For Sale
$580,000

1041 Steger Rd Steger, IL 60475

8.8 acres, prime residential potential.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 8.867-acre parcel presents a remarkable opportunity for development in Steger, Illinois. Located at 1041 E Steger Rd, this property boasts 867 feet of frontage on high-traffic Steger Road, experiencing 12,105 vehicles daily. Its convenient location, just 0.5 miles from the Bishop Ford Freeway, ensures excellent accessibility. The land is largely level with partial wooded areas, ideal for detached single-family homes. Zoned R-1A, the property allows for the construction of detached single-family homes, with minimum lot sizes of 40,000 square feet (150 feet wide). Additional permitted uses include schools, recreational facilities, and places of worship. Special use permits are required for row houses, condominiums, and healthcare facilities. Building height is limited to 25 feet or 2.5 stories. Setbacks are 50 feet in the front and rear, and 15% of the lot width or 15 feet, whichever is less, on the sides. The median household income within a one-mile radius is $78,068, indicating a strong potential market for residential development. The property's APN is 32-35-302-009-0000. This is a truly exceptional opportunity for developers seeking a prime location with significant potential for residential growth. The asking price for this remarkable property is $580,000.

Highlights

  • 8.867-acre land parcel ideal for single-family home development.
  • 867 feet of frontage on high-traffic Steger Road (12,105 VPD).
  • Convenient location, 0.5 miles from Bishop Ford Freeway; $78,068 median household income within one mile.
  • Minimum lot size 40,000 sq ft (150' wide), maximum building height 25' (2.5 stories).
  • 50' front and rear setbacks; 15% of lot width or 15' side setbacks (whichever is less).

Property Details for 1041 Steger Rd

Property type
Land, Farms
Lot Size (sq. ft)
386,247 SF

Location Insight

City
Steger
County
Cook
State
Illinois
Latitude
41.46997708
Longitude
-87.5905357

FAQs

What type of property is this?
Land - 8.8 acres, prime residential potential.
Where is the land located?
The property is located at 1041 Steger Rd Steger, IL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 8.867-acre land parcel ideal for single-family home development.; 867 feet of frontage on high-traffic Steger Road (12,105 VPD).; Convenient location, 0.5 miles from Bishop Ford Freeway; $78,068 median household income within one mile.
How can I contact the broker?
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1041 Steger Rd
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