Active
251 Sherman Avenue
Montgomery IL, 60538
$850,000
$1.46 per sqft
Active
13.36 Acres
Land
Courtesy of @properties Christie's International Real Estate
INVESTORS and BUILDERS - 13+ primes acres. Current zoning of R-1 could allow for roughly 30 lots for 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 Inlay lot currently brings in roughly $2500/month in rental income from primary residence along with rental of garage 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.
11990877
MLSⓇ ID
February 27, 2024
Listed
February 19, 2025
Updated
Exterior/Building Features
Lot Size
13.36 Acres
School Information
School District
129
Other Property Details
Area Name
Montgomery
Taxes
$21,310
Tax Frequency
Annually
Days on Market
6
Garage
No
Parking Total
0
View
No
County
Kane
Municipality
Aurora
Pool
No
Utilities
Electric to Site, Sanitary Sewer, Sewer-Storm Available, Water Nearby
Zoning
SINGL
Courtesy of @properties Christie's International Real Estate, Frank Commisso,
Listing Contact: 630-728-7738
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Based on information submitted to the MLS GRID for MRED 2/19/2025. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 11:14 PM UTC, 2/19/2025
