$850,000

beds

baths

half bath

3,750

square ft

251 Sherman Avenue

Montgomery, Illinois 60538

Contingent / MLS #11990858 / Single Family / Montgomery

Listing information updated 4/28/2024 at 5:43pm

This 3 bedroom, 2 1/2 bath, with approx. 3750sf home of above grade living space 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.

Full Features

Exterior Type:

Wood Siding

Basement:

Finished

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Natural Gas

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Yes

Age:

61-70 Years

Parking Type:

Garage,Space/s - Driveway

Garage:

Heated,Multiple Garages

Room Count:

Water Front:

Square Feet:

3,750

Lot Size:

10+ Acres

Acreage:

13.36

External Features:

Deck, Patio, In Ground Pool

Room Information

Living Room:

20x22 - Main

Dining Room:

N/A

Kitchen:

10x12 - Main

Family Room:

23x27 - Main

Primary Bedroom:

13x19 - Main Level

2nd Bedroom:

11x13 - Main

3rd Bedroom:

12x19 - Main

4th Bedroom:

N/A

Den:

12x14 - Main Level

Office:

12x13 - Main Level

Laundry:

10x19 - Main Level

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.

Montgomery, IL

The close-knit village of Montgomery is nestled along the Fox River. Incorporated in 1858, Montgomery is situated on both banks of the river in Kane and Kendall counties and is approximately 40 miles from Chicago. Daniel Gray founded the village in 1835, and the stone grist mill he built then has si...

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$295,405

Average Sale Price

Average Days On The Market

100%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

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251 Sherman Avenue is a single family home currently listed at $850,000. 251 Sherman Avenue features 3 Beds, 2 Baths, 1 Half Bath. This single family home has been listed on @properties since February 27th, 2024 and was built in 1958.