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$ 149,900
Est. payment | /mo
0.56 Acres Lot
$ 149,900
Est. payment | /mo
0.56 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12141158
Annual Tax Amount $1
Tax Year 2023
Lot Size 0.560 Acres
Lot Dimensions 175 X 140
Property Description
"Calling all Builders, Developers and Investors... Do I have a deal for you!! Vacant land opportunity, with R7 zoning (Multi-family unit building) in the heart of Vernon Hills! Rare properties like this one are so hard to find!! Tons of income potential! The neighbor to the east is a 6 unit building and has a comparable footprint. Build a duplex, town homes or condos. Buyer demand in this area is very high. Walking distance to the high-ranking middle & elementary schools, Big Bear Lake, Century Park, Peterson Park and tons of shopping! Opportunities like this don't come along very often. Make your appointment to see this property today! Some restrictions apply - (1) new building cannot be taller than two stories, (2) no commercial or recreational rezoning is allowed, (3) seller shall not be obligated to enter into a binding contract with the Buyer until and unless approval from at least two-thirds (2/3) of the homeowners at a duly convened membership meeting of the Homeowners Association (HOA) is obtained and documented and (4) all possessions located on the premises constitute the personal property of the seller and are subject to removal by the seller. Only the land, pool and building are being sold. Pool and onsite building need to get demolished at the buyer's expense. Property being sold in as-is condition."
Location
State IL
County Lake
Area Indian Creek / Vernon Hills
Zoning MULTI
Interior
Fireplace N
Laundry None
Exterior
Utilities Available Electric to Site, Water to Site
Building
Dwelling Type Land
Schools
School District 73 , 73, 128
Others
Ownership Fee Simple w/ HO Assn.
Special Listing Condition Third Party Approval
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Ghita Mueller • Coldwell Banker Realty
MORTGAGE CALCULATOR
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