Lori Scarbrough
Description
Rare opportunity to acquire approximately 85 acres with substantial frontage along US Highway 20 in the growing Hampshire market of Kane County, Illinois. The property is situated near established and expanding residential development, including Crown Community Development's Prairie Ridge projects! The offering consists of approximately 50+ acres currently in agricultural production, 16 acres of wooded land, and additional acreage improved with an existing residence, garage, and outbuilding. The property provides potential for residential development, a longer-term land investment, or continued agricultural use! Currently zoned agricultural, the property may offer opportunities for future annexation and rezoning, subject to municipal review, engineering feasibility, utility availability, and applicable approvals. The offering presents an opportunity for developers and land investors seeking a sizable tract in the path of continued growth in the western Chicago suburbs!
Property Highlights
Property Type: Land - Farm
Total Acres: 85.00 Acres
General Information
County: Kane
Listed By:
RE/MAX Horizon
847-931-7500
MRED MLS
MLS ID: 12780866
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43w916 Us Highway 20, Hampshire, IL 60140.
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| Loan Type | FHA 30 Year Fixed | 30 yr Jumbo |
| Purchase Price | $3,400,000 | $3,400,000 |
| Down Payment | $119,000 | $680,000 |
| Monthly Mortgage Amount | $21,931 | $18,786 |
| Taxes | $4732 | $4732 |
| Insurance | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 |
| Monthly Mortage Insurance | $2,041 | $0 |
| Monthly Estimated Total | $29,696 | $24,510 |
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