5N210 Central Rd, Itasca, IL

Name: 5N210 Central Rd, For Sale in Itasca - eXp Realty
Brand: coldwell banker realty
SKU: 11608085
Price: 17589548 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$17,589,548

000

MLS® 11608085

Key Facts
Description
Map

Key Facts

Type Other

Levels Land

Size -

Garage No

Taxes $3,949

Days Active 1118

Lot Size 20.05 acres

Approx. Age

MLS® Number 11608085

Property Address: 5N210 Central Rd, Itasca, IL, 60143-2565

Average square foot calculated using Size range provided by listing agent.

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® Number11608085

Laundry Level

Central VacNo

FireplaceNo

Acreage20.05

Exterior

GarageNo

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 17, 2023List Date

$17,589,548List Price

Commute

Commute

Starting Address

Destination Address

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