Reo Absolute $1 Land Sale, Chicago

Land Description

Marketplace Online Auction | August 09-11, 2022

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Chicago-Naperville-Elgin MSA | Population of ±9,460,000 | Median Household Income of ±$75,379

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

Offering Details

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 schools including Charles H. Wacker Elementary School, Alice L. Barnard Elementary School, Morgan Park High School, and Morgan Park Academy. The Site is located near several national retailers including 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.

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Scott Bowers

c/o Fisher Auction Company Inc.