$305,000
$380,000
19.7%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
3.5 Acres Lot
SOLD DATE : 08/15/2023
Key Details
Sold Price $305,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11839717
Sold Date 08/15/23
Bedrooms 10
Year Built 2020
Annual Tax Amount $1,188
Tax Year 2022
Lot Size 3.500 Acres
Lot Dimensions 144946
Property Sub-Type Two to Four Units
Property Description
We are accepting offers till Monday July 31st 2023 POTENTIAL,POTENTIAL,POTENTIAL!!!!Amazing opportunity for developers, investors, or just private person who can turn this project in to investment and lifetime income return. Partially Finished 4 unit condo building with blueprints. Plus additional 2x 10 unit foundation and 4 unit foundation.Currently that parcel is zoned R-4, Existing Residence District. Multi-family dwellings are permitted in the R-4 District at a density up to 1 dwelling unit per 3,000 square feet. So PIN: 04-02-301-024 can possibly have up to 51 units subject to meeting parking requirements, setbacks, stormwater detention, etc. Due to how adjacent properties have developed and the Village's Comprehensive Plan showing the area to remain residential, staff would not recommend approval for a rezoning request to commercial. However, the Village's Zoning Ordinance does allow for limited non-residential uses to be developed subject to special use approval by the Village Board. Those can be found in Section 10-3B-2 of the Capron Municipal Code. As far as the unfinished structures on site, I would prefer to consult with the building inspector or city hall. For Unfinished 4 unit condo all materials and land improvement are below: Lumber came from Woodstock lumber and Menards. Framing of the structure is completed-no inspection.Pella Windows and doors.Electrical rough in with wires pulled completed-no inspection.Rough heating is completed-no inspection. Plumbing is 90% done-no inspection. Cedar knolls double 4 siding Jamestown blue Norandex vinyl siding purchased from ABC supply. Deck materials purchased from Menards not installed still in bunk on site. The shingles were purchased from ABC and installed by a company. Land improvements: Engineering for retention ponds and runoff has been completed and approved by the village of Capron. All four foundations have been inspected and approved by the village of Capron .Main Sewer line has been installed to the back of the property and hooked up to first four unit building and tap on fees have been paid.Water tap on fee has been paid but not installed.
Location
State IL
County Boone
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
Parking Features Attached
Garage Spaces 1.0
View Y/N true
Roof Type Asphalt
Building
Lot Description Backs to Open Grnd
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Capron Elementary School
School District 200, 200, 200
Others
Ownership Fee Simple
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Kimberly Cooley • Berkshire Hathaway HomeServices Starck Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "