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Property profile & analytics

323 Oak Ridge Ave Hillside, IL 60162

  • Commercial real estate
  • 0.38 lot acres
Value Estimation
Last Sale
May 28, 2025
Location Intelligence
Property ID
US28-1218603
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Oakridge Healthcare Center / Nursing Home / Rehabilitation Center
  • Aperion Care Hillside / Nursing Home
  • Samir Bhalla / Geriatrician / Internist
  • Muhammad Haque / Physiatrist
  • Muhammad Shamimul Haque / Sports Medicine Physician

Property Details for 323 Oak Ridge Ave

Year built
1963
Lot size
0.38 lot acres
Property type
Commercial real estate
APN
15-17-413-052
APU
1517413052

Description

This exceptional redevelopment opportunity presents a substantial 20,482 square foot property located at 323 Oak Ridge Avenue in Hillside, Illinois. Currently configured as a 73-bed nursing home, this property is soon to be closed, offering a blank canvas for a variety of exciting new ventures. The expansive 1.43-acre lot is zoned R-4, providing significant flexibility for future development plans. Its tranquil location on a quiet street, just off Roosevelt Road, offers a peaceful setting while maintaining convenient access to major thoroughfares. The substantial square footage and generous lot size present a rare opportunity for developers seeking a prime location in a desirable area. The property's existing infrastructure provides a solid foundation for a range of potential projects, from residential to commercial developments. Given the zoning and size, this property is well-suited for multi-family housing, assisted living facilities, or other high-density projects. The quiet neighborhood adds to the appeal, offering a desirable living environment for future residents. This is a unique chance to acquire a significant piece of land with considerable potential in a growing community. Serious inquiries are encouraged to explore the possibilities this property offers. The property is priced at $995,000.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $315,000
  • CAP approach

    CAP return
    Estimation
    6%
    $400,000
    6.5%
    $375,000
    7%
    $395,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $365,000
    Geo Method
    $340,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $370,000
    Retail
    $360,000
    Mixed-Use
    $415,000
    Hospitality
    $355,000
    Educational
    $435,000
    Residential Income
    $440,000
    Energy
    $325,000
    Income-Based Land
    $395,000
    Food Service
    $320,000

Location Insight

  • Map
  • Local Demand
City
Hillside
County
Cook
State
Illinois
Longitude
-87.8877
Latitude
41.8648
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$153,270
$33,392
$375,144
$408,536
-
$133,568
$1,500,576
$1,634,144
More about this property
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