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    11250 Archer Ave Lemont, IL 60439

    For Sale
    $950,000

    Prime Lemont land, 48 residential units, excellent investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents 35 single-family lots and a 14-lot townhome development, totaling 48 units. Located at 11250 Archer Avenue in Lemont, Illinois (zip code 60439), this Cook County property is priced at $950,000. The existing subdivision offers a variety of attractive home designs. Single-family homes feature six ranch plans with walk-out basements, each boasting two bedrooms and two bathrooms, and a generous 1702 square feet (Florenza model). Four two-story models (Modesto) are also available, offering three bedrooms, two and a half bathrooms, and 1868 square feet, with two featuring walk-out basements. The development originated in 2016, providing a solid foundation for immediate returns or future expansion. This property's prime location in Lemont, Illinois, offers significant potential for growth and profitability. The detailed plans and existing infrastructure make this a turnkey investment opportunity ready for immediate development or rental income generation. This is a rare chance to acquire a substantial residential land parcel in a desirable location.

    Property Features for 11250 Archer Ave

    General Information

    Property type
    Land

    HighLights

    • 48‑unit residential development in Lemont, IL (60439): 35 single‑family lots and 14 townhome lots.
    • Developed in 2016.
    • Single‑family homes offer six ranch plans (1,702 sq ft, 2 bed/2 bath) and four two‑story plans (1,868 sq ft, 3 bed/2.5 bath); two two‑story models feature walk‑out basements.
    • $950,000 asking price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mithil Myth Patel ... Real Estate Agent

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Pharmacy Auto Parts Store Department Store Kitchen & Bath Car Rental Cosmetics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemont
    County
    Cook
    State
    Illinois
    Longitude
    -87.934475
    Latitude
    41.685893

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    FAQs

    What type of property is this?
    Land - Prime Lemont land, 48 residential units, excellent investment.
    Where is this land located?
    The property is located at 11250 Archer Ave Lemont, IL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 48-unit residential development in Lemont, IL (60439): 35 single-family lots and 14 townhome lots.; Developed in 2016.; Single-family homes offer six ranch plans (1,702 sq ft, 2 bed/2 bath) and four two-story plans (1,868 sq ft, 3 bed/2.5 bath); two two-story models feature walk-out basements.
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    11250 Archer Ave Lemont, IL 60439
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    Lemont, IL 60439
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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
    11250 Archer Ave Lemont, IL 60439
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