This Land Redevelopment Opportunity is located in Itasca, DuPage County, Illinois. Made up of 24 single family homes which offer a total of +/- 20.05 acres of land. These parcels would be included in an annexation into the village of Addison, IL. The subject land is approximately 27 miles northwest of downtown Chicago. It is close to O'Hare International Airport, major expressways, major retailers, and rail transportation. The subject land is more specifically located at the Northeast corner of the intersection of Lake Street, and Route 53. The land sits between Central Road to the West border, Grove St on the North Border, and Prescott Pl., Physician Immediate Care, Dunkin Donuts, Mario's Deli, Bigsby, DeMarco's Restaurant, and Lake Street to the South border. The village does not have a set density, but for single-family development that would generally mean somewhere between 3.6 and 5.7 units per acre. The village is in favor of zoning a multi-story condo or mixed-use building as an R4 planned development, which would allow up to six stories. The R4 district permits the development of 21-33 units per acre depending on the number of bedrooms in the units. The minimum lot size for single-family varies depending on the zoning district. This area abuts residential neighborhoods that are zoned R2 (8,400 square feet per lot) and R3A (7,600 square feet per lot). Currently, the land consists of 24 Single Family Homes which offer a total of +/- 20.05 acres of land. There is potential to acquire an additional 4.76 acres (please call for additional information). This opportunity is an Investor/Developer's Dream! An investor can take full advantage of this real estate opportunity by capitalizing on the usage of the land for redevelopment which is located in an extremely rare location in an already established suburban submarket.
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (630) 954-4600
Listing Agent: Rocco Zaccaro
Lot Features
Lot Information:
Lot Size: 20.05 Acres
School Info
Assigned Schools Information:
Addison Trail High School, Public District Grades 9-12
Indian Trail Jr High School, Public District Grades 6-8
Stone Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: Lake Street & Rt. 53
Price Information
Listing Price Info
Price Summary:
List Price: $17,589,548
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Housing Market Comparison
See how this home compares to others in Itasca, IL.
This property is $17.2M more than the Median Sold Price in Itasca, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MRED
MLS Number: #11608085
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (630) 954-4600
Listing Agent: Rocco Zaccaro
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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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
6
/10
Stone Elementary School
1404 W Stone Ave
Distance between this listing and this school1.14 miles
Public District Grades KG-5
Middle School
4
/10
Indian Trail Jr High School
222 N Jf Kennedy Dr
Distance between this listing and this school1.44 miles
Public District Grades 6-8
High School
5
/10
Addison Trail High School
213 N Lombard Rd
Distance between this listing and this school1.44 miles
Public District Grades 9-12
Assigned Schools
6
/10
Stone Elementary School
1404 W Stone Ave
Distance between this listing and this school1.14 miles
Public District Grades KG-5
Nearby Schools
5
/10
Wesley Elementary School
1111 W Westwood Trl
Distance between this listing and this school1.30 miles
Public District Grades KG-5
8
/10
Dujardin Elementary School
166 Euclid Ave
Distance between this listing and this school1.87 miles
Public District Grades PK-5
Assigned Schools
4
/10
Indian Trail Jr High School
222 N Jf Kennedy Dr
Distance between this listing and this school1.44 miles
Public District Grades 6-8
Nearby Schools
7
/10
F E Peacock Middle School
301 E North St
Distance between this listing and this school2.01 miles
Public District Grades 6-8
10
/10
Westfield Middle School
149 Fairfield Way
Distance between this listing and this school2.17 miles
Public District Grades 6-8
Assigned Schools
5
/10
Addison Trail High School
213 N Lombard Rd
Distance between this listing and this school1.44 miles
Public District Grades 9-12
Nearby Schools
8
/10
Lake Park High School
500 W Bryn Mawr Ave
Distance between this listing and this school3.76 miles
Public District Grades 9-12
6
/10
Fenton High School
1000 W Green St
Distance between this listing and this school3.82 miles
The neighbors living near this home have an average income of $116,865. Typical income of Itasca, IL residents is between $100k-200k annually. Most families are married, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5N210 Central Rd
What is the listing price of this property?
The listing price of 5N210 Central Rd property is $17,589,548.
What type of property is this?
The property 5N210 Central Rd is land located in Itasca, Illinois, 60143.
Is this property for sale now?
Active Listing: 5N210 Central Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 5N210 Central Rd are: Stone Elementary School: GreatSchools Rating 6/10Indian Trail Jr High School: GreatSchools Rating 4/10Addison Trail High School: GreatSchools Rating 5/10
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This home is located at 5N210 Central Rd in Itasca, IL and zip code 60143 in the Hills of Itasca neighborhood. This home sits on a 20.05 acre lot. It has been listed on Rocket Homes since February 17, 2023 and is currently priced at $17,589,548.
In March 2024 more than 5 listings in Itasca, IL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below. The number of homes for sale in Itasca, IL increased by 14.3% between February 2024 and March 2024. In March 2024, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $385,000.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved. 
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