560 Homan Ave Matteson, IL 60443
This exceptional 5.75-acre lot, located at 560 S Homan Ave, Matteson, IL 60443 (APN: 31-23-411-018-0000), presents a unique opportunity for residential development. Situated in Cook County, Illinois, this property boasts a convenient location bordering Park Forest. The land is currently zoned R-2, opening possibilities for various residential projects. The asking price is $450,000, and seller financing may be available, making this an attractive investment. The expansive lot size provides ample space for a substantial development, catering to a range of residential needs. Its prime location offers easy access to local amenities and transportation networks, enhancing its appeal to potential buyers and residents. This is a rare opportunity to acquire a significant parcel of land in a desirable area, ideal for developers seeking to capitalize on the growing demand for residential properties. The property's R-2 zoning designation provides flexibility in development plans, allowing for a variety of residential construction options. Serious inquiries are encouraged to explore the potential of this exceptional development opportunity. Detailed zoning information and development guidelines are readily available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.