10 months on rocket

5613 W 103rd St, Oak Lawn, IL, 60453

$499,000

Land
Schools Nearby

Location

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Property Highlights

Home TypeVacant Land
MLS #11796950
StatusActive

About 5613 W 103rd St

This corner lot presents an exceptional development opportunity. Situated at a prime corner location, this 125x125 lot offers a sprawling space that is ripe for development into a diversified range of residential and commercial real estate ventures. Currently R1 zoning, but this rare golden prospect harbors ample opportunities for enterprising developers keen on capitalizing on the burgeoning real estate market. Whether it's building a community of attractive condominiums or multi-family apartments or crafting a mixed-use retail complex designed for modern living, this plot of land serves as the perfect launchpad for a savvy development project. Don't let this one-of-a-kind land opportunity pass you by!

Property Details

Property Features

Listing Office:

  • Office Name: Compass
  • Office Phone: (773) 466-7150
  • Listing Agent: Melanie Giglio

School Info

Assigned Schools Information:

  • H L Richards High Sch(Campus), Public District Grades 9-12
  • Elden D Finley Jr High School, Public District Grades 6-8
  • Ridge Lawn Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: CORNER OF 103RD ST AND CENTRAL AVENUE

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,000
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Housing Market Comparison

See how this home compares to others in Oak Lawn, IL.

Med. Sold Price

$251.5K

Med. Price/SqFt

$175

Avg. Days On Market

22

# of Sold Homes

60

5613 W 103rd St vs Oak Lawn

306 DAYS ON ROCKET

+284 Days

$499,000

+$247.5K More

KEY TAKEAWAY

This property is $247.5K more than the Median Sold Price in Oak Lawn, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #11796950

Listing Office:

  • Office Name: Compass
  • Office Phone: (773) 466-7150
  • Listing Agent: Melanie Giglio

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Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$2,558

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3163124
3
/10
  • Ridge Lawn Elementary School

  • 5757 105th St

  • 0.33 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3163125
4
/10
  • Elden D Finley Jr High School

  • 10835 Lombard Ave

  • 0.96 miles

  • Public District Grades 6-8

High School

school-card-donut-3163126
3
/10
  • H L Richards High Sch(Campus)

  • 10601 Central Ave

  • 0.43 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,118. Most Oak Lawn, IL residents have annual incomes less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5613 W 103rd St

What is the listing price of this property?

The listing price of 5613 W 103rd St property is $499,000.

What type of property is this?

The property 5613 W 103rd St is land located in Oak Lawn, Illinois, 60453.

Is this property for sale now?

Active Listing: 5613 W 103rd St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5613 W 103rd St are:
Ridge Lawn Elementary School: GreatSchools Rating 3/10
Elden D Finley Jr High School: GreatSchools Rating 4/10
H L Richards High Sch(Campus): GreatSchools Rating 3/10
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Rocket HomesIllinoisCook CountyOak Lawn604535613 W 103rd St

This home is located at 5613 W 103rd St in Oak Lawn, IL and zip code 60453. It has been listed on Rocket Homes since June 27, 2023 and is currently priced at $499,000.

Oak Lawn, IL housing market in March 2024 saw over 19 listings sold above listed price, more than 15 sold at listed price and over 26 sold below. The inventory of homes for sale in Oak Lawn, IL between February 2024 and March 2024 increased by 9.6%. In March 2024, listings were on the market for 22 days. During the same period, the median list price in this real estate market was $251,500.

From Rocket Homes Real Estate and based on county public records data.

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