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6301 147th Street Oak Forest, IL 60452 Land - Farm New

New - 19 Hours Ago
  • 6301 147th Street , Oak Forest, IL 60452 Main Photo

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Description

An exceptional development opportunity at 6301 147th Street in Oak Forest, ideally located just west of Gaelic Park and directly adjacent to the Forest Preserve, offering unobstructed access to scenic hiking and biking trails. This premier site uniquely blends natural beauty, lifestyle appeal, and strong municipal support. The property benefits from a conditional use and exception development agreement already in place with the Village of Oak Forest. Following a recent meeting with Village officials, the Village has reaffirmed its strong support for residential or townhome development at this location. The current working site plan contemplates approximately 57 townhomes, while the Village remains open and receptive to reviewing alternative development concepts. Extensive due diligence materials are available for serious and qualified buyers. An architect is available to assist with design concepts and future development questions. With established groundwork, a cooperative municipality, and a highly desirable setting surrounded by nature and recreation, this site presents a rare and compelling investment opportunity. The Village is eager to work collaboratively with developers to bring this site to completion.

Property Highlights

Property Type: Land - Farm
Total Acres: 5.34 Acres

General Information

County: Cook
Listed By:
ExaRealty LLC 312-525-0910
MRED MLS
$499,900
Est. $3,272/mo
New to the Market New
LOT SIZE 5.340 acres MLS#12694836
STATUSNew PROPERTY TYPELand - Farm SCHOOLDistrict 228

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6301 147th Street , Oak Forest, IL 60452.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $499,900$499,900$499,900
Down Payment $99,980$17,497$124,975
Monthly Mortgage Amount $2,430$2,982$3,088
Taxes $696$696$696
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$220$0
Monthly Estimated Total $3,272$4,044$3,930

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