Property Description

** PRIME DEVELOPMENT LAND - DOWNTOWN ARL HTS - R6 ZONED ** + **Near the Future Chicago Bears Stadium & 2 blocks to Metra Train Station** This property offers a remarkable opportunity for investors, developers, or entrepreneurs aiming to be a part of the rapidly growing town of Arlington Heights. Situated on a corner just two blocks from the Metra Train Station in the highly sought-after downtown Arlington Heights area, this prime location holds significant potential. Zoned R6, the property supports multiple residential development possibilities, including constructing townhomes, condos, multi-family units, or single-family homes. The property consists of two lots: a vacant parcel and another lot featuring a house currently divided into two rental units. Both rental units are under one-year leases. The garage accommodates one car for the first-floor unit and contains two storage units that the landlord utilizes. Please note that the house and garage are being sold "AS IS." The value of the property lies in the land, as the home is a teardown and will not be shown at this time. We encourage buyers to conduct their due diligence regarding development possibilities. All offers must include the "AS IS" and waived inspection clauses initialed for consideration. Additionally, all offers need to provide proof of funds and/or a letter of mortgage pre-qualification. Please email offers to the listing agent. The broker is related to the owner.

Features & Information

Key Details

List Price $975,000
Property Taxes $13,004
Acreage 0.47
Lot Dimensions 147'X139.2'
Status Contingent

Schools

Elementary School District 25
School Name Westgate Elementary Schoo
Junior High District 25
School Name South Middle School
High School District: 214
School Name Rolling Meadows High Scho

Location

General Information None
County Cook
Township Wheeling
Corporate Limits Arlington Heights
Directions to Property Arlington Heights Rd To South St To Dunton Ave To 235 S. Dunton Ave, North East Corner Of Dunton Ave And South St Intersection.

Property Taxes
Tax $13,004
Tax Year 2023
Tax Exemptions None
Parcel Identification Number 03321020150000

Listed by John Tenuta for My Hometown Realty, Inc | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 7/4/2025 4:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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