592 Orchard Drive

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592 Orchard Drive

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 site located at 592 Orchard Drive in Crete, Illinois.
  • Property consists of a 0.2-acre parcel of land.
  • Asset is well-suited for single-family residential rental portfolio development.
  • Located within a growing suburban submarket of the Chicago metro area.
  • Site coordinates for the property are 41.4374, -87.6359.

What's Special

This 0.2-acre parcel in Crete, Illinois, presents an opportunity for development within a growing residential corridor of the Chicago metropolitan area. Its strategic sizing and location in Will County make it suitable for a single-family residential project or integration into a larger rental portfolio development strategy. Crete maintains a stable suburban character, benefiting from proximity to major regional transit routes and access to the broader industrial and residential job markets of the South Suburbs. Investors focused on small-scale land holdings or residential site assembly will find the plot's footprint efficient for development. The site provides a straightforward foundation for residential housing initiatives, catering to a consistent demand for suburban living within the regional landscape. With its clear boundaries and accessible placement, the land serves as a viable building block for developers looking to expand their footprint in a well-established Illinois submarket.

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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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