609 Forest Edge Lane
1.8 acres on wooded site with home, near I-294. Subdivide or develop - flexible opportunity.
Marketing description
**VALUE IN THE LAND** Attention builders, developers and investors! Here's your chance to capitalize on an approved lot division - a total of 1.8 acres - in the vibrant community of Des Plaines. *** Currently Zoned R-1 (potential for re zoning to R2, or R3). Discussions with the city includes possibility of resubdivision into 24-26 multifamily units or 8-10 townhomes. Property is being sold (1.88 acres) as either land or a detached single-family home. *** The home is located 250-300 feet off Ballard Road where IDOT installed a drainage system in 2021. *** Please see surveys and floodplain info under Addtl Info. *** Half of property in 500-year flood zone (which is of no significance) and half in 100-year flood zone *** Owners have never had any water for 50 years of ownership. With convenient access to the 294 expressway, you're just moments away from O'Hare International Airport and Advocate Lutheran General Hospital, the Des Plaines River Trail and Big Bend Lake. This property is nestled in a wooded area, offering a variety of possibilities. It can be partitioned for two single-family homes, or be transformed into new residential homes or townhomes. This is a fantastic opportunity for the next owner providing a lot of flexibility. With two PIN numbers, part of the land can be partitioned, allowing for full development potential - both lots or just one. A quick 4-minute drive to downtown Des Plaines and the Des Plaines Metra train station. Maine East and West are options for High School. Don't miss out-this property is also available as a single-family home. 2 PIN NUMBERS: 2024 Taxes paid in 2025 09164020390000 - $6,251, 09164020400000 - $9,167. *** Currently Zoned R-1 (potential for re zoning to R2, or R3). Discussions with the city includes possibility of resubdivision into 24-26 multifamily units or 8-10 townhomes. Property is being sold (1.88 acres) as either land or a detached single-family home. *** The home is located 250-300 feet off Ballard Road where IDOT installed a drainage system in 2021. *** Please see surveys and floodplain info under Addtl Info. *** half of property in 500-year flood zone (which is of no significance) and half in 100-year flood zone *** Owners have never had any water for 50 years of ownership. *** Feel free to drive by, but do NOT bother residents of the the single family home located at 609 nor the others on the lane.***
Investment highlights
Motivated seller of inherited family property.
1. Price decrease of 10%
2. The property has never had any water for 50 years the family has owned it and no record of any event prior to owning the property.
a. In 2021 iDot installed a drainage system along Ballard (including along the property line)
3. Clarification of the FEMA zoning.
a. The last FEMA maps were in 2011 and the maps do not include reference to the Gates or drainage system along Ballard – all of which further protect our property.
b. 500 year flood zone* -- About half of the property is in the 500-year flood plain which is of no major significance (flood insurance is not required). This area includes the house and area along Forest Edge Lane.
c. 100 year flood zone* -- The remaining property is in the 100 year floodplain which an engineer will need to provide the normal compensatory storage, top of building foundation 2’ above the 100 year flood plain, no basements, elevation certificates for all structures, MWRD permit for these buildings since they will be in the floodplain.
d. Preliminary discussions with the city of Des Plaines have identified the following possible development options.
R1 – current zoning and with 2 pins – each pin can have a new home with no pre-requirements. (in the 500 yr area). Each pin is already zoned for a home so no new permissions required.
R2 – possible to submit for rezoning for townhouses (8 to 10) in the buildable area that meet normal requirements.
R3 – possible to submit for rezoning for a multistory (4 floors), multifamily structure (approx. 24 to 26 units) in the buildable area that meet normal requirements.
City has offered to assist developer with preliminary reviews.
Seller can provide contacts for local engineer.
4. Current home is a ranch-style with 3-car garage and the following:
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