Multi-Family/Assisted Living Site

Vacant Land for Sale
Catylist Listing ID: 30802627
Property Subtypes: Multi-Family
Gross Land Area: 4.50 Acres
Sale Price: $1,300,000
Unit Price: $288,888 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/14/2023

Overview / Comments

• Approved for assisted living, the city prefers multi-family development for the site
• Nearly 2 million in site improvements completed, including, storm water catch basin and retention pond, access to road and signage
• Sanitation sewer and water are to site
• Sidewalks, curbs, grading, removal of black dirt and landscaping complete
• Preliminary plans for 56 town homes available or 100 apartment units
• Seller completion available
• 60-90 days to pull permits
• 16-18 months to complete construction

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Kane
Tax ID/APN: 06-18-225-005
Site Description: • Located on the Elgin Bypass 1.5 miles west of Randall Rd. • Approximately 10 minutes south of I-90 • Convenient to downtown Elgin with unique dining, shopping, and entertainments opportunities along the Fox River • Elgin is the seventh-largest city in Illinois located just 35 miles northwest of Chicago

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,921 41,256 126,731
Median Age: 36.38 37.34 35.21
Households: 660 14,537 42,492


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