3417 Ronald Road

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3417 Ronald Road

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).

  • Development land encompassing 0.3 acres in Crete Illinois
  • Asset category designed for a single family rental portfolio
  • Located within the growing residential Chicago metropolitan area
  • Suitable site for custom residential construction or rental expansion
  • Strategic placement offers access to established suburban community infrastructure

What's Special

Developing residential housing on this 0.3-acre parcel in Crete, Illinois, provides a strategic entry point into a growing suburban market within the greater Chicago metropolitan area. The site is positioned to support a single-family rental portfolio project, aligning with the sustained demand for high-quality rental inventory in the region. Investors focusing on residential expansion will find the location conducive to long-term hold strategies given the consistent economic stability of the south suburban corridor. Access to major regional thoroughfares and established community infrastructure enhances the viability of this asset for residential construction. The site allows for a manageable development project that caters to tenants seeking proximity to local amenities while maintaining a residential lifestyle. With its compact footprint and clear development utility, this land presents a focused opportunity for those looking to diversify a rental portfolio or build custom residential assets in the Crete market.

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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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