251 Sherman Avenue

Montgomery, Illinois 60538
Active / MLS #11990877 / Vacant Land / Montgomery
Listing information updated 3/4/2024 at 12:23am
INVESTORS and BUILDERS - 13+ primes acres. Current zoning of R-1 could allow for roughly 30 lots for 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 Inlay lot currently brings in roughly $2500/month in rental income from primary residence along with rental of garage 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.

Full Features

Heating System:
Natural Gas
Water Front:
No
Square Feet:
N/A
Lot Size:
10.0-24.99 Acres
Acreage:
13.36

Taxes & Assessments

Tax Amount:
$21,310
Tax Year:
2022

Location

Zip Code:
60538
City:
Montgomery
County:
Kane

Schools

School District(s):
129
Elementary School:
N/A
Middle School:
N/A
High School:
N/A
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

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251 Sherman Avenue is a vacant land currently listed at $850,000. This vacant land has been listed on @properties since February 27th, 2024.