5N210 Central Road Itasca, IL 60143
Listing Courtesy of: Midwest Real Estate Data / Coldwell Banker Realty / Rocco Zaccaro

  5N210 Central Road Itasca, IL 60143

Active (514 Days)
$17,589,548
20.05
ACRES

Description

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.

MLS #:
11608085
Taxes
$3,949(2023)
Lot Size
20.05 acres
Type
Land
School District
4,88
County
DuPage County

Listed By

Rocco Zaccaro, Coldwell Banker Realty
Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked Jul 14 2024 at 9:46 AM GMT+0000
Bathroom Details
Utility Information
  • Utilities: Utility: Electric to Site, Utility: Gas to Site, Utility: Sanitary Sewer, Utility: Water to Site
Additional Listing Info
  • Buyer Brokerage Commission: 2% -$475
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Mar 05, 2024
Price Changed
$17,589,548
-7%
-1,370,452
Feb 17, 2023
Original Price
$18,960,000
-
-
Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.