2552 E Royal Ridge Drive

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2552 E Royal Ridge Drive

Crete, IL 60417
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Residential land parcel spanning 0.59 acres for sale.
  • Property is situated in the Crete community of Illinois.
  • Located within the expanding Chicago metropolitan submarket area.
  • The land is zoned for potential residential development use.
  • Positioned near major regional transportation routes and infrastructure.

What's Special

This 0.59-acre residential land parcel sits in Crete, Illinois, providing a quiet setting for prospective development. Situated within a growing suburban area of the Chicago metro region, the site benefits from the community's established infrastructure and residential character. Crete offers a balanced environment for those looking to build in a locale that combines regional accessibility with a neighborhood atmosphere. The property is well-suited for a single-family home or residential investment project, leveraging the available land to meet local housing demand. Given its size and positioning within the 60417 zip code, this parcel allows for flexible residential design options. Buyers will find this location provides a stable foundation for residential construction, supported by the ongoing development trends within Will County.

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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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