Properties

Features
: Electric to Site , Gas to Site , Water to Site , Sanitary Sewer
Address Map
US
IL
Du Page
Itasca
60143
Central
5N210
Road
W89° 59' 35.7''
N41° 58' 30.6''
Lake Street & Rt. 53
Itasca
COMMR
Neighborhood
4
88
4
Additional Information
: Single Family
1X1
Commercial,Condominium,Estate,Industrial,Legal Non Conforming,Liquor License,Mobile Home,Non Conforming,Office and Research,Development,Platted,Recreational,Residential,Multi-Family,Single Family,Retail,Special Use,Other
18960000
Coldwell Banker Realty
Rocco Zaccaro
Financial
3949.06
Listing Information
252816
22076
Active
2024-09-22T05:07:03Z
MRED
: None
2024-09-22T05:05:38Z
Property 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.

Land For Sale

, Itasca, DuPage County, Illinois 60143, USA

  • Lot Size: 20.05 Acre
$17,589,548
Listing ID#11608085
QR Code
Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : 11608085
Price : $17,589,548
Lot Size : 20.05 Acre
Listing Status : Active
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