5n210 Central Road
Itasca, IL 60143
- – beds
- – baths
- – sqft
- ~20 acre lot
- – on site
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.
Last checked:
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Last updated Feb 13, 2025
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MLS# 11608085 —
Location
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Directions:Lake Street & Rt. 53
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Location:22076
The Property
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Parcel Number:0318302025
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Property Type:Land
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Location:N
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Lot Size Dimensions:1X1
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Lot Size Acres:20.05
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Current Use:Single Family
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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
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Zoning:COMMR
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Building On Land:Yes
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Frontage Type:City Street
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Frontage Length:1
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Waterfront:false
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (630) 954-4600
- Office phone:
- (630) 954-4600
Taxes
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Tax Year:2023
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Tax Annual Amount:3949.06
The Listing
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Special Listing Conditions:None
Utilities
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Utilities:Electric to Site, Gas to Site, Sanitary Sewer, Water to Site
Schools
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Elementary School District:4
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Middle Or Junior School District:4
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High School District:88
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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3/5/24
Mar 5, 2024
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Price Changed | MRED | $17,589,548 | -7.2% (-6.9% / YR) |
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2/17/23
Feb 17, 2023
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Listed / Active | MRED | $18,960,000 | |
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10/26/21
Oct 26, 2021
|
Price Changed | MRED |
