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Residential Land with Home for Sale in Palos Park, Illinois

8702 W 131st St, Palos Park, IL 60464

$375,000
1.78 acres
Active
$14k drop
Est $2,614/mo

Fantastic opportunity to own a large piece of land in Palos Park!!! This acre + parcel currently has a cape cod/raised ranch style home with 4 bedrooms a full bathroom as well as a half bathroom. Hardwood floors throughout most of the main level. Living room with wood burning fireplace adjacent to the formal dining room and large eat-in kitchen with neighboring family room. Main floor has a primary bedroom and 2nd bedroom as well. The upper level has 2 more bedrooms. One currently being used as a den with a 5' x 5' walk-in-closet. Plus an attic storage area. The home has custom wood doors and high end hardware. The full basement boasts a large family room, a large laundry room with a walk-out door to the yard, plus a workshop room. Tons of storage space. The 2-car detached garage consists of an office that is 10' x 20', but could be converted into a 3-car garage. There are sheds also for additional outside storage and a swing set in the yard. This parcel of land is ideal for outside summer gatherings with the massive multi area wrap around deck. If this home isn't to your liking, then consider buying it to build your custom dream home. Check out the photos of the neighboring homes being built right next door. Some upgrades include newer vinyl windows, a high efficency furnace installed in 2023 and a new roof installed in 2023. Hot water tank is from 2009. Upgraded electrical panel as well. House is being sold as an estate sale and As-Is. Close to reastuarants, shopping and more. Lot Dimensions are 164' x 279'

2,248
Sq feet
4
Beds
1
Full bath
1
1/2 bath
1918
Built

Location

Street address
8702 W 131st St
Community
Palos Park
School district
118
Elevation
705 feet
Coordinates
41.6531, -87.832

Directions

From La Grange Road go east on 131st Street. About 1 mile east of La Grange Road on norht side of street

Property details

Acreage
1.78 acres
MLS #
MRED 12520260
Posted

Property taxes

2023
$9,318

Parcels

  • 23351030240000

Details and features

Listing

Type
Residential
Franchise
RE/MAX International

Exterior

Parking Spaces
2
Parking
Garage
Pool
Deck
Structures
Workshop

Structure

Style
Cape Cod
Basement
Exterior Entry, Full, Partially Finished, Storage Space, Walk-Out Access
Water
Public
Sewer
Public Sewer
Heating
Forced Air, Natural Gas
Materials
Stone, Vinyl Siding
Roof
Asphalt

Interior

Room Count
10
Rooms
Basement, Bathroom x 2, Bedroom x 4, Dining Room, Family Room x 2, Laundry Room
Flooring
Carpet, Hardwood
Appliances
Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
Features
1 st Floor Bedroom, Replacement Windows, Separate Dining Room

Property utilities

CategoryTypeStatusDescription
GasNatural GasConnected

Nearby schools

NameLevelDistrictDescription
Palos West Elementary SchoolElementary118
Palos South Middle SchoolMiddle118
Amos Alonzo Stagg High SchoolHigh230

Listing history

DateEventPriceChangeSource
Jan 6, 2026Price drop$375,000$14,000 -3.6%MRED
Nov 19, 2025New listing$389,000MRED
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This 1.78-acre property is located at 8702 W 131st St in Palos Park, IL 60464. The property is available for sale for $375,000. It has a 2,248 sq ft 4 bedroom, 1 bath house built in 1918.

Checked 7 hours ago — Updated

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