** MOTIVATED SELLER of an inherited family property **VALUE IN THE LAND** Rarely available lot size + natural beauty! Attention builders, developers and investors! Here's your chance to capitalize on an approved lot division - a total of 1.8 acres - in the vibrant community of Des Plaines. *** Currently Zoned R-1 (potential for re zoning to R2, or R3). Discussions with the city includes possibility of resubdivision into 24-26 multifamily units or 8-10 townhomes. Property is being sold (1.88 acres) as either land or a detached single-family home. *** The home is located 250-300 feet off Ballard Road where IDOT installed a drainage system in 2021. *** Please see surveys and floodplain info under Addtl Info. *** Half of property in 500-year flood zone (which is of no significance) and half in 100-year flood zone *** Owners have never had any water for 50 years of ownership. With convenient access to the 294 expressway, you're just moments away from O'Hare International Airport and Advocate Lutheran General Hospital, the Des Plaines River Trail and Big Bend Lake. This property is nestled in a wooded area, offering a variety of possibilities. It can be partitioned for two single-family homes, or be transformed into new residential homes or townhomes. This is a fantastic opportunity for the next owner providing a lot of flexibility. With two PIN numbers, part of the land can be partitioned, allowing for full development potential - both lots or just one. A quick 4-minute drive to downtown Des Plaines and the Des Plaines Metra train station. Maine East and West are options for High School. Don't miss out-this property is also available as a single-family home.
— the listing agent’s description
The home
1.88-acre lot
Land
What it’ll cost
$15,418 taxes / yr
No HOA
Listed $775,000
Now $649,000
109 days on dwello
Estimated monthly payment
$4,925/mo
Principal & interest$3,451
Property taxes$1,285
Homeowners insurance$189
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Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.