Terrific opportunity for investors!! This approximately 4 acre parcel of land can be subdivided into several lots and either sold or developed! Current owner recently began using as a Christmas Tree Farm. Farm assessment starts 1/1/2019 for significantly lower property taxes!! Buyer can continue the tree farm and enjoy tax benefits and income!! Terrific location for a cut-your-own seasonal holiday shop!! There are very nice neighborhoods with beautiful homes nearby. Come see for yourself all of the potential! Excellent schools close by as well so very advantageous for families once homes are built! Parcel as currently zoned can be used to build a single-family residence and out-buildings. The parcel is unincorporated and buyers seeking to subdivide should contact McHenry County for details. Since the property is surrounded by Lakewood, the village may have to sign off on any development plan and may be interested in annexation. Don't miss this terrific opportunity!!!
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Listing History
02-09-2017
Listed at $124,900
03-13-2017
Price decreased by $10,000 to $114,900
04-04-2017
Price decreased by $10,000 to $104,900
05-03-2017
Price decreased by $10,000 to $94,900
08-14-2017
Status changed to Under Contract
04-19-2018
Status changed to Active
04-28-2018
Price decreased by $7,900 to $87,000
05-29-2018
Status changed to Cancelled
Last Modified 5/29/18 9:29 AM
For More Information
(312) 528-9200
For more information about 0 Lakewood, Lakewood, IL 60014 contact Corcoran Urban Real Estate.
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