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401-407 West Chestnut Street, Olney, IL 62450

Two residential home-lot parcels are offered together or separately, giving flexibility for future build-out plans.

Property Size15,682 SF
Price / SF$0.64
Days on Market212

Property Features for 401-407 West Chestnut Street

General Information

Standard status Active
Size 15,682 SF
Property subtype Land
Zoning R-3

Taxes and HOA fees

Annual Taxes $111
Listing Agency: Stence Realty
Listed By: Wes Smith · License #475198897
Source: Compass
Added: Jan 11 Changed: Aug 8 Last Checked: Jul 20 at 11:28PM

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 Stence Realty

Investment Insights

Based on property information with market context.

A rare blank-slate offering: two residential home-lot parcels are available for purchase either together or separately. The listing is structured to allow buyers to select the parcel(s) that best fit their needs, whether that means pursuing one build plan or acquiring both lots as a combined opportunity.

The lots are described as being only a few blocks from downtown, placing them within easy reach of the area’s core amenities.

For buyers evaluating build sites, the opportunity includes two distinct parcels identified as 401 and 407 West Chestnut Street in the listing information. Call for availability and to confirm the intended parcel selection for your project.

Key Highlights

  • Two residential lots sold together or separately: lot 407 and lot 401
  • Lot 407 listed at $7,000
  • Lot 401 listed at $3,000

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Dental Office Grocery & Convenience Store

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

506
Businesses Nearby

Demographics for 62450, IL

11,978
Population
5,881
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
157.3 sq mi
ZIP Area
76
Density / Sq Mi
$60,133
Median Household Income
$37,218
Median Earnings
$761
Median Rent
$111,600
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Two residential home-lot parcels are offered together or separately, giving flexibility for future build-out plans.
Where is this residential land & home lot located?
The property is located at 401-407 West Chestnut Street Olney, IL.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Two residential lots sold together or separately: lot 407 and lot 401; Lot 407 listed at $7,000; Lot 401 listed at $3,000
More about this property
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