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38w229 Oak St
North Aurora, IL 60542
Entitled & Ready To Build 31 units on 9 Acres · Land For Sale · 9.00 AC

INVESTMENT HIGHLIGHTS

  • 31 approved townhomes in very desirable area on 9 acres
  • All reports done, engineer and architectural designs and docs completed.
  • Conveniently located close to I-88 major chains and builders all around this project (Mcdonalds, hotels, apartments, KB, Tollbrothers, etc.)
  • Annexed, final plat recorded and entitled permit fees paid as construction progresses, not up front.
  • Located within 45 minutes of downtown Chicago and the Airport.
  • Starbucks and Taco Bell opened across the street!

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Proposed Use
Planned Unit Development
  • Single Family Development
  • Single Family Residence
Total Lot Size 9.00 AC
Zoning R-3

DESCRIPTION

Entitled and annexed land development project ready to go in a perfectly placed location behind Woodman's in between main roads Orchard Rd and Oak st. conveniently located close to I-88 and within 35 minutes of downtown Chicago and O'Hare airport. Approved to build with final recorded plat for 31 attached single-family homes. The serious shortage of housing creates a great opportunity for someone who wants to come in and build. Enjoy the benefits from the work is already done for plat & annexation. Built to rent or build to sell. Engineer and architectural documents can be provided with the offer. Calling investors, builders, or development. New construction opportunity! Build to sell or build to rent! Entitled and annexed 9 acres approved to build 31 townhomes on in a great location and desirable Chicago Suburbs. Starbucks going in across the street. Hotel just opened. Desirable area with many big builders and major brands opening all around it. Lack of inventory and high demand for rentals and homes to sell at this price point. Permits negotiated to be paid as buildings are done not upfront, a huge way to save the builder upfront costs. https://www.dropbox.com/sh/f7mztu3x38gkcho/AADfWWa9V2mQ2i0uhyEU6YUta?dl=0

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 15-06-278-007
  • 15-06-278-011
  • 15-06-284-015
  • 15-06-278-010
  • 15-06-278-012
  • 15-06-284-013
  • 15-06-278-008
  • 15-06-278-009
  • 15-06-284-014
Land Assessment
$653,421
Improvements Assessment
$70,285
Total Assessment
$723,706
  • Listing ID: 23886632

  • Date on Market: 8/11/2021

  • Last Updated:

  • Address: 38w229 Oak St, North Aurora, IL 60542

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