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100-118 Jay St 8 Acres of Residential Land Offered at $625,000 in Elwood, IL 60421
Investment Highlights
- Subdivision approval in place with 17 lots plus an outlot, reducing entitlement timelines.
- Lot sizes range from 0.25 to 0.75 acres, providing design flexibility for single-family homes.
- Engineering plans and covenants are available to support development execution.
- Water and sewer connections to each lot, along with curbs and paved streets, are already installed.
- Located within downtown Elwood, a growing Will County housing market near major transportation corridors.
Executive Summary
ATTENTION Builders or Developers Located in Downtown Elwood. 8 acres of land that has been developed by the owner with 17 lots and a Outlot. Lot sizes varying from .25 acre to .7 acres. Water and sewer are run to each lot with curbs, sewer and paved street. With High Demand for Housing Don't Miss this Amazing Opportunity. Contact broker for detailed engineering plans and subdivision covenants and restrictions.
Property Facts
| Price | $625,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Planned Unit Development |
| No. Lots | 1 | Total Lot Size | 8.00 AC |
| Property Type | Land | ||
| Zoning | R - Residential | ||
| Price | $625,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Planned Unit Development |
| Total Lot Size | 8.00 AC |
| Zoning | R - Residential |
1 Lot Available
Lot
| Price | $625,000 | Lot Size | 8.00 AC |
| Price Per AC | $78,125.00 |
| Price | $625,000 |
| Price Per AC | $78,125.00 |
| Lot Size | 8.00 AC |
Description
The property consists of approximately eight acres in Elwood, Illinois, within Will County and is subdivided to include 17 lots and an additional outlot. It is zoned as a Planned Unit Development under R-1 guidelines and has frontage along a city street. The site includes water and sewer services to each lot with curb and pavement improvements completed. The location is situated near residential areas and has access to local roadways, with a frontage measuring approximately 320 feet.
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $900 | Total Assessment | $900 |
Property Taxes
Parcel Numbers
Land Assessment
$900
Improvements Assessment
$0
Total Assessment
$900
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100-118 Jay St
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