Property description

MOTIVATED SELLERS! (ESTATE SALE) Notice 2 Huge Price Drops! Several recent sales and 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!" +/- 18 Acres. 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.

Property Details

  • Beds: 0
  • Baths: 0.0
  • Sq Feet: 0
  • Year Built: 1968
  • Lake: Potomac River
  • Acres: 17.640
  • Lot Dimensions: Attached Garage
  • Waterfront: Yes
  • Waterview: No
  • Water Frontage:
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  • Heat/AC: Forced Air
  • Garage:
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  • Roof: Unknown
  • Stories: 2.0
  • Fireplaces:
  • Property Taxes: 11159
  • MLS #: 10569840

Location

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Contact Information:

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Ad Statistics:

This is Ad No: 792953
It has been viewed: 65 times
Added on: May 30, 2020
Updated on: Nov 15, 2020
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing Agent: Jeffrey Cobb, Charles Rutenberg Realty, 708-203-0800 Listing Site
Copyright © 2020 Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.