742,400 Sq Ft Lot

About This Lot

Attention developers, builders, and investors - this is an extraordinary opportunity to acquire 40 acres in a rapidly growing area surrounded by established residential neighborhoods and strong existing infrastructure. With frontage along Steger Road and access points near Cottage Grove Ave and 229th Street, this property offers tremendous potential for a future residential subdivision, luxury estate community, mixed-use development, or planned residential expansion. **NO TRESSPASSING - DO NOT ENTER PROPERTY WITHOUT PERMISSION** The site features a rare combination of open farmland, mature wooded acreage, and a stunning stocked pond that could become the centerpiece of a truly one-of-a-kind community design. Scenic water views, rolling natural landscapes, and heavily wooded surroundings create the ideal setting for premium homesites and an upscale residential environment buyers are seeking today. Currently improved with a 2-bedroom, 1.5-bath main residence, separate 1-bedroom guest/annexe house, 3-car garage, workshop, greenhouse, inground pool, and a 56' x 30' pole barn with electric and water, the property provides immediate utility while planning future development. Existing trails, recreational land, and natural buffers further enhance the uniqueness and marketability of the site. Located among existing subdivisions yet offering unmatched privacy and scale, this property presents exceptional long-term upside for developers looking to capitalize on continued residential growth in the area. Potential opportunities include luxury single-family development, estate lots, conservation-style subdivision design, equestrian community concepts, or a signature residential enclave centered around the pond and wooded landscape. Large contiguous parcels with this level of natural beauty, accessibility, and development flexibility are becoming increasingly rare. A premier investment opportunity with endless possibilities for visionary development.

Listing Agent

Jared Gordon

Baird & Warner License #475183322 Listed on: 05/21/2026

Baird & Warner

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,976

Lot Details

  • 40 Acre Lot
  • Lot Dimensions are 1325x1268x1321x1289
  • Property fronts a county road
  • Property is zoned AGRIC

Farming

  • Farm

Utilities

  • Electricity To Lot Line
  • Well
  • Septic Tank

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Property Type

Land

Est. Annual Taxes

$4,976

Lot Details

40 Acres

Listing Details

  • Property Type: Farm
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural, Estate, Residential, Single Family
  • Road Surface Type: Asphalt
  • General Information: School Bus Service,Interstate Access
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Agricultural, Commercial, Estate, Development, Residential, Multi-Family
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street, County Road, Paved
  • Waterfront: No

Utilities

  • Sewer: Septic Tank
  • Utilities: Electric to Site, Natural Gas Available, Sewer Nearby, Water Nearby
  • Water Source: Well

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 40
  • Lot Dimensions: 1325x1268x1321x1289
  • Zoning: AGRIC
  • Lot Size: 25.0-99.99 Acres
  • Special Assessments: N
  • Land Amenities: Pond/Lake
  • Land Description: Horses Allowed,Level,Pond/Lake

Rental Info

  • Board Number: 10

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 4976.2
  • Tax Year: 2024
  • Tax Exemptions: Homeowner

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2026 05/21/26 For Sale $1,600,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12652806

Midwest Real Estate Data (MRED)
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