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    16121 S Cedar Road

    Homer Glen, IL 60491
    • $1,510,000
    • STATUS: Active
    • ON SITE: 520 days
    • MLS #: 10569840
    UPDATED: 9 min ago
    $1,510,000
    • 0
      BEDS
    • 17.64
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,193
      SQFT
    • $473
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1968
    County:
    Area:

    School Ratings & Info

    Description

    +/- 18 Acres, INCLUDES 2 HOMES! 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 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.

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    © 2021 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-11T23:51:57.73 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 S Cedar Road Homer Glen, IL 60491

    • Price: $1,510,000
    • Status: Active
    • Updated: 9 min ago
    • MLS #: 10569840
    0
    Beds
    0
    Baths
    0
    ½ Baths
    17.64
    Acres
    3,193
    SQFT
    $473
    $/SQFT
    1968
    Built
    Neighborhood:
    Homer Glen
    County:
    Will
    Area:
    Homer Glen
    Property Description
    +/- 18 Acres, INCLUDES 2 HOMES! 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 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.
    Exterior Features

    Construction Materials BrickWood Frame Frontage Type City StreetCounty RoadPublic Road Location Park AdjacentWater FrontWater View Waterfront YN Yes

    Interior Features

    Cooling Central Air Electric Circuit Breakers Heat Ventilation Forced AirGas

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Current Use AgriculturalSingle Family Expense Year 2018 Geographic Locale Southwest Suburban Gross Scheduled Income 15000 Known Encumbrances None Known Lot Size Dimensions 313' X 1289' X 658' X 1032' X 354' X 320' Net Operating Income Year 2019 Operating Expense 18800 Property Offered For Sale Only Tax Annual Amount 11499 Tax Year 2019 Tenant Pays ElectricityHeat Unincorporated YN Yes Utilities Electric To SiteGas To SiteSanitary SewerSeptic-PrivateWater-Nearby

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Charles Rutenberg Realty.


    © 2021 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-11T23:51:57.73 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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