251 Sherman Ave

Montgomery, IL 60538 View Map $898,000 Schedule a Tour
Beds3
Baths2Full11/2
Sq.Ft.3,750
Year1958
Teresa Ryan

Teresa Ryan

(630) 253-7660

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251 Sherman Ave, Montgomery, IL 60538 | detached single for sale
Status: Active
Property Type:Detached Single
MLS #:11099853
Sq. Feet:3,750
On Site:499 Days
Lot Size:13.36 Acres
County:Kane
This home 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.

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$000 Monthly Payment
Loan and interest only.

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Price Change History

Date Old Price New Price Percent Change
8/5/2021$950,000$899,000-5.4%
9/12/2022$899,000$898,000-0.1%

Community Information

Address:251 Sherman Ave Montgomery, IL 60538
County:Kane
School District:129
Township:Aurora
Zip Code:60538

Architecture

Bedrooms: 3
Bathrooms: 2 Full / 1 Half
Year Built:1958
Exterior Construction Type: Wood Siding
Age Range: 61-70 Years
Basement: Finished
Basement Type: Partial
Garage Type: Attached, Detached
Garage Features: Heated, Multiple Garages
Attached Garage: Yes
Garage Ownership: Owned
Parking Features: Driveway
Parking On Site: Yes
Parking: Garage, Space/s
Parking Ownership: Owned

Features / Amenities

Fireplaces Total: 4
Rooms: Den, Office
Exterior Features: Deck, Patio, In Ground Pool
Cars: 18
Parking Total: 10
Garage Spaces: 8
Air Conditioning: Central Air
Heat Source / Type: Natural Gas
Fireplace(s): Family Room, Living Room, Basement
Total Rooms:8

Property Features

Lot Size: 13.36 Acres
Lot Dimensions:10+ Acres
Sewer: Septic-Private
Water: Lake Michigan
Electric: Service - 400 Amp or Greater
Driveway: Asphalt
Directions:Route 59 to Montgomery Road. West to Douglas. North to Sherman and west to land directly across from Krug Park.

Tax and Financial Info

Tax Year: 2020
Tax Annual Amount: $19,429
Ownership: Fee Simple

Schools

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251 Sherman Ave Montgomery, IL 60538
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251 Sherman Ave Montgomery, IL 60538
 
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Listing provided courtesy of @Properties Christie's International Real Estate.

Listings courtesy of MRED MLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of October 5, 2022 11:00 PM CST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Properties displayed may be listed or sold by various participants in the MLS