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Price cut: $51,000
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Land · Oak Forest, IL
$499,000$550,000
beds · baths
16224 Cicero Avenue, Oak Forest, IL, 60452
A brick-and-mortar place to make your own — room to make it home.
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What’s special

0.92-acre lot
Incredible development opportunity on busy Cicero Ave in Oak Forest. Sitting across from the Oak Forest Health center and Heritage Forest Preserve, and just north of the Midlothian Reservoir, this prime location boasts high traffic counts, great street visibility, and easy access via the 3 curb cuts. This location already has renderings for potential development (in brochure), however it could also be a great location for a car wash, tire/oil change facility, and a variety of other business uses. This excellent opportunity will not last long, bring your ideas and watch them flower into success!
— the listing agent’s description

The home

0.92-acre lot
Land

What it’ll cost

$14,875 taxes / yr
No HOA
Listed $550,000
Now $499,000
483 days on dwello

Estimated monthly payment

$4,039/mo
Principal & interest$2,653
Property taxes$1,240
Homeowners insurance$146
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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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483 days on dwello
Price history
Price reduced
Apr 29, 2026
↓ $51,000$499,000
Listed for sale
Jan 2, 2025
$550,000
Now $51,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$14,875/yr
Assessed value
2025
County assessor
$4,388
2024
$4,388
2023
$4,388
2022
$4,680
2021
$4,680
2020
$4,680
2019
$4,387
2018
$7,674
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Derek Gonsch · Sperry Van Ness
Listing last updated Apr 29, 2026 · data refreshed from the MLS Jun 17, 2026, 6:14 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 6:14 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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