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5N210 Central Road, Itasca, IL 60143
$17,589,548
5N210 Central Road, Itasca, IL 60143View this property at 5N210 Central Road, Itasca, IL 60143
5N210 Central RoadItascaIL60143
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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.
Full Property Details
Full Property Details for 5N210 Central Rd
General
- Price: $17,589,548
- Taxes: $3,949 (2021)
- Status: Active
- Type: Lots/Land
- MLS ID: 11608085
- Updated: 3/11/2024
- Added to Site: 436 day(s) ago
Location
- Area: Itasca
- County: Du Page
- Township: Addison
- Driving Directions: Lake Street & Rt. 53
- Location Details: Corner
School Information
- School District: 4
- Elem School District: 4
- Midd School District: 4
- High School District: 88
Utilities
- Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Water to Site
Structural Information
- Square Feet: 20.05
- Current Bldg. Use: Single Family
Lot Features
- Lot Size (Acres): 20.05
- Lot Size (Sq. Ft.): 873,378
- Lot Size Range: 10.0 to 24.99 Acres
- Lot Dimensions: 1 x 1
- Frontage: City Street
- Frontage Feet: 1
- Street/Road Desc.: Asphalt
- Potential 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
- Zoning: COMMR
Financial Considerations
- Tax Amount: $3,949.06
- Tax Year: 2021
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 318302025
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Schools
Schools serving 5N210 Central Rd
School Districts:Addison School District 4, Dupage High School District 88, Sd 45 Dupage County Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1404 W Stone Ave, Addison, IL 60101 | PK-5 | 1.2 mi | |
222 N Jf Kennedy Dr, Addison, IL 60101 | 6-8 | 2.2 mi | |
213 N Lombard Rd, Addison, IL 60101 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5N210 Central Rd
Date
Details
Price
Change
Source
3/05/2024
Price Reduced
$17,589,548
-7.23%
MLS
2/17/2023
Listed
$18,960,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5N210 Central Rd
Year
Property Taxes
Change
Tax Assessment
Change
2022
$4,144
5%
$65,230
4%
2021
$3,949
2%
$62,480
4%
2020
$3,876
-1%
$59,850
4%
2019
$3,905
-1%
$57,550
2%
2018
$3,964
5%
$56,440
5%
2017
$3,771
2%
$53,940
8%
2016
$3,689
2%
$49,800
8%
2015
$3,619
2%
$46,000
4%
2014
$3,554
2%
$44,280
-2%
2013
$3,489
3%
$45,180
-6%
2012
$3,397
—
$48,240
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5N210 Central Rd
5N210 Central Road, Itasca, IL 60143 (MLS# 11608085) is a Lots/Land property with a lot size of 20.05 acres. 5N210 Central Road is currently listed for $17,589,548 and was received on February 17, 2023. This property is listed by Rocco Zaccaro from our Oak Brook Office.Want to learn more about 5N210 Central Road? Do you have questions about finding other Lots/Land real estate for sale in Itasca? You can browse all Itasca real estate or contact a Coldwell Banker agent to request more information.