931 E Steger Road
Steger, IL, 60475 $ 1,600,000
Baths0.0 Monthly Estimate*
$ 9,851
Studio for $1,600,000. The lot size is 40.
Attention developers, builders, and investors - this is an extraordinary opportunity to acquire 40 acres in a rapidly growing area surrounded by established residential neighborhoods and strong existing infrastructure. With frontage along Steger Road and access points near Cottage Grove Ave and 229th Street, this property offers tremendous potential for a future residential subdivision, luxury estate community, mixed-use development, or planned residential expansion. **NO TRESSPASSING - DO NOT ENTER PROPERTY WITHOUT PERMISSION** The site features a rare combination of open farmland, mature wooded acreage, and a stunning stocked pond that could become the centerpiece of a truly one-of-a-kind community design. Scenic water views, rolling natural landscapes, and heavily wooded surroundings create the ideal setting for premium homesites and an upscale residential environment buyers are seeking today. Currently improved with a 2-bedroom, 1.5-bath main residence, separate 1-bedroom guest/annexe house, 3-car garage, workshop, greenhouse, inground pool, and a 56' x 30' pole barn with electric and water, the property provides immediate utility while planning future development. Existing trails, recreational land, and natural buffers further enhance the uniqueness and marketability of the site. Located among existing subdivisions yet offering unmatched privacy and scale, this property presents exceptional long-term upside for developers looking to capitalize on continued residential growth in the area. Potential opportunities include luxury single-family development, estate lots, conservation-style subdivision design, equestrian community concepts, or a signature residential enclave centered around the pond and wooded landscape. Large contiguous parcels with this level of natural beauty, accessibility, and development flexibility are becoming increasingly rare. A premier investment opportunity with endless possibilities for visionary development.
See more
Farms/Ranches ActiveAgricultural,Estate,Residential,Single Family
FeaturesGeneralSewer Septic Tank
Utilities Electric to Site Natural Gas Available Sewer Nearby Water Nearby
Possession Closing
Zoning AGRIC
Township Bloom
Tax Year 2024
Current Use Agricultural Estate Residential Single Family
Ownership Fee Simple
County Cook
Property Type Farm Land
Possible Use Agricultural Commercial Estate Development Residential Multi-Family
Status Active
Directions From 394 and Steger RD go West to home on North side of Steger Rd (231st St)
City Steger
High School District 206
MLS Area Steger
Tax Annual Amount 4976.2
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 194
Elementary School District 194
See more
ExteriorWater Source Well
Total Parking 0
Lot Dimensions 1325x1268x1321x1289
Lot Size Acres 40
Road Surface Type Asphalt
Frontage Length 1325
Frontage Type City Street County Road Paved
Waterfront Y/N N
See more
* Excluded FeaturesList Byjared@jaredgordonrealtor.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,851
- Monthly Property Taxes
- $415
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyFarm listings in Steger, IL
Average List Price $1,600,000
Percent of Sale Price 0%
About Steger, IL 9,201 Population
-3% Since 2002
$ 43,821 Median Income
38.14 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
564921 Elementary School
564614 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/21/2026 | $1,600,000 | | Listed Price |