+/- 18 Acres, INCLUDES 2 HOMES! Current & much more potential income investment! 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 $400K (approximate value, each) 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 or separate pin and sell) & 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.
Property Map
Please use the print button to include maps when printing.
Property Details
Utilities
Heating Natural Gas, Forced Air
Cooling Central Air
Water
Sewer
Additional Information
Schools
District 33C, District 122
Payment Calculator
Listing History
11-08-2019
Listed at $1,899,900
09-09-2020
Price decreased by $229,900 to $1,670,000
11-15-2020
Price decreased by $160,000 to $1,510,000
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.