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Cook County, IL · Sold

IL-452273

2438 County Road 256

$14,800
$4,759/ac · 3.11 ac
Acreage3.11 ac
Price per acre$4,759/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedNov 11, 2024
Coordinates41.9113, -87.7175
Loading terrain…
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

5 items to verify before you offer.

Risk index
71
High risk
Wetlands39.7% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.2%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power7,558 ft away

A long utility run — price in solar/off-grid instead.

Buildable area1.78 of 3.11 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$13,432
$10,852$16,013 · $4,319/ac on 3.11 ac
Asking vs estimate
+10.2%
Priced above the comp set

Weighted from 9 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 $14,800
Maximum allowable offer
$7,676
$2,468/ac · +30.0% target margin

You need $7,124 off asking to hit this margin.

All-in cost$8,328
Net resale$12,358
Projected profit$4,029
ROI+48.4%
Annualized+69.2%
Break-even resale$2,911/ac
Profit if resale lands off target
-20%
$1,558
-10%
$2,794
0%
$4,029
+10%
$5,265
+20%
$6,501
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-392200
Paved · Off grid
3.0Feb 14, 2026$26,2008,8895,2222.1 mi
85
IL-392670
Landlocked · Power at road
4.2Jul 27, 2026$16,2003,9113,3645.1 mi
83
IL-801709
Dirt · Power at road
2.1Jul 27, 2026$10,0004,8523,2353.0 mi
80
IL-232028
Paved · Power at road
2.6Nov 24, 2024$24,3009,3124,8681.9 mi
78
IL-702989
Gravel · Power at road
5.2Jul 27, 2026$45,4008,6885,1345.7 mi
76
IL-251614
Gravel · Off grid
1.9Aug 23, 2024$8,4004,3373,1585.2 mi
67
IL-413650
Paved · Full utilities
8.4Jul 22, 2025$83,2009,8534,3363.1 mi
64
IL-753766
Paved · Off grid
9.2Aug 18, 2025$64,8007,0574,4717.6 mi
63
IL-923866
Gravel · Power at road
9.9Mar 7, 2024$76,0007,6955,2052.0 mi
59
Show adjustment detail for the top comp
  • Access (Paved → Landlocked)-42.4%
  • Market time (6 mo)+2.1%

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.