7605 Lake Street - River Forest_Property for Sale
7605 Lake Street - River Forest_Property for Sale
Lake Street 7601, River Forest, IL, 60305, US

7605 Lake Street - River Forest

Asset Description

Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), has been exclusively retained to offer for sale to qualified investors the opportunity to acquire fee simple interest in a spectacular 0.84-acre development opportunity located at 7605 Lake Street in the Village of River Forest, Illinois (“The Property”). 7605 Lake Street is currently in foreclosure and is being marketed subject to Court approval. Current owner costs to date are $13,470,000 of which $4,500,000 is construction in place.


The Village of River Forest is located in Cook County approximately 11 miles west of downtown Chicago. 7605 Lake Street is situated at the SWC of Lake Street and Lathrop Avenue, less than ó mile away from the Oak Park Metra Station & Harlem/Lake CTA Green line station. In total, the site spans +/- 36,700 square feet and is zoned Planned Development #2198 (Underlying C-3 / Central Business District). Planned Development #2198 permitted the development of a 22-unit condominium project, 14,022 square feet of commercial/retail and 88 parking stalls.

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Investment Highlights



  • Affluent Infill Chicago Suburb - Median HH Income > $129k


  • Transit-Oriented Suburban Location - < 1/2 Mile to Metra & CTA


  • Top Ranked School District


  • Conveniently Located in a Well-Served Community


  • Perfect Mix of Urban Accessibility and Comfortable Suburban Living


  • Fully Entitled Site for Mixed-Use Residential Development

Attributes

Land area net
0.00 ha (0 m²)
Zoning
PD-2198 / C-3 (Underlying Zoning)

Contact brokers

7605 Lake Street - River Forest (0 Properties)

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Last updated
4 Dec 2023