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16121 S Cedar Road

Homer Glen, IL 60491
  • $1,510,000
  • STATUS: Active
  • ON SITE: 1003 Days
  • MLS #: 10569840
UPDATED: 18 min ago
$1,510,000
  • 0
    BEDS
  • 17.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,193
    SQFT
  • $473
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1968
County:
Area:

School Ratings & Info

Description

+/- 18 Acres, INCLUDES 2 HOMES! Several recent sales and lots of current construction of MILLION DOLLAR HOMES & HALF MILLION DOLLAR HOMES SURROUND This 18 Acres on 3 SIDES! This property, surrounded by the high-end subdivision "EVLYN'S GATE" and "NORTH EVLYN'S GATE, is not, We repeat, NOT just another Homer Glen "CORNFIELD IN THE MIDDLE OF NOWHERE!" Two residential houses and a barn & shed are included in this deal too! The property currently generates a good income. However, a savvy investor could most likely incorporate this into the VERY upscale residential area surrounding this property, subdividing into separate high-end residential lots and sell them separately. The property includes 313 feet of frontage on busy Cedar Road, 2 HOUSES, each on approximately an acre of land; 16111 Cedar Road (rent-able) & 16121 Cedar Road, a shed/chicken coop, and a barn. The 16-acre field is adjacent to 2 ponds and a play-park in the Beautiful "Evlyn's Gate" Subdivision. The beautiful brick ranch-style house generates income on a month-to-month basis to offset expenses, and the farmhouse, together with its mini-farm, can be rented too if desired. The field generates income also under a seasonal 50/50 sharecropper agreement. The street to the east, "Lily Lane," was constructed to eventually flow-through this property's field to Cedar Road, in The Evlyn's Gates anticipation of future residential development. The property is on one pin# presently. The seller (estate) desires to sell the entire acreage together. The property currently is zoned A-1 agricultural and is in UNINCORPORATED HOMER TOWNSHIP. The small strip of land (that may show up on some tax maps) between the two houses has been removed recently from the PIN.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2022-08-08T08:58:27.94 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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16121 S Cedar Road Homer Glen, IL 60491

  • Price: $1,510,000
  • Status: Active
  • On Site: 1003 Days
  • Updated: 18 min ago
  • MLS #: 10569840
0
Beds
0
Baths
0
½ Baths
17.64
Acres
3,193
SQFT
$473
$/SQFT
1968
Built
Neighborhood:
Homer Glen
County:
Will
Area:
Homer Glen
Property Description
+/- 18 Acres, INCLUDES 2 HOMES! Several recent sales and lots of current construction of MILLION DOLLAR HOMES & HALF MILLION DOLLAR HOMES SURROUND This 18 Acres on 3 SIDES! This property, surrounded by the high-end subdivision "EVLYN'S GATE" and "NORTH EVLYN'S GATE, is not, We repeat, NOT just another Homer Glen "CORNFIELD IN THE MIDDLE OF NOWHERE!" Two residential houses and a barn & shed are included in this deal too! The property currently generates a good income. However, a savvy investor could most likely incorporate this into the VERY upscale residential area surrounding this property, subdividing into separate high-end residential lots and sell them separately. The property includes 313 feet of frontage on busy Cedar Road, 2 HOUSES, each on approximately an acre of land; 16111 Cedar Road (rent-able) & 16121 Cedar Road, a shed/chicken coop, and a barn. The 16-acre field is adjacent to 2 ponds and a play-park in the Beautiful "Evlyn's Gate" Subdivision. The beautiful brick ranch-style house generates income on a month-to-month basis to offset expenses, and the farmhouse, together with its mini-farm, can be rented too if desired. The field generates income also under a seasonal 50/50 sharecropper agreement. The street to the east, "Lily Lane," was constructed to eventually flow-through this property's field to Cedar Road, in The Evlyn's Gates anticipation of future residential development. The property is on one pin# presently. The seller (estate) desires to sell the entire acreage together. The property currently is zoned A-1 agricultural and is in UNINCORPORATED HOMER TOWNSHIP. The small strip of land (that may show up on some tax maps) between the two houses has been removed recently from the PIN.
Exterior Features

Frontage Type City StreetCounty RoadPublic Road Waterfront YN Yes

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 3193 Built Before1978 YN Yes Current Use AgriculturalSingle Family Electric Circuit Breakers Geographic Locale Southwest Suburban Gross Scheduled Income 15000 Location Park AdjacentWater FrontWater View Mls Actual Status Active Net Operating Income 0 Operating Expense 18800 Property Offered For Sale Only Seller Needs Cash Tax Annual Amount 11499 Tax Year 2019 Tenant Pays ElectricityHeat Township Homer Type Instut/To Develop Utilities Electric To SiteGas To SiteSanitary SewerSeptic-PrivateWater NearbyWell Private

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Charles Rutenberg Realty.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2022-08-08T08:58:27.94 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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