Primary on Main
Address
251 Sherman Avenue, Montgomery, IL
Price
$ 850,000
Property Attributes
  • MLS#11990858
  • TypeSingle Family
  • CountyKANE
  • CityMontgomery
  • AreaMontgomery
  • Zip60538
  • Style
  • Year Built1958
  • Taxes$ 21310
  • Price$ 850,000
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms1
  • Sqr Footage3750
  • Lot Size13.36 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

This 3 bedroom, 2 1/2 bath, with approx. 3750sf home of above grade living space sits on 13+ prime acres of well manicured grounds with mature trees throughout offering a unique opportunity to make this your own residence or purchase as an investment. The property is currently zoned R-1 for possible subdividing for a roughly 30 SFH development. Sellers attorney is in discussions with city for re-zoning consideration for multi family or assisted living facility. Prospective buyers do your due diligence. Note that the inlay lot currently brings in roughly $2500/month in rental income from the primary residence and rental of garages and barn (this is well under market value) creating an outstanding buy and hold opportunity. North frontage is 409.72' on Sherman Ave, east is 1370.60', south is 426.31' on Montgomery Road and west is 1483.61'. Note that water line is 8", sewer line is 30" and storm sewer line is 24" all along Sherman Ave. DO NOT DISTURB TENANTS. APPOINTMENT REQUIRED.

Price History
2/27/2024 Listed $850,000

General Features

Sewer Septic-Private
Heating Natural Gas
Cooling Central Air
Possession Closing
Exterior Features Deck,Patio,In Ground Pool
Garage Spaces 8
Association Fee Includes None
Year Built 1958
Electric Service - 400 Amp or Greater
Township Aurora
Tax Year 2022
Percent Ownership Fee Simple
Community Features Pool
Assoc Fee Paid Per Not Applicable
County Kane
New Construction No
Property Type Residential
Total Rooms 8
Status Active
Directions Route 59 to Montgomery Road. West to Douglas. North to Sherman and west to land directly across from Krug Park.
City Montgomery
High School District 129
MLS Area Montgomery
Waterfront Y/N No
Street Name Sherman
Tax Annual Amount 21310.04
Days on Market 6
Standard Status Active
Middle/Junior School District 129
Elementary School District 129
Property Type Detached Single

Interior Features

Basement Partial
Total Fireplaces 4
Full Baths 2
Half Baths 1
Street Suffix Avenue
Total Bedrooms 3
Room Type Den,Office
LivingAreaSource Estimated
Total Baths 3
Bedrooms Possible 3
Basement Finished

Exterior Features

Parking Features Driveway
Water Source Public
Total Parking 18
Lot Dimensions 409X1370X426X1483
Lot Size Acres 13.36
Garage Onsite Yes
Garage Type Attached,Detached
Garage Ownership Owned
Exterior Wood Siding

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 60538

Price
AVG $410K
$850K
Taxes
AVG $8,854
$21,310
Visits
AVG 46
231
Data Provided by Inside Real Estate®
Year Built
AVG 1981
1958

Areas We Cover