This study investigates the physicochemical properties of Soil-Like Material (SLM) recovered from aged Municipal Solid Waste (MSW) dumps in Anantapur, Andhra Pradesh, India, and assesses its potential for reuse. The SLM, which constitutes 68%-75% of the excavated waste, was analyzed for key parameters including total dissolved solids (TDS), chemical oxygen demand (COD), electrical conductivity (EC), and heavy metal concentrations. Results revealed that the organic content of SLM ranged from 6% to 20%, significantly higher than that of local soils (1.5%). The leachate produced from SLM showed elevated levels of TDS (500-1,200 mg l-1), COD (150-270 mg l-1), and heavy metals such as copper (Cu), lead (Pb), chromium (Cr), and zinc (Zn). Cu and Pb concentrations were found to be 27 and 26 times higher than those in local soil extracts, posing substantial risks to groundwater and soil quality. Other metals, including nickel (Ni), arsenic (As), and cadmium (Cd), also exceeded permissible limits. These findings suggest that while SLM has potential for reuse, its high contamination levels require treatment methods such as soil washing, heating, or stabilization with additives like lime or fly ash to reduce environmental risks. Without proper treatment, the direct use of SLM could result in substantial ecological damage. The study highlights the importance of sustainable landfill site rehabilitation and the development of safe strategies for the reuse of SLM to mitigate potential environmental impacts.