5N210 Central Road

Itasca, IL 60143

$17,589,548
Price
873,378 / 20.05
Lot Size / 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...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.
  1. Listed by Rocco Zaccaro • Coldwell Banker Realty

Property Details for 5N210 Central Road

Area
Itasca
Township
Addison
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Zoning
COMMR
LISTING UPDATED: 09/22/2024 12:07 AM

Property Details for 5N210 Central Road

StatusActive
MLS #11608085
Days on Market643
Taxes$3,949 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size20.05 AC
CountyDuPage County

Building Information for 5N210 Central Road

Lot Size20.05 AC

Property Information for 5N210 Central Road

General Information
School Information
  • Elementary School District: 4
  • High School District: 88
  • Middle Or Junior School District: 4
Location and General Information
  • Frontage Length: 1
  • Frontage Type: City Street
Property Information
Interior Features
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: Yes
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water to Site
Property/Lot Information
  • Lot Size: 10.0-24.99 Acres
  • Lot Dimensions: 1X1
  • Approx Land Sq Footage: 873,378
  • Buildings on Land: Yes
  • Waterfront: No
  • General Information: None
Property and Assessments
  • Possible Use: 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
  • Public Document Count: 0
  • Document Date: 2024-05-15T01:17:59
  • Photos Count: 16
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Single Family
  • Location: Corner
  • Road Surface: Asphalt
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 5N210 Central Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5N210 Central Road

Taxable ValueLand$68,190Additions-Total$68,190
Tax Record2023$4,363 ($364 / month)
Home Facts
Beds0Baths1Lot Size39,640 SqFtStyleSingle Family ResidenceYear Built1900ZoningRCountyDUPAGEAPN03-18-302-025

Schools near 5N210 Central Road

This home is within Addison School District 4.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Stone Elementary School
PublicK to 5

Indian Trail Jr High School
Public6 to 8

Addison Trail High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5N210 Central Road is a 20.05 ac of land for sale in Itasca, IL 60143. This property was listed for sale on February 17, 2023 by Coldwell Banker Realty, it's currently listed at $17,589,548. This listing's school districts are Addison School District 4, Dupage Hsd 88 School District. Nearby schools include Stone Elementary School, Indian Trail Jr High School and Addison Trail High School. 5N210 Central Road is a 0-bed, 0-bath, 20.05 ac of land on a 873,378 sq. ft. / 20.05 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/22/2024 12:07 AM. 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.