Residential Development Opportunity Near
For Sale
Contact for pricing
Pending
1794 W Lake St, Hanover Park, IL 60133
8-acre site approved for 169 attached homes near Metra.
Property SizeContact for details
Lot Size8.00 Acres
Days on Market1057
Property Features for 1794 W Lake St
General Information
Standard status
Pending
Lot size
8.00 Acres
Property subtype
Land
Zoning
Village Center Mixed-Use Core
Listing Agency:
Madison Commercial Real Estate LLC
Listed By:
Chris Tiedeman · License #IL
Source:
Crexi
Added: Nov 13, 2023
Changed: Sep 24
Last Checked: Oct 4 at 8:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Madison Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This 8-acre property presents a residential development opportunity. Conceptually approved for approximately 169 attached homes, the site is zoned Planned Unit Development (PUD) with underlying designations of VC-C (Village Center Mixed-Use Core District) and B-2 (Local Business District). The VC-C zoning supports high-density, pedestrian-oriented development along major corridors and near transit, allowing for a wide mix of residential and commercial uses. The property is located at the northwest corner of Barrington Road and Lake Street (Route 20) in Hanover Park, Illinois, offering visibility and access. It is positioned near major regional connectors including I-390 (Elgin-O’Hare Expressway) and approximately 0.2 miles (4–5 minutes walking distance) from the Hanover Park Metra Station, which provides a direct 45-minute ride to Chicago Union Station. The recently approved MPD site plan includes 11 granted variances to allow maximum development flexibility. Nearby amenities include Starbucks, Hanover Square Shopping Center, restaurants, and retail. Phase I&2 environmental, soil borings, and test pits results are available.
Key Highlights
- Premier infill 8‑acre residential development opportunity.
- Conceptual approval for approximately 169 attached homes.
- Located 0.2 miles (5‑minute walk) from Hanover Park Metra Station with a 45‑minute ride to Chicago Union Station.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
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Business Placement
Demographics for 60133, IL
37,494
Population
11,573
Households
3.2
Avg Household Size
35
Median Age
29%
College-Educated
84%
High-School Grad
8.4 sq mi
ZIP Area
4,464
Density / Sq Mi
$92,263
Median Household Income
$40,743
Median Earnings
$1,478
Median Rent
$260,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 8-acre site approved for 169 attached homes near Metra.
Where is this residential land & home lot located?
The property is located at 1794 W Lake St Hanover Park, IL.
What are key features of this property?
This property features: Premier infill 8‑acre residential development opportunity.; Conceptual approval for approximately 169 attached homes.; Located 0.2 miles (5‑minute walk) from Hanover Park Metra Station with a 45‑minute ride to Chicago Union Station.
