Estimated payment $1,077/month
About This Lot
Exceptional development opportunity in the heart of Cicero! This oversized 75 x 123 vacant lot is zoned for residential/commercial use, offering incredible flexibility for builders and investors alike. Approved potential to develop up to 15 units, with options for 1-bedroom/1-bath or 2-bedroom/1-bath layouts-perfect for maximizing rental income and long-term returns. The generous lot dimensions allow for efficient design and functionality, including space for approximately 15 parking spots-a rare and highly desirable feature for multi-unit developments. Located in a well-established area with convenient access to major expressways, public transportation, shopping, and dining, this property is ideally positioned for strong tenant demand. Whether you're looking to build and hold or develop and sell, this is a rare opportunity to capitalize on a high-density project in a growing market.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,473
Home Design
- Mixed Use
Lot Details
- Lot Dimensions are 75 x 123
- Property is zoned COMMR
Utilities
- No Cooling
- No Utilities
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 |
|---|---|---|---|---|
| 2025 | $36,703 | $9,917 | $9,917 | -- |
| 2024 | $36,703 | $9,917 | $9,917 | -- |
| 2023 | $40,730 | $118,788 | $9,917 | $108,871 |
| 2022 | $40,730 | $93,259 | $13,838 | $79,421 |
| 2021 | $40,257 | $93,258 | $13,837 | $79,421 |
| 2020 | $39,139 | $93,258 | $13,837 | $79,421 |
| 2019 | $31,322 | $64,201 | $8,302 | $55,899 |
| 2018 | $30,520 | $64,201 | $8,302 | $55,899 |
| 2017 | $29,378 | $64,201 | $8,302 | $55,899 |
| 2016 | $25,955 | $54,087 | $7,380 | $46,707 |
| 2015 | $30,216 | $63,722 | $7,380 | $56,342 |
| 2014 | $29,797 | $65,200 | $7,380 | $57,820 |
| 2013 | $24,541 | $59,392 | $7,380 | $52,012 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/18/2026 03/18/26 | For Sale | $149,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,025,000 | Attorney | |
| Deed | $950,000 | Pntn | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $768,750 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12595468
APN: 16-20-400-040-0000
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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