Off-Market Glen Ellyn Land Development Opportunity

Offer Submission Deadline
  • Land
  • 9101
  • No Garage

Description

Asking Price: $250,000

Estimated Build Cost: $450-550k ($200-250/sqft)

Estimated ARV: $950,000 (See CMA link below)


Close date: On or before July 25, 2025

Earnest Money Deposit: $5,000 (Non-refundable)


Located in the heart of desirable Glen Ellyn, this fully improved 9,099 sq ft lot at 279 Geneva Rd offers a rare turnkey development opportunity. All essential utilities are available at the street, and the property is thoughtfully designed with a dedicated stormwater mitigation system, including a professionally installed drainage line already connected to the site.


Previously approved by the City for a ~2,200 sq ft single-family home featuring 4 bedrooms, 2.5 bathrooms, and a full basement, this parcel is ideal for a builder or investor looking for a fast start with much of the prep work already complete.


Whether you're looking to build and sell or create a custom residence, this property offers the perfect canvas with infrastructure and approvals in place. Minutes from downtown Glen Ellyn, parks, Metra, and award-winning schools.


Lot Dimensions: 66.7 X 138.92 X 67 X 134.1


CMA Link: https://cloudcma.com/pdf/e874eafe74ca642f66e2430dc461515b


***Land is being sold as-is including all the current contents of the land. Buyer to pay ALL closing costs. No survey Provided. Closing will take place at Fidelity National Title. The assignor does not represent the buyer or seller in this transaction. The contract holder is a licensed Illinois Realtor with eXp Realty. Cash or hard money only. All details in this email should be considered estimates and are based on our market analysis and public data. Buyer should do their own due diligence. Realtors to add their commissions to asking price.***

Estimated Spread

  • ARV $950,000
  • Price $250,000
  • Spread $700,000

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