Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    Kedzie Ave University Park, IL 60484

    Sponsored
    For Sale
    $162,900

    5.4 Acres, R-4 Zoning, Owner Financing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.4-acre parcel in University Park, Illinois, presents a prime opportunity for residential development. Zoned R-4, it's ideal for townhomes or multi-family dwellings. The property boasts convenient access to amenities, including the University Park Police Station (within walking distance), University Park Town Center shopping, and Deer Creek Golf Course (a short drive away). Governors State University, with its large student population, is also nearby, creating strong rental demand. All utilities are at the property line. The location offers significant advantages, situated just 30 miles south of Chicago and within close proximity to major employers, including a new Amazon distribution center and numerous warehouses and logistics facilities. This translates to a robust potential tenant pool for any developed residential units. The site's strategic location near the university and employment hubs makes it an attractive investment, further enhanced by the availability of owner financing. The APN is 2114123060180000. This is a fee simple ownership. The asking price is $162,900.

    Property Features for 0 Kedzie Ave

    General Information

    Property type
    Land
    Lot Size
    235,224 SF

    HighLights

    • $162,900 asking price for 5.4 acres of land.
    • R‑4 zoning permits townhomes and multi‑family development.
    • Located in University Park, IL (Will County), 30 miles south of Chicago.
    • Excellent location near University Park Police Station, shopping, Deer Creek Golf Course, and Governors State University.
    • Utilities at site edge; owner financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    University Park
    County
    Will
    State
    Illinois
    Longitude
    -87.69022
    Latitude
    41.4460513

    Nearby Comparable

    • $6,750,000
      123,600 SF

      Industrial and Cold Storage Warehouse

      80,116 SF industrial and cold storage warehouse for sale.
      80-90 St N, Park Forest, IL
      View Details
    • Contact for pricing
      33 SF

      University Park Land Parcel

      Land parcel available in University Park, Illinois.
      Dralle Rd. & Central Rd, University Park, IL 60466
      View Details
    • $5,995,000

      Industrial Land Near I-57 Interchange

      55.64 acres of industrial-zoned land in University Park, Illinois.
      Sec Of Stuenkel Rd. And Central Ave, University Park, IL 60484
      View Details
    • $999,000
      8.73 Acres

      Monee Land at Highway Junction

      8.73 acres of commercially zoned land near I-57.
      24306 S Governors Hwy, Monee, IL 60449
      View Details

    Nearby Similar for Sale

    • $6,750,000
      123,600 SF

      Industrial and Cold Storage Warehouse

      80,116 SF industrial and cold storage warehouse for sale.
      80-90 St N, Park Forest, IL
      View Details
    • $6,750,000
      123,600 SF

      Park Forest Warehouse/Manufacturing Opportunity

      123,000 SF warehouse/manufacturing, office and industrial business park.
      80-90 North St, Park Forest, IL 60466
      View Details
    • $1,500,000
      12,600 SF

      Free-Standing Building with Division Potential

      12,600 SF building divisible into six units for sale.
      49-59 North St, Park Forest, IL 60466
      View Details
    • $6,750,000
      123,600 SF

      Park Forest Industrial Redevelopment

      123,600 SF, 7.5 Acres, Value-Add Opportunity
      80 North St, Park Forest, IL 60466
      View Details
    • Contact for pricing
      12,600 SF

      Park Forest Shopping Center Investment

      12,600 SF Retail Center, 6 Units
      49-59 North St, Park Forest, IL 60466
      View Details

    FAQs

    What type of property is this?
    Land - 5.4 Acres, R-4 Zoning, Owner Financing
    Where is this land located?
    The property is located at Kedzie Ave University Park, IL.
    What is the asking price?
    The asking price for this property is $162,900.
    What are key features of this property?
    This property features: $162,900 asking price for 5.4 acres of land.; R-4 zoning permits townhomes and multi-family development.; Located in University Park, IL (Will County), 30 miles south of Chicago.
    Request Owner's contact information
    Kedzie Ave University Park, IL 60484
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Kedzie Ave
    University Park, IL 60484
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Kedzie Ave University Park, IL 60484
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.