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560 S Homan Ave - 5.75± Acres R-2 Residential Development Site 5.75 Acres of Residential Land Offered at $450,000 in Matteson, IL 60443
Investment Highlights
- Seller financing may be available
- Single-family residential development opportunity
- Frontage along Homan Ave
- R-2 – Residential Low-to-Moderate Density
Executive Summary
The site offers scale well-suited for a single-family subdivision, with R-2 dimensional standards generally requiring a minimum lot area of 8,400 SF per dwelling unit and permitting site densities up to approximately 5.18 dwelling units per acre (buyer to verify final yield through engineering, subdivision design, and Village approvals). The parcel benefits from frontage along Homan Ave and proximity to established residential neighborhoods, regional roadways, and area amenities.
This offering represents an attractive opportunity for builders, developers, or land investors seeking a manageable-size residential project in the south suburban Cook County market. The property is being marketed as-is, with zoning in place and no requirement to pursue rezoning for typical single-family residential use.
Seller financing may be available, providing flexible acquisition terms and reducing upfront capital requirements for qualified buyers.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
1 Lot Available
Lot
| Price | $450,000 | Lot Size | 5.75 AC |
| Price Per AC | $78,260.87 |
| Price | $450,000 |
| Price Per AC | $78,260.87 |
| Lot Size | 5.75 AC |
Vacant ±5.75-acre parcel zoned R-2 (Low-to-Moderate Density Residential), well-situated for a single-family subdivision. Preliminary density supports a mid-teens to low-20s lot scenario (buyer to verify).
Description
Vacant ±5.75-acre parcel zoned R-2 (Low-to-Moderate Density Residential), well-situated for a single-family subdivision. Preliminary density supports a mid-teens to low-20s lot scenario. Per Matteson’s zoning standards, R-2 generally requires minimum 8,400 SF per dwelling unit, 75' minimum lot width at building line, and permits up to 5.18 dwelling units per acre (subject to compliance with setbacks, stormwater, access, and subdivision design). This is a strong opportunity for builders or land developers seeking a manageable-scale single-family subdivision site. (buyer to verify). Public water and sanitary sewer are believed to be available in the area; buyer to verify availability, capacity, and connection requirements with the Village of Matteson. Seller financing may be available.
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560 S Homan Ave - 5.75± Acres R-2 Residential Development Site
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