16023 118th Avenue — Orland Park, IL 60467
Closed
Orland Park, IL 60467

16023 118th Avenue

$350,000
0 beds · 0 baths
Listed at $350,000 11 days on market $41,726/yr taxes
01About this home

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.

03By the numbers
$350,000
List price
Square feet
Bedrooms
Bathrooms
Year built
5.09 ac
Lot size
Garage spaces
$41,726
Annual taxes
Land
Style
11
Days on market
04Features
Sewer
Septic Tank
05Neighborhood
This home EElementary schoolMMiddle schoolHHigh school
E Elementary school
Meadow Ridge School
Orland Park, IL
📍1.0 mi🚗3 min🚶25 min
M Middle school
Century Junior High School
Orland Park, IL
📍1.2 mi🚗3 min🚶28 min
H High school
Carl Sandburg High School
Orland Park, IL
📍4.4 mi🚗11 min
  • Q Restaurant 0.6 mi
  • Anthony's Pizzeria 0.6 mi
  • Girl In The Park 0.7 mi
  • Bonfire 1.0 mi
  • Phoenix Kitchen & Cocktails 1.0 mi
  • Rubi Agave Latin Kitchen 1.1 mi
  • Speedway 0.3 mi
  • Citgo 0.5 mi
  • Angelo Caputo's Fresh Markets 0.6 mi
  • Circle K 1.3 mi
  • Lamers Park 1.0 mi
  • Grasslands Park 1.3 mi
  • Starbucks 0.6 mi
  • Cafe Miele 0.6 mi
  • Homer's Cafe 1.4 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

Jun 4, 2026
SoldThis listing
$325,000
May 1, 2026
Listed for saleThis listing
Coldwell Banker Realty
$350,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

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09Similar homes
Listed by Coldwell Banker Realty · Moin Haque · 630-518-0806
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12634813
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