Listing Agency: CBRE - Oak Brook t***@cbre.com Show Phone

Listed By: Tony Gange · License #475093247 Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 8 Last Checked: Jul 16 at 5:39AM

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Investment Insights

Based on property information with market context.

This 5-acre residential land is approved for the construction of 69 townhome units, with an average unit size of 1,850 square feet. The development plan includes 35 two-bedroom units and 34 three-bedroom units. The developer may be eligible for an estimated TIF reimbursement of up to $6,852,000 from property taxes. The property is located 2 miles from the Prospect Heights Metra Station, which provides daily service to Chicago. It also offers convenient access to I-294 via Willow Road and I-290 via Palatine Road.

Key Highlights

• Approved for 69 townhome units.
• Estimated TIF to reimburse developer up to $6,852,000 from property taxes.
• Average unit size of 1,850 SF.

Property Analytics

Property Profile

Current Use

Homestead Tree Removal ... Landscaping

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

375

Businesses Nearby

Explore this area Business Placement

Demographics for 60070, IL

15,840

Population

6,353

Households

2.5

Avg Household Size

41

Median Age

36%

College-Educated

84%

High-School Grad

4.0 sq mi

ZIP Area

3,960

Density / Sq Mi

$91,210

Median Household Income

$47,929

Median Earnings

$1,391

Median Rent

$343,100

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this residential land & home lots located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - Land approved for 69 townhome units near Metra.

Where is this residential land & home lot located?

The property is located at 1001 Oak Avenue Prospect Heights, IL.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Approved for 69 townhome units.; Estimated TIF to reimburse developer up to $6,852,000 from property taxes.; Average unit size of 1,850 SF.