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Land · Steger, IL
$1,600,000
beds · baths
931 E Steger Road, Steger, IL, 60475
A brick-and-mortar place to make your own — room to make it home.
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What’s special

40.00-acre lot
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.
— the listing agent’s description

The home

40.00-acre lot
Land

What it’ll cost

$4,976 taxes / yr
No HOA
26 days on dwello

Estimated monthly payment

$9,389/mo
Principal & interest$8,507
Property taxes$415
Homeowners insurance$467
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Tour this home

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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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26 days on dwello
Price history
Listed for sale
May 21, 2026
$1,600,000
Earlier records
Listed
May 21, 2026
$1,600,000
From MLS records — independently verify.
Property taxes
2025
Annual tax bill (MLS)
$4,976/yr
Assessed value
2025
County assessor
$23,523~$235,230 mkt
2024
$23,523~$235,230 mkt
2023
$23,523~$235,230 mkt
2022
$30,056~$300,560 mkt
2021
$30,056~$300,560 mkt
2020
$30,056~$300,560 mkt
2019
$34,449~$344,490 mkt
2018
$34,449~$344,490 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Septic Tank
Neighborhood
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MLS listing dataMRED
Listed by Jared Gordon · Baird & Warner
Listing last updated Jun 15, 2026 · data refreshed from the MLS Jun 17, 2026, 6:31 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 6:31 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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