16121 S Cedar

Homer Glen, IL 60491

+/- 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.