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Single-Family

Auction | REO Absolute $1 Land Sale | Chicago, IL

10241 S Charles St, Chicago, IL 60643

Listing Price: $1

Lot Size
0.29 acres
Price/Acre
$3
Land Type
Land

Investment Overview

Marcus & Millichap and RI Marketplace are pleased to present this REO Absolute $1 Land Sale (the "Property"), a 0.29 acre residential development opportunity located in Chicago, Illinois. The Property is strategically positioned within a high-density residential neighborhood with nearby demand drivers including Charles H. Wacker Elementary School, Alice L. Barnard Elementary School, Morgan Park High School, and Morgan Park Academy. Additional demand drivers include national retailers located within close distance to the Property such as Dollar Tree, T.J. Maxx, Subway, United States Postal Service, and more. The Property is located ±14.4 miles south of Downtown Chicago through Interstate Highway 94 West with additional commute options through a host of public transportation systems located within close proximity. The Chicago-Naperville-Elgin MSA features a total population of ±9,460,000 with a median household income of ±$75,379. In 2019, the county with the highest median household income in the Chicago-Naperville-Elgin MSA was Hamilton County with a value of ±$105,062, followed by Kendall County and DuPage County with respective values of ±$104,858 and ±$96,403. The economy of the Chicago-Naperville-Elgin MSA employs ±4,800,000 people. The largest industries are Health Care & Social Assistance (±637,895 people), Manufacturing (±556,674 people), and Retail Trade (±478,061 people) while the highest paying industries are Utilities (±$92,723), Management of Companies & Enterprises (±$79,404), and Professional, Scientific, & Technical Services (±$75,928) according to information provided by the United States Census Bureau.

Investment Highlights

  • Absolute Auction with No Reserve Price
  • National Demand Drivers Located within Close Distance include Dollar Tree, T.J. Maxx, Subway, United States Postal Service, and More
  • Excellent Demographics with a Population of ±9,460,000 and a Median Household Income of ±$75,379
  • Located ±14.4 miles South of Downtown Chicago Through Interstate Highway 94 West
  • Host of Public Transportation Systems Located within Close Proximity

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Single-Family

Auction | REO Absolute $1 Land Sale | Chicago, IL

Listing Price: $1

Lot Size
0.29 acres
Price/Acre
$3
Land Type
Land

Investment Highlights

  • Absolute Auction with No Reserve Price
  • National Demand Drivers Located within Close Distance include Dollar Tree, T.J. Maxx, Subway, United States Postal Service, and More
  • Excellent Demographics with a Population of ±9,460,000 and a Median Household Income of ±$75,379
  • Located ±14.4 miles South of Downtown Chicago Through Interstate Highway 94 West
  • Host of Public Transportation Systems Located within Close Proximity

Investment Overview

Marcus & Millichap and RI Marketplace are pleased to present this REO Absolute $1 Land Sale (the "Property"), a 0.29 acre residential development opportunity located in Chicago, Illinois. The Property is strategically positioned within a high-density residential neighborhood with nearby demand drivers including Charles H. Wacker Elementary School, Alice L. Barnard Elementary School, Morgan Park High School, and Morgan Park Academy. Additional demand drivers include national retailers located within close distance to the Property such as Dollar Tree, T.J. Maxx, Subway, United States Postal Service, and more. The Property is located ±14.4 miles south of Downtown Chicago through Interstate Highway 94 West with additional commute options through a host of public transportation systems located within close proximity. The Chicago-Naperville-Elgin MSA features a total population of ±9,460,000 with a median household income of ±$75,379. In 2019, the county with the highest median household income in the Chicago-Naperville-Elgin MSA was Hamilton County with a value of ±$105,062, followed by Kendall County and DuPage County with respective values of ±$104,858 and ±$96,403. The economy of the Chicago-Naperville-Elgin MSA employs ±4,800,000 people. The largest industries are Health Care & Social Assistance (±637,895 people), Manufacturing (±556,674 people), and Retail Trade (±478,061 people) while the highest paying industries are Utilities (±$92,723), Management of Companies & Enterprises (±$79,404), and Professional, Scientific, & Technical Services (±$75,928) according to information provided by the United States Census Bureau.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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