2428 S Greenwood Avenue

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2428 S Greenwood Avenue

Crete, IL 60417
Asking Price
Contact for price
Asset Type
Single Family Rental Portfolio Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel located at 2428 S Greenwood Avenue in Crete, Illinois.
  • Property classified as land for a single family rental portfolio.
  • Situated within the residential landscape of the Chicago metropolitan area.
  • Investment potential for developers focused on long-term rental housing assets.
  • Regional accessibility provided through proximity to major South Suburb transit routes.

What's Special

Land located at 2428 S Greenwood Avenue in Crete, Illinois, functions as a single family rental portfolio site. This parcel occupies a position within a suburban residential corridor of the Chicago metropolitan area, characterized by steady growth and access to major regional thoroughfares. The location benefits from the established infrastructure of Will County, providing a base for residential development or investment strategies focused on rental housing expansion. Given its current zoning and neighborhood context, the site is suited for developers or investors seeking to increase their footprint in the South Suburbs. The regional economy in Crete remains supported by its proximity to larger industrial and commercial hubs, maintaining consistent demand for housing inventory. This asset serves as an entry point for entities looking to capitalize on land development within an evolving market segment that balances suburban lifestyle preferences with accessibility to urban employment centers.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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