Closed

$850,000

251 Sherman Avenue, Montgomery, IL 60538
3 Beds3 Baths0 sqft62 days
251 Sherman Avenue·Montgomery, IL 60538
3Bedrooms
3Bathrooms
0Sq Ft
1958Year Built
About This Home

This 3 bedroom, 2 1/2 bath, with approx. 3750sf home of above grade living space sits on 13+ prime acres of well manicured grounds with mature trees throughout offering a unique opportunity to make this your own residence or purchase as an investment. The property is currently zoned R-1 for possible subdividing for a roughly 30 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 the inlay lot currently brings in roughly $2500/month in rental income from the primary residence and rental of garages 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.

MLS# 11990858Listed February 27, 2024Residential
Property Details

Beds & Baths

Total Bedrooms3
Total Bathrooms3
Full Baths2
Half Baths1
Total Rooms8

Size & Structure

Living Area0 sqft
Garage Spaces8
Fireplaces4
Year Built1958
Lot Size13.360 acres

Location

CountyKane
TownshipAurora
Zip Code60538

Financial

List Price$850,000
Annual Taxes (2022)$21,310
Monthly Tax Est.$1,776
Parcel #1533426001
Interior Features

Heating

Natural Gas

Cooling

Central Air

Basement

FinishedPartial
Exterior & Lot

Construction

Wood Siding

Patio & Porch

DeckPatio
Utilities & Parking

Sewer

Septic Tank

Water Source

Public

Electric

Service - 400 Amp or Greater

Parking

AsphaltHeated GarageGarageOn SiteGarage OwnedAttachedDetachedDrivewayOwned
HOA & Community

HOA Includes

None

Community Features

Pool
Tax & Financial
Annual Taxes
$21,310
Tax Year 2022
Monthly Tax Est.
$1,776
per month
Property Location

251 Sherman Avenue, Montgomery, IL 60538 — Kane County

$850,000
251 Sherman Avenue
3 bd3 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
62 days on market
8-car garage
4 fireplaces
13.360 acres
$21,310/yr taxes
$6,243
estimated monthly payment
Principal & Interest
$4,467/mo
Property Tax
$1,776/mo
$850,000
20% — $170,000
3%50%
6.875%
3%12%
Loan Amount
$680,000
Down Payment
$170,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
@properties Christie's International Real Estate
Agent: Frank Commisso
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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