Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    22501 Karlov Ave Richton Park, IL 60471

    For Sale
    $59,900

    Land - Richton Park, IL

    Lot size:
    2.70 Acres
    Days on Market:
    181
    Last Refresh:
    Dec 11 at 5:06 am

    Property Features for 22501 Karlov Ave

    General Information

    Special listing conditions
    Real Estate Owned
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Real Estate Owned
    Standard status
    Active
    Zoning
    SINGL
    APN
    31342010190000
    Lot size
    2.70 Acres

    Building Details

    Architectural style
    Other

    Remax 10 (708) 857-1500 [email protected]

    Listing agent Charlotte Miles (708) 429-4300 License #471010237

    Listing date Jun 14, 2025

    MLS# 12213852 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

    Richton Park Land Opportunity

    This is an opportunity to purchase 2.76 acres of land suitable for building several homes. Street access is available from Karlov Avenue on the east side. There is also the option to acquire 24+ acres in the same vicinity. The property is located in Richton Park, Illinois.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richton Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7154386
    Latitude
    41.4816062

    Nearby Similar for Sale

    • $385,000
      8,467 SF

      Richton Park Retail Investment

      8,467 SF Multi-Tenant Retail Building
      3911 Sauk Trl, Richton Park, IL 60471
      View Details

    FAQs

    What type of property is this?
    Land - 2.76 acres of land suitable for building several homes.
    Where is this land located?
    The property is located at 22501 Karlov Ave Richton Park, IL.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: - Opportunity to build multiple homes on 2.76 acres.; - Street access from Karlov (east side).; - Option to acquire a significantly larger parcel (24+ acres) in the same area.
    (708) 429-4300
    Request Owner's contact information
    22501 Karlov Ave Richton Park, IL 60471
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    22501 Karlov Ave
    Richton Park, IL 60471
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    22501 Karlov Ave Richton Park, IL 60471
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.