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Cook County, IL · Sold

IL-598232

3297 County Road 162

$811,600
$3,478/ac · 233 ac
Acreage233 ac
Price per acre$3,478/ac
ZoningRecreational
Road accessPaved
UtilitiesPower at road
TopographyWooded
ListedDec 25, 2024
Coordinates41.8839, -87.5896
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Cook County, Illinois. Class A row-crop ground; farmland yields anchor pricing.

View Cook market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
15
Low risk
Wetlands14.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,726 ft of deeded road frontage.

Power116 ft away

Power at or near the road.

Buildable area188.67 of 233.37 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,131,857
$893,601$1,370,114 · $4,850/ac on 233 ac
Asking vs estimate
-28.3%
Priced below the comp set

Weighted from 5 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $811,600
Maximum allowable offer
$646,776
$2,771/ac · +30.0% target margin

You need $164,824 off asking to hit this margin.

All-in cost$701,752
Net resale$1,041,309
Projected profit$339,557
ROI+48.4%
Annualized+69.2%
Break-even resale$3,269/ac
Profit if resale lands off target
-20%
$131,295
-10%
$235,426
0%
$339,557
+10%
$443,688
+20%
$547,818
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-398653
Dirt · Off grid
316.6Jul 27, 2026$565,1001,7853,1537.6 mi
79
IL-398621
Landlocked · Power at road
309.3Aug 8, 2025$797,4002,5785,0593.0 mi
76
IL-897431
Gravel · Off grid
130.6Jul 27, 2026$594,9004,5545,4096.5 mi
75
IL-358914
Dirt · Full utilities
382.5Feb 8, 2025$1,702,1004,4506,1462.6 mi
69
IL-609787
Gravel · Off grid
719.9Sep 23, 2024$1,587,0002,2044,6185.2 mi
58
Show adjustment detail for the top comp
  • Tract size (316.59 ac → 233.37 ac)+9.2%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Off grid → Power at road)+17.6%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.