7801 W  111th St, Palos Hills, IL 60465
FOR SALE2.1 ACRES

7801 W 111th St
Palos Hills, IL 60465

      $920,000

      Original price: $780,000
      Est. Mortgage $6,426/mo*

      Local Information

      map showing home location
      © Google
      -- mins to
      Commute Destination

      Description

      2.1 acres of Vacant Property large enough for a Strip Center on front 151' with a secondary project on the back west end of the property or townhomes. This pad is perfect for a major fast food franchise that needs lots of parking. It also has potential for a 20+ unit townhome development. Currently 2 homes on the land with decent income. A RARE OPPORTUNITY TO DEVELOP NEAR PALOS HILLS' BUSIEST INTERSECTION! Down the street from Moraine Valley Community College and STAGG HS. 2 PIN #s 23-24-100-151 and 23-24-100-152 Check additional documents for more info.

      Home Highlights

      Parking
      Open Parking
      Outdoor
      No Info
      A/C
      Contact Manager
      HOA
      None
      Price/Sqft
      No Info
      Listed
      33 days ago

      Home Details for 7801 W 111th St

      Active Status

      MLS Status: Active

      Interior Features

      Appliances & Utilities
      Utilities: Electricity Connected, Natural Gas Connected, Water Connected
      Gas & Electric
      Has Electric on Property

      Exterior Features

      Parking & Garage
      Other Parking: Driveway (Asphalt, Shared, Side Drive)Has Open ParkingParking: Open
      Frontage
      Road Frontage: City StreetRoad Surface Type: AsphaltNot on Waterfront
      Farm & Range
      Frontage Length: 151

      Days on Market

      Days on Market: 33

      Property Information

      Property Type / Style
      Property Type: LandProperty Subtype: Unimproved Land
      Building
      Has Additional Parcels
      Property Information
      Usage of Home: Office and Research, Retail, Zoning Change RequiredParcel Number: 23241001510000

      Price & Status

      Price
      List Price: $920,000
      Status Change & Dates
      Possession Timing: Close Of Escrow

      Location

      Direction & Address
      City: Palos Hills
      School Information
      Elementary School: Palos East Elementary SchoolElementary School District: 118Jr High / Middle School: Palos South Middle SchoolJr High / Middle School District: 118High School: Amos Alonzo Stagg High SchoolHigh School District: 230

      Agent Information

      Listing Agent
      Listing ID: 12013099

      Lot Information

      Lot Area: 2.1 Acres

      Listing Info

      Special Conditions: None

      Compensation

      Buyer Agency Commission: 2.5%-395Buyer Agency Commission Type: See Remarks:
      Notes
      The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

      Business

      Business Information
      Ownership: Fee Simple

      Miscellaneous

      Mls Number: 12013099

      Additional Information

      Mlg Can ViewMlg Can Use: IDX
      Last check for updates: about 7 hours ago
      Listing courtesy of: Stan Latek, (708) 715-2835
      Prospect Equities Real Estate
      Source: MRED as distributed by MLS GRID, MLS#12013099

      Price History for 7801 W 111th St

      DatePriceEventSource
      01/13/2023$920,000PriceChange
      MRED as distributed by MLS GRID #11700448
      12/06/2021$780,000Listed For SaleMRED as distributed by MLS GRID #11181901
      07/23/2020$117,500Sold
      MRED as distributed by MLS GRID #10589161
      06/01/2020$249,500PriceChange
      Agent Provided
      06/01/2020$450,000PendingAgent Provided
      04/19/2020$249,500PriceChange
      Agent Provided
      01/21/2020$299,000PriceChange
      Agent Provided
      01/15/2020$509,000PriceChange
      Agent Provided
      12/09/2019$340,000PriceChange
      Agent Provided
      11/18/2019$550,000PriceChange
      Agent Provided
      10/27/2019$580,000Listed For SaleAgent Provided

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      Property Taxes and Assessment

      Year2021
      Tax$7,377
      Assessment$254,270
      Home facts updated by county records

      Comparable Sales for 7801 W 111th St

      Address
      Distance
      Property Type
      Sold Price
      Sold Date
      Bed
      Bath
      Sqft
      1.70
      Lot/Land
      $121,000
      01/31/24
      -
      -
      1.62
      Lot/Land
      $99,700
      05/04/23
      -
      -
      1.59
      Lot/Land
      $52,500
      01/19/24
      -
      -
      1.48
      Lot/Land
      $29,000
      07/19/23
      -
      -
      1.79
      Lot/Land
      $40,000
      03/22/24
      -
      -
      2.42
      Lot/Land
      $325,000
      10/16/23
      -
      -
      2.46
      Lot/Land
      $125,000
      10/10/23
      -
      -

      What Locals Say about Palos Hills

      • ABDELHAFID FOUGHALI
        "Great place to live in Very calm and nice people around here Very good schools we found everything we need to live here"
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      • Charlenea1014
        "Always visited the area and moved here 4 years ago and I love this neighborhood also great schools. "
        1
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      • Trulia User
        "Library has some event and in the summer there’s a fest on the streets and a carnival (friendship fest) down block by the college "
        3
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      • Secilia H.
        "It’s OK out here and nobody really talk to each other we all minder own business but it is a fairly safe community"
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      • Deimante K. P.
        "I never lived in Palos hills but I lived a town next to it so I completely know that this area is a great place. I’ve attended Moraine Valley College and evening judging by the college the area is well maintained. My family used to live here so every time I’d visit I’d feel safe to take a walk at any time except of course you gotta watch out for the wildlife doing their nightly activities for survival. Otherwise very good area "
        3
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      • Samar.maadi
        "Nice area quiet neighborhood clean and neat nice neighbors high class people schools are good shooting center are near by"
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      • Kevin B
        "Very nice neighborhood with lots of parks in the area to take the kids. Tons of local forest preserves for hiking or mountain biking. A highly rated community college, Moraine Valley. "
        1
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      • Mskific
        "There are many train stations within the 5 miles radius of the house. It is very convenient to get to the city. Also midway airport is near by and there are plenty of buses in the neighborhood "
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      • Russo
        "Palos Hills is a great place to raise a family. It’s a safe neighborhood, everyone looks out for each other, people are friendly. I’ve lived here since 1983, raised my family here. "
        1
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      • Samar.maadi
        "Christmas and thanksgiving,Halloween Easter Christmas Eve Ramadan Muslims Eid Eid alfiter eid al adha "
        0
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      • Breaux7813
        "Great schools and great place to live nice area and nice people I been here for 18 years jus looking for more space "
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      • Palos Hills Resident
        "This is a great neighborhood to raise a family, I have lived in Palos Hills since 1983. I would not go elsewhere. "
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      • Antonella R.
        "Palos Hills is a quiet suburb, and that’s how I like it! I’ve lived here since 1983. The people here are friendly and helpful. Family people, we all look out for each other. "
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      • Rantonella623
        "Palos Hills has always been a dog friendly neighborhood, dog owners would like being able to socialize with other neighbors walking their dogs, there’s always plenty of people out walking. "
        1
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      • Meltureli
        "I have been living here 5 years good schools good community and safe neighborhood never have any problem so far"
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      • Jlochab22383
        "There isn’t really any access to public transportation except for Pace. There’s also the metra but not close to any CTA trains or buses"
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      • Mahasenmousa6
        "The area is very calm and nice people And there are alot of parks for kids to play in and its save "
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      • Csguitron
        "The neiborhood is clean and safe. Friendly with schools and grocery stores nearby. There’s a forest preserved y a big, nice Community College."
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      • Aliciasales15
        "I've lived in the neighborhood for the last sixteen years. The people are friendly and the community is safe. Close to restaurants,schools, and grocery stores. "
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      • Melissa D.
        "It's a small community with lots to offer. From malls to forest preserves to hike and fish in. Even many horse stables if that's your thing. a children's farm too. Golf, pool, parks. Great Place! "
        1
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      • Aga L.
        "Good area, hiking trails, tons of stores and restaurants. I absolutely love living here. I feel safe and within 2 years I met a lot of neighbors."
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      • Reemar166
        "i lived here for 10 years. very quiet and friendly neighborhood. a lot of senior citizens. some families with kids. close to everything"
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      • Naderjk
        "This is a nice neighborhood to live in given the 4 years I've lived here and the surrounding suburbs my entire life."
        1
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      LGBTQ Local Legal Protections

      Stan Latek, Prospect Equities Real Estate
      Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. 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. Some IDX listings have been excluded from this website. Click here for more information
      The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
      7801 W 111th St, Palos Hills, IL 60465 is a lot/land. This property is currently available for sale and was listed by MRED as distributed by MLS GRID on Mar 25, 2024. The MLS # for this home is MLS# 12013099.