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Any Beds
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4 Properties Within 0.5 miles of: 251 Sherman, Montgomery
This property has been relisted under a new number. Please click here to view the new listing.

251 Sherman
Montgomery, IL 60538

  • 3 Beds
  • 2 / 1 Baths
  • 3,750 Sq. Ft.
  • Built In 1958
Price

$875,000

Est Payment
$6,332 / month (details)  
Taxes
$20,439  
Beds
3  
Baths
2 / 1  
Rooms
8  
Type
Detached Single  
Sq. Ft.
3,750  
Lot Size
409X1370X426X1483  
Built
1958  
Neighborhood
Montgomery  
MLS
#11680487
Status
Cancelled

Property Description

This home sits on 13+ prime acres of well manicured grounds with mature trees throughout offering a unique opportunity to make this your own residence or purchase as an investment. The property is currently zoned R-1 for possible subdividing for a roughly 30 SFH development. Sellers attorney is in discussions with city for re-zoning consideration for multi family or assisted living facility. Prospective buyers do your due diligence. Note that the inlay lot currently brings in roughly $2500/month in rental income from the primary residence and rental of garages and barn (this is well under market value) creating an outstanding buy and hold opportunity. North frontage is 409.72' on Sherman Ave, east is 1370.60', south is 426.31' on Montgomery Road and west is 1483.61'. Note that water line is 8", sewer line is 30" and storm sewer line is 24" all along Sherman Ave. DO NOT DISTURB TENANTS. APPOINTMENT REQUIRED.

Property Map

Property Details

Rooms

Room
Level
Flooring
Size
Living Room
Main
20X22
Dining Room
N/A
Kitchen
Main
10X12
Family Room
Main
23X27
Laundry
Main
10X19
Master Bedroom
Main
13X19
Bedroom 2
Main
11X13
Bedroom 3
Main
12X19
Bedroom 4
N/A
Den
Main
12X14
Office
Main
12X13

Utilities

  • Heating Natural Gas
  • Cooling Central Air
  • Water Public
  • Sewer Septic-Private

Additional Information

Exterior Features
Deck, Patio, In Ground Pool
Parking
18 Parking Spaces (8 Garage Spaces), Driveway, Heated, Multiple Garages, Garage On Site, Parking On Site, Owned, Owned
Schools
District 129

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

04-10-2023 Listed at $898,000
04-19-2023 Price decreased by $898,000 to $0
04-19-2023 Status changed to Unset
04-19-2023 Price increased by $898,000 to $898,000
04-19-2023 Status changed to Active
08-03-2023 Price decreased by $23,000 to $875,000
12-20-2023 Status changed to Cancelled
Last Modified 12/20/23 10:38 AM

Nearby Transportation

  • I 88 East 4.5 mi
  • I 88 West 4.5 mi
  • Hwy 56 East 4.5 mi
  • Hwy 56 West 4.5 mi
grid
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