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251 Sherman Avenue, Montgomery, IL 60538
$850,000
251 Sherman Avenue, Montgomery, IL 60538View this property at 251 Sherman Avenue, Montgomery, IL 60538
251 Sherman AvenueMontgomeryIL60538
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Property Description
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.
Full Property Details
Full Property Details for 251 Sherman Ave
General
- Price: $850,000
- Taxes: $21,310 (2022)
- Status: Active
- Type: Lots/Land
- MLS ID: 11990877
- Updated: 3/4/2024
- Added to Site: 61 day(s) ago
Location
- Area: Montgomery
- County: Kane
- Township: Aurora
- Driving Directions: Route 59 to Montgomery Road. West to Douglas. North to Sherman and west to land directly across from Krug Park.
- Location Details: Park Adjacent
School Information
- School District: 129
- Elem School District: 129
- Midd School District: 129
- High School District: 129
Heating & Cooling
- Cooling Type: Central Air Conditioning, Zoned
- Heating Type: Natural Gas
Utilities
- Onsite: Electricity to Site, Sanitary Sewer, Storm Sewer Available, Water Nearby
Structural Information
- Square Feet: 13.36
- Current Bldg. Use: Estate
Lot Features
- Lot Size (Acres): 13.36
- Lot Size (Sq. Ft.): 581,962
- Lot Size Range: 10.0 to 24.99 Acres
- Lot Dimensions: 409.72 x 1370.60 x 426.3 x 1483.61
- Frontage: City Street
- Frontage Feet: 409.7
- Street/Road Desc.: Asphalt
- Potential Use: Residential, Single Family
- Zoning: SINGL
- Lot Description: Dimensions to Center of Road, Wooded
Financial Considerations
- Tax Amount: $21,310.04
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 1533426001
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 251 Sherman Ave
School District:Aurora West Unit School District 129
Rating | Name | Grades | Distance |
---|---|---|---|
649 N Main St, Montgomery, IL 60538 | K-5 | 0.8 mi | |
231 S Constitution Dr, Aurora, IL 60506 | 6-8 | 3.1 mi | |
1201 W New York St, Aurora, IL 60506 | 9-12 | 2.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 251 Sherman Ave
Date
Details
Price
Change
Source
2/27/2024
Listed
$850,000
11.33%
MLS
11/15/2007
Sold
$763,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 251 Sherman Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$21,310
4%
$264,685
7%
2021
$20,439
—
$246,425
8%
2021
$20,439
8%
$228,892
8%
2019
$18,971
-4%
$212,074
2%
2017
$19,828
3%
$208,812
6%
2016
$19,340
6%
$196,410
14%
2015
$18,200
-3%
$171,762
-16%
2018
$18,703
7%
$203,286
23%
2014
$17,516
2%
$165,426
-1%
2013
$17,147
—
$166,605
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 251 Sherman Ave
251 Sherman Avenue, Montgomery, IL 60538 (MLS# 11990877) is a Lots/Land property with a lot size of 13.36 acres. 251 Sherman Avenue is currently listed for $850,000 and was received on February 27, 2024. Want to learn more about 251 Sherman Avenue? Do you have questions about finding other Lots/Land real estate for sale in Montgomery? You can browse all Montgomery real estate or contact a Coldwell Banker agent to request more information.