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    421 Leonard St Park Ridge, IL 60068

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    For Sale
    $830,000

    Desirable Park Ridge location to build your dream home.

    Property Features for 421 Leonard St

    General Information

    Standard status
    Active
    Source: Corcoran

    Listing Agent: Hristin Velev

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Park Ridge Land Opportunity

    Located in the highly desired Country Club area of Park Ridge, this property presents an opportunity to build a custom home. The lot measures 50x195 feet. The location offers proximity to the town, train, shopping, and restaurants. The property is within the Eugene Field, Emerson, and Maine South High Schools district. Currently on the lot is a house and garage, both described as being in rough condition, suggesting either demolition or complete rehabilitation. The value is primarily attributed to the land.
    Property Profile Insight Report 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 Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Park Ridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.8356352
    Latitude
    42.0165315

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    FAQs

    What type of property is this?
    Land - Desirable Park Ridge location to build your dream home.
    Where is this land located?
    The property is located at 421 Leonard St Park Ridge, IL.
    What is the asking price?
    The asking price for this property is $830,000.
    What are key features of this property?
    This property features: - Highly desired Country Club area of Park Ridge location.; - Extra deep 50x195 lot.; - Value is in the land.
    (847) 255-3900
    Request Owner's contact information
    421 Leonard St Park Ridge, IL 60068
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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
    421 Leonard St Park Ridge, IL 60068
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