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  • $325,000

    16023 118th Ave, Orland Park, IL 60467

    --beds
    --baths
    5.09Acres
    Unimproved Land
    Built in ----
    5.09 Acres Lot
    $-- Zestimate®
    $--/sqft
    $2,333 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,333/mo

    Zestimate® history
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    What's special

    Expansive acreage
    This exceptional 5-acre vacant lot offers a rare opportunity to build your dream home (or multiple homes) in the highly desirable southwest suburbs of Orland Park, Illinois. Located at 16023 118th Ave, the property features a peaceful, wooded setting with mature trees and a creek running through the rear portion of the second parcel. This natural waterway creates beautiful scenery while offering the potential to adjust lot lines, possibly excluding the primary buildable area from the floodplain and reducing or eliminating the need for flood insurance. All floodplain information, lot line adjustments, and buildability must be verified with Cook County, the Village of Orland Park, and local engineering departments. The expansive acreage provides excellent potential for multiple homesites, a private estate, or even a small subdivision (subject to all necessary approvals from county and village planning, zoning, and engineering departments). Living in Orland Park means enjoying one of Chicago's most sought-after suburbs. Residents benefit from highly rated public schools, a low crime rate, abundant parks and recreational trails, and convenient access to shopping, dining, and everyday amenities at nearby Orland Square and beyond. You'll experience a safe, family-friendly community with excellent public services, well-maintained neighborhoods, and easy commuting options to the greater Chicagoland area - all while enjoying the space and privacy of a spacious 5-acre property. Whether you're looking for a custom single-family estate or envision developing multiple homesites, this rare parcel in a prime location offers outstanding long-term potential. The real estate tax reduction appeal is under review and most likely it will be reduced to reflect a vacant land than a single family home.

    Zillow last checked:

    Listing updated:

    Listed by:

    Moin Haque, ABR,CNC,CSC,E-PRO,SFR,SRS 630-518-0806,

    Coldwell Banker Realty,

    Eabad Haque 630-788-7512,

    Coldwell Banker Realty

    Bought with:

    Brianna Gloude

    Baird & Warner

    Source: MRED as distributed by MLS GRID,MLS#: 12634813MLS Logo

    Facts & features

    Property

    Features
    • Has view: Yes
    • View description: Side(s) of Property
    • Has water view: Yes
    • Water view: Side(s) of Property
    • Frontage length: 220
    Lot
    • Size: 5.09 Acres
    Details
    • Additional parcels included: 27191010160000
    • Parcel number: 27191010150000
    • Zoning: SINGL
    • Special conditions: None

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: Electric to Site, Natural Gas Available

    Community & HOA

    Location
    • Region: Orland Park

    Financial & listing details

    • Tax assessed value: $370,130
    • Annual tax amount: $41,726
    • Date on market: 5/1/2026
    • Listing terms: Cash
    • Ownership: Fee Simple
    • Electric utility on property: Yes
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    6/4/2026Sold$325,000-7.1%
    Source: MRED as distributed by MLS GRID #12634813 Report a problem
    5/20/2026Listing removed$350,000
    Source: MRED as distributed by MLS GRID #12634813 Report a problem
    5/11/2026Contingent$350,000
    Source: MRED as distributed by MLS GRID #12634813 Report a problem
    5/1/2026Listed for sale$350,000-19.5%
    Source: MRED as distributed by MLS GRID #12634813 Report a problem
    11/19/2025Listing removed$435,000
    Source: MRED as distributed by MLS GRID #12212055 Report a problem
    10/15/2025Price change$435,000-1.1%
    Source: MRED as distributed by MLS GRID #12212055 Report a problem
    4/4/2025Price change$440,000-8.1%
    Source: MRED as distributed by MLS GRID #12212055 Report a problem
    12/3/2024Listed for sale$479,000+1.9%
    Source: MRED as distributed by MLS GRID #12212055 Report a problem
    12/2/2017Listing removed$469,900
    Source: Keller Williams Preferred Realty #09677466 Report a problem
    6/29/2017Listed for sale$469,900+17.8%
    Source: Keller Williams Preferred Realty #09677466 Report a problem
    7/25/2016Listing removed$399,000
    Source: Keller Williams - Keller Williams Preferred Realty #09121104 Report a problem
    6/9/2016Price change$399,000-6.1%
    Source: Keller Williams - Keller Williams Preferred Realty #09121104 Report a problem
    2/23/2016Price change$425,000-4.9%
    Source: Keller Williams - Keller Williams Preferred Realty #09121104 Report a problem
    1/11/2016Listed for sale$447,000+12.9%
    Source: Keller Williams - Keller Williams Preferred Realty #09121104 Report a problem
    12/17/2010Sold$396,000-6.8%
    Source: MRED as distributed by MLS GRID #07468171 Report a problem
    3/16/2010Listed for sale$424,900
    Source: RE/MAX Team 2000 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$8,748 -22.1%$37,013 -24.5%
    2023$11,234 +31.4%$48,992 +56.3%
    2022$8,551 +4.2%$31,349
    2021$8,205 +3.5%$31,349
    2020$7,929 -3.4%$31,349 -5.1%
    2019$8,205 +3.2%$33,035
    2018$7,949 +2.7%$33,035
    2017$7,737 +6.2%$33,035 +13.5%
    2016$7,286 +36.5%$29,107 +35.2%
    2015$5,336 +1.5%$21,532
    2014$5,257 -30.4%$21,532 -34.4%
    2013$7,558 0%$32,822
    2012$7,561 +4.9%$32,822
    2011$7,209 -7.2%$32,822 -12.7%
    2010$7,765 +104.6%$37,594
    2009$3,796 -2%$37,594 -5%
    2008$3,873 -9%$39,573 +2.4%
    2007$4,256 -3.9%$38,663
    2006$4,427 +0.4%$38,663
    2005$4,409 -11.7%$38,663 +30.7%
    2004$4,992 -1.5%$29,590
    2003$5,069 +2.9%$29,590
    2002$4,928 +16.9%$29,590 +18.5%
    2001$4,215 +1.1%$24,978
    2000$4,168 +1%$24,978
    1999$4,126 $24,978
    Find assessor info on the county website

    Neighborhood: 60467

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Meadow Ridge School
    • Middle: Century Junior High School
    • High: Carl Sandburg High School
    • District: 135

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.