Premium R5 development site perched high on the bluff offers exceptional views, older neighboring Bluff Road Townhomes close in the $450-500k range, site is Unincorporated with Lake Michigan water-electric-gas to site and sanitary close by, concept plan includes 20 townhomes on a single lane cul-de-sac with (2) eight unit buildings and (1) four unit building flanked by 2 detention bonds, marketable bluff top views overlooking substantial dedicated greenspace and the Des Plaines River in the distance, cleared building area center with mature treeline perimeter, stormwater report reflects no floodplain & no wetland mitigation required, rare perfectly sized project for the smaller multi-family home builder, exceptional location less than 5 miles to full access at I-55, site could be re-imaged to create a nice rental housing development, detached home condo development, apartment development, senior housing development or any other multi-family use which fits the current R5 zoning, this specific project is ready to move forward, could also be down-zoned to create a great family estate compound.
— the listing agent’s description
The home
4.00-acre lot
Land
What it’ll cost
$9,645 taxes / yr
No HOA
4 days on dwello
Estimated monthly payment
$2,762/mo
Principal & interest$1,856
Property taxes$804
Homeowners insurance$102
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