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    16121 Cedar Road

    Homer Glen, IL 60491
    • $1,670,000
    • STATUS: Active
    • ON SITE: 314 days
    • MLS #: 10569840
    Price Reduced
    UPDATED: 58 min ago
    $1,670,000
    • 0
      BEDS
    • 17.64
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,193
      SQFT
    • $523
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1968
    County:
    Area:

    School Ratings & Info

    Description

    ESTATE SALE; +/- 18 Acres, 2 Great Houses, a Barn & Shed are Included in this deal too. Generates income, and in a VERY Upscale Residential Area of Homer Glen, IL. It's Surrounded on 3 SIDES by the High-End Homes of the Exclusive Subdivision "EVLYN'S GATE" and "NORTH EVLYN'S GATE". THIS IS NOT JUST ANOTHER "CORN FIELD IN THE MIDDLE OF NOWHERE." Continue the EASY ONGOING RENTALS for Income (to More Than Cover Expenses), and/or Build More Homes, and/or Subdivide into Separate High-End Residential Lots to Sell Separately. The Property Includes 313 Feet of Frontage on Busy Cedar Road. The Cornfield is Adjacent to 2 Ponds and a Play Park in Evlyn's Gate Subdivision. The Street to the East, "Lily Lane" was Constructed to Eventually Flow into This Property's Field in The Developer's Anticipation of Future Residential Development. The Property Includes 2 HOUSES, Each on Approximately an Acre of Land; 16111 Cedar Road (Rent-able) & 16121 Cedar Road (Rented, month-month), a Shed/Chicken Coop and a Barn. The Brick Ranch Style House is currently Rented on a Month to Month basis, and the Farmhouse and its Mini-Farm can be Rented as Well. The Field is Currently Rented Under a Seasonal 50/50 Sharecropper Agreement. The Property Presently is on One Pin#. As this is an Estate, the Seller Desires to Sell the Entire Acreage Together. The Property is Presently Zoned A-1 Agricultural and is in UNINCORPORATED HOMER TOWNSHIP. Also, the Small Piece of Land Between the Two Houses to the South is in the process of being Removed From the PIN# and is not Included in This Sale.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2020-09-18T07:50:35.91 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    16121 Cedar Road Homer Glen, IL 60491

    • Price: $1,670,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: 10569840
    0
    Beds
    0
    Baths
    0
    ½ Baths
    17.64
    Acres
    3,193
    SQFT
    $523
    $/SQFT
    1968
    Built
    Neighborhood:
    Homer Glen
    County:
    Will
    Area:
    Homer Glen
    Property Description
    ESTATE SALE; +/- 18 Acres, 2 Great Houses, a Barn & Shed are Included in this deal too. Generates income, and in a VERY Upscale Residential Area of Homer Glen, IL. It's Surrounded on 3 SIDES by the High-End Homes of the Exclusive Subdivision "EVLYN'S GATE" and "NORTH EVLYN'S GATE". THIS IS NOT JUST ANOTHER "CORN FIELD IN THE MIDDLE OF NOWHERE." Continue the EASY ONGOING RENTALS for Income (to More Than Cover Expenses), and/or Build More Homes, and/or Subdivide into Separate High-End Residential Lots to Sell Separately. The Property Includes 313 Feet of Frontage on Busy Cedar Road. The Cornfield is Adjacent to 2 Ponds and a Play Park in Evlyn's Gate Subdivision. The Street to the East, "Lily Lane" was Constructed to Eventually Flow into This Property's Field in The Developer's Anticipation of Future Residential Development. The Property Includes 2 HOUSES, Each on Approximately an Acre of Land; 16111 Cedar Road (Rent-able) & 16121 Cedar Road (Rented, month-month), a Shed/Chicken Coop and a Barn. The Brick Ranch Style House is currently Rented on a Month to Month basis, and the Farmhouse and its Mini-Farm can be Rented as Well. The Field is Currently Rented Under a Seasonal 50/50 Sharecropper Agreement. The Property Presently is on One Pin#. As this is an Estate, the Seller Desires to Sell the Entire Acreage Together. The Property is Presently Zoned A-1 Agricultural and is in UNINCORPORATED HOMER TOWNSHIP. Also, the Small Piece of Land Between the Two Houses to the South is in the process of being Removed From the PIN# and is not Included in This Sale.
    Exterior Features

    Construction BrickWood Frame Frontage Access City StreetCounty RoadPublic Road Location Park AdjacentWater FrontWater View Lot Dimensions 313' X 1289' X 658' X 1032' X 354' X 320' Lot Sq Ft 768785 Waterfront YN Yes

    Interior Features

    Air Conditioning Central Air Number Of Stories 2

    Property Features

    Age Older Built Before1978 YN Yes Current Use Agricultural/W BldgResidential-Single Family Electrical Service Circuit Breakers Expense Year 2018 Geographic Locale Southwest Suburban Heat Ventilation Forced AirGas Known Encumbrances None Known Net Oper Income Amount 0 Net Operating Income Year 2018 Property Offered For Sale Only Rental Price 0 Sale Terms ConventionalCash Only Tax Year 2018 Taxes 11159 Tenant Pays ElectricHeat Total Annual Exp 18800 Total Annual Income 15000 Township Homer Unincorporated YN Yes Utilities To Site Electric To SiteGas To SiteSanitary Sewer NearbySeptic-PrivateWater-NearbyWell-Private

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Charles Rutenberg Realty.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2020-09-18T07:50:35.91 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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