1041 Steger Rd Steger, IL 60475
- Land
- 8.87 lot acres
Current Use by Public Records
- Land
Property Details for 1041 Steger Rd
- Lot size
- 8.87 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 8.867-acre parcel presents a remarkable opportunity for development in Steger, Illinois. Located at 1041 E Steger Rd, this property boasts 867 feet of frontage on high-traffic Steger Road, experiencing 12,105 vehicles daily. Its convenient location, just 0.5 miles from the Bishop Ford Freeway, ensures excellent accessibility. The land is largely level with partial wooded areas, ideal for detached single-family homes. Zoned R-1A, the property allows for the construction of detached single-family homes, with minimum lot sizes of 40,000 square feet (150 feet wide). Additional permitted uses include schools, recreational facilities, and places of worship. Special use permits are required for row houses, condominiums, and healthcare facilities. Building height is limited to 25 feet or 2.5 stories. Setbacks are 50 feet in the front and rear, and 15% of the lot width or 15 feet, whichever is less, on the sides. The median household income within a one-mile radius is $78,068, indicating a strong potential market for residential development. The property's APN is 32-35-302-009-0000. This is a truly exceptional opportunity for developers seeking a prime location with significant potential for residential growth. The asking price for this remarkable property is $580,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Steger
- County
- Cook
- State
- Illinois
- Longitude
- -87.5905
- Latitude
- 41.47
