Catylist ID:
#30802627
| 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 |
Attachments & Media
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 |
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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