Address
8784 Archer Avenue, Willow Springs, IL
Price
$ 289,900
Property Attributes
  • MLS#11899319
  • TypeContingent
  • CountyCOOK
  • CityWillow Springs
  • AreaWillow Springs
  • Zip60480
  • StyleMulti-Family
  • Year Built1928
  • Taxes$ 11844
  • Price$ 289,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.93 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Opportunity to invest in an area with immense potential! Situated in a highly sought-after location, this property is primed for development. Currently used as a rental building, it offers the versatility to transition seamlessly into either COMMERCIAL or RESIDENTIAL use, providing a dual zoning option for potential buyers. The first floor boasts 2 bedrooms, 1 bathroom, and hardwood flooring throughout. On the second floor, you'll find 1 bedroom and 1 bathroom. With two separate electric meters, the property offers flexibility for different uses. Additionally, the expansive basement provides ample space for extra storage, further enhancing its utility. Each floor tenant is allocated two parking spots, and the property is conveniently within walking distance of the Metra. The land itself is just shy of an acre. Additional 2 acres for sale next door. This property is a must-see for anyone with an interest in embarking on their next development project! Close to I55 & I294, forest preserves, walking trails, shopping.

Price History
10/24/2023 Listed $299,900
11/20/2023 4% - $289,900

General Features

Cooling Central Air,Window Unit(s),Zoned
Zoning COMMR
Construction Materials Wood Frame
Year Built 1928
Electric Separate Meters
Tenant Pays Electricity,Heat
Stories 2
Township Palos
Tax Year 2021
Current Use Multi-Family
County Cook
Property Type Commercial Sale
Contingency Financing
Possible Use Commercial,Legal Non Conforming,Non Conforming,Multi-Family,Retail,Special Use
Status Contingent
Directions Archer Ave.,West of Willow Springs Rd.
City Willow Springs
MLS Area Willow Springs
Waterfront Y/N No
Street Name Archer
Tax Annual Amount 11844
Additional Parcels Y/N No
Days on Market 205
Lease Type N/A
Standard Status Active Under Contract
Property Type Instut/To Develop

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 98X387X97X389
Lot Size Acres 0.93
Frontage Type Public Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60480

Price
AVG $420K
$290K
Taxes
AVG $7,252
$11,844
Visits
AVG 124
154
Data Provided by Inside Real Estate®
Year Built
AVG 1974
1928
Walkscore
AVG 27
33
Data Provided by Walkscore® not using MLS data

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