Residential Development Opportunity Near
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1794 West Lake Street, Hanover Park, IL 60133
8-acre site approved for 169 attached homes near Metra.
Property Size8 SF
Lot Size8.00 Acres
Days on Market138
Property Features for 1794 West Lake Street
General Information
Standard status
Active
Size
8 SF
Lot size
8.00 Acres
Property subtype
Land
Listing Agency:
CBRE | Oak Brook
(630) 573-7804
Listed By:
Mike Smith
(630) 573-7804
Source:
Cbre
Added: Mar 25
Changed: Aug 8
Last Checked: Jul 16 at 3:24AM
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 CBRE | Oak Brook
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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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 West Lake Street 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.
