7 acres on highly visible Rt. 31 between two existing town home developments. The acreage is gently undulating, adjacent to KC Forest Preserve land and rectangular in shape. It is Annexed and zoned (now M-2) with utilities in place. The parcel was zoned decades ago and does not reflect current development trends for the area. Think creatively on highest and best use. Consider higher density market-rate active adult residential, maybe with strip retail along the highway, or office development, special use... the list could be long.
Electric to Site, Gas Nearby, Sanitary Sewer to Site, Sewer-Storm Available, Water-Municipal
Taxes & Fees
This listing 000 Rt. 31 Carpentersville, Il 60110
is a land listing
with on a lot of 304,920 sqft (or 7 acres). 000 Rt. 31 is located in Carpentersville and in ZIP Code 60110.
It has been listed on our site since 12/26/16.
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Carpentersville , IL, is one of the Chicagoland area’s most affordable communities while offering its residents all the perks of a Chicago suburb. With affordable Carpentersville homes and a number of schools to choose from, residents find raising a family easy.
There are plenty of family-oriented activities to be found, such as the Dolphin Cove Family Aquatic Center and Randall Oaks...
*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.
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