1329 Waukegan Rd, Deerfield, IL 60015
This exceptional 2.1-acre lot in prestigious Deerfield, IL, presents a unique investment opportunity for developers and builders. Located at 1329 Waukegan Rd, this R-1 zoned property offers the potential for subdivision into 2-3 lots, allowing for the construction of large single-family homes. Alternatively, the existing single-family home could be expanded upon, or demolished to create a single, expansive residence. The property's prime location provides easy access to Interstate highways, the Metra station (a 13-minute walk), award-winning schools (Walden Elementary, Shepard Middle School, and Deerfield High School are within walking distance), and the vibrant downtown Deerfield area, including shopping, dining, parks, and a pool. A plat of survey is available, demonstrating the lot's suitability for subdivision, meeting all City of Deerfield requirements using a private cul-de-sac road. This rare offering in an established community represents a truly exceptional opportunity to acquire a substantial lot in a highly desirable location. The asking price is $950,000, and the property is offered fee simple. The APN is 16292000110000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.