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    2020 N Chestnut Ave Arlington Hts, IL 60004

    Picture of Land at N Chestnut Ave 2020, Arlington Hts, IL
    Under Contract
    For Sale
    $850,000

    Land - Arlington Heights, IL

    Lot size:
    1.65 Acres
    Days on Market:
    96
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 2020 N Chestnut Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    SINGL
    APN
    03184010080000
    Lot size
    1.65 Acres

    Building Details

    Architectural style
    Other

    RE/MAX Suburban (847) 577-9797 [email protected]

    Listing agent Sheila Brunetti (847) 577-9797 License #475130168

    Listing date Sep 9, 2025

    MLS# 11951950 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

    Arlington Heights Land Development Opportunity

    This property presents an amazing development opportunity in a prime location within Arlington Heights. The land offers the potential for constructing two homes, with one facing Chestnut Avenue and the other facing Ridge Avenue, each on very large lots. There is a possibility of building up to four homes, subject to the Village of Arlington's approval. The existing home on the property requires demolition. The location is near Frontier Park and various shopping options, and it benefits from outstanding schools. The lot size is 1.65 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington Hts
    County
    Cook
    State
    Illinois
    Longitude
    -87.988801
    Latitude
    42.114062

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    FAQs

    What type of property is this?
    Land - Land available for development in prime Arlington Heights location.
    Where is this land located?
    The property is located at 2020 N Chestnut Ave Arlington Hts, IL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Prime location in Arlington Heights.; - Development opportunity for multiple homes.; - Large lots suitable for building.
    (847) 577-9797
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    2020 N Chestnut Ave Arlington Hts, IL 60004
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    Arlington Hts, IL 60004
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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
    2020 N Chestnut Ave Arlington Hts, IL 60004
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