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    140 E 118Th St Chicago, IL 60628

    Picture of Land at E 118Th St 140, Chicago, IL
    For Sale
    Contact for pricing

    Land - Chicago, IL

    Days on Market:
    214
    Last Refresh:
    Dec 6 at 11:06 pm

    Property Features for 140 E 118Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    25223140300000

    Building Details

    Architectural style
    Other

    Avenue One Realty Group (773) 622-4663 [email protected]

    Listing agent Ronald Ohr (773) 622-4663 License #471020729

    Listing date May 7, 2025

    MLS# 12359326 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Land Development Opportunity

    This 25x107 land parcel, zoned RS-3, presents a development opportunity for residential projects, including single-family homes and two-flat buildings. The property is conveniently located near Palmer Park and offers easy access to I-57, the Skyway, public transportation, and a train station. Situated in a rapidly developing area with a mix of modern and newly renovated homes, the location is primed for future growth. This presents an opportunity to invest in an area with strong potential. Subject to Bankruptcy Court Approval. Buyers are responsible for conducting their due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.618973
    Latitude
    41.680153

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    FAQs

    What type of property is this?
    Land - Residential land near Palmer Park, convenient access to transportation.
    Where is this land located?
    The property is located at 140 E 118Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $19,900.
    What are key features of this property?
    This property features: - Zoned RS-3: Offers flexibility for residential development.; - Prime Location: Situated in a rapidly developing area with modern and renovated homes.; - Convenient Access: Close to I-57, Skyway, public transportation, and train station.
    (773) 622-4663
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    140 E 118Th St Chicago, IL 60628
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    Chicago, IL 60628
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    140 E 118Th St Chicago, IL 60628
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