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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 963-0011

Listed by Benjamin Lovingerof Baird & Warner

$279,000

Est. payment - /mo

3.3 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12674820

Annual Tax Amount $2,257

Tax Year 2025

Lot Size 3.300 Acres

Lot Dimensions 120x124x300x289

Property Sub-Type Land

Property Description

Exceptional multifamily development opportunity in the heart of Lindenhurst. Offered together, 104, 106, and 108 Old Elm Road represent one of the few remaining infill development sites in the Village zoned R-3, allowing for higher-density residential development in an established neighborhood setting. With housing demand continuing to outpace supply throughout Lake County, this approximately 3-acre site presents a rare opportunity to develop a proposed 24-unit multifamily community in a market with strong fundamentals, limited new inventory, and increasing demand for quality rental housing. The property's zoning, location, and surrounding infrastructure position it as a compelling investment for developers seeking a project with significant upside and a straightforward path to meeting local housing needs. Situated among established residential neighborhoods, the site benefits from existing utilities, convenient access to shopping, dining, employment centers, and major transportation routes. Residents will enjoy proximity to Lakes Community High School, a district recognized throughout the region for its educational offerings and community support. Lindenhurst continues to attract residents seeking an exceptional quality of life, supported by a highly regarded Park District, numerous community parks, recreation programs, and year-round events. The property is also located near the Chain O'Lakes recreational area, Hastings Lake, and thousands of acres of Lake County Forest Preserves offering boating, fishing, hiking, biking, and outdoor recreation opportunities that enhance long-term residential demand. As one of the last remaining multifamily development sites within the Village, this property offers a unique combination of zoning entitlement, location, and market demand. Whether developed as a 24-unit apartment community or another permitted residential product, the site represents a rare opportunity to add much-needed housing in a desirable Lake County location with strong demographic and economic drivers.

Location

State IL

County Lake

Zoning MULTI

Interior

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available

View Y/N true

Schools

Elementary Schools B J Hooper Elementary School

Middle Schools Joseph J Pleviak Elementary Scho

High Schools Lakes Community High School

School District 41, 41, 117

Others

Ownership Fee Simple

Special Listing Condition None

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NEARBY SCHOOL & BUSINESS

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Joanna Lewkowicz

Designated Managing Broker | Owner Illinois: 471.018027Indiana: RB18001061Florida: BK3514240

+1(708) 963-0011 | joanna@boutiquehomerealty.com

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106 Old Elm RD Lindenhurst, IL 60046

Joanna Lewkowicz

Key Details

Location

Interior

Exterior

Schools

Others

NEARBY SCHOOL & BUSINESS

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106 Old Elm RD