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16023 118th Avenue Orland Park, IL 60467

$350,000
New / MLS# 12634813 / Land - Residential / Orland Park
0 Beds

This exceptional 5-acre vacant lot offers a rare opportunity to build your dream home (or multiple homes) in the highly desirable southwest suburbs of Orland Park, Illinois. Located at 16023 118th Ave, the property features a peaceful, wooded setting with mature trees and a creek running through the rear portion of the second parcel. This natural waterway creates beautiful scenery while offering the potential to adjust lot lines, possibly excluding the primary buildable area from the floodplain and reducing or eliminating the need for flood insurance. All floodplain information, lot line adjustments, and buildability must be verified with Cook County, the Village of Orland Park, and local engineering departments. The expansive acreage provides excellent potential for multiple homesites, a private estate, or even a small subdivision (subject to all necessary approvals from county and village planning, zoning, and engineering departments). Living in Orland Park means enjoying one of Chicago's most sought-after suburbs. Residents benefit from highly rated public schools, a low crime rate, abundant parks and recreational trails, and convenient access to shopping, dining, and everyday amenities at nearby Orland Square and beyond. You'll experience a safe, family-friendly community with excellent public services, well-maintained neighborhoods, and easy commuting options to the greater Chicagoland area - all while enjoying the space and privacy of a spacious 5-acre property. Whether you're looking for a custom single-family estate or envision developing multiple homesites, this rare parcel in a prime location offers outstanding long-term potential. The real estate tax reduction appeal is under review and most likely it will be reduced to reflect a vacant land than a single family home.

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$ 4,357.03 per month $777.78 Principal & Interest $3,477.17 Property Tax $102.08 Homeowner's Insurance
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Property Details

Property Type: Land - Residential
Lot Size: 5.09 Acres
Taxes: $41,726

Feature Descriptions

Current Use: Single Family
Frontage: 220
Frontage Type: City Street
Lot Dimensions: 220-1009
Parcel#: 27191010150000
Road Surface: Asphalt
Township: Orland
Utilities: Electric to Site, Natural Gas Available

Schools

High School: Carl Sandburg High School
Middle School: Century Junior High School
Elementary School: Meadow Ridge School
School District: District 230

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

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Listing Office: Coldwell Banker Realty

Listing Office Phone: 630-954-4600



Listing data and photos distributed by MLSGRID
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