49-105 Pr Ave. And Burtis Ave Highwood, IL 60040
- Land
- 30,000 SF
Current Use by Public Records
- Land
Property Details for 49-105 Pr Ave. And Burtis Ave
- Property size
- 30,000 SF
- Property type
- Land
Description
This exceptional redevelopment opportunity encompasses three contiguous parcels totaling 30,000 square feet in desirable Highwood, Illinois. Located at 49-105 Prairie Avenue and Burtis Avenue (60040), this property presents a unique chance to capitalize on Highwood's thriving growth. The site is comprised of three parcels: 14,781 sq ft at 105 Prairie Ave, 7,500 sq ft at 49 Prairie Ave, and 7,889 sq ft on Burtis Ave. The Prairie Avenue lots are zoned R-4, allowing for multi-family development, while the Burtis Avenue lot is zoned R-1, suitable for single-family residences. This flexibility offers developers significant design options. The property's proximity to downtown Highwood, Oak Terrace School, and convenient access to Metra and bus lines enhances its appeal. Highwood boasts a strong business community, a vibrant culinary scene, and numerous annual events. The asking price is $399,000, translating to $13.30 per square foot. 2019 property taxes were $16,288.32. Individual lot sales are considered. This is a rare chance to acquire prime development land in a rapidly growing Chicago suburb.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Highwood
- County
- Lake
- State
- Illinois
- Longitude
- -87.8106
- Latitude
- 42.1995
