Vacant Land S Hickory Court

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Vacant Land S Hickory Court

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 totals 0.45 acres of developable land.
  • Located on S Hickory Court in Crete Illinois.
  • Property is classified for single-family rental portfolio use.
  • Site offers potential for residential development projects.
  • Positioned within an established Chicago suburban market.

What's Special

Residential developers seeking expansion in the south suburbs of Chicago will find this 0.45-acre parcel on S Hickory Court well-suited for single-family housing. Crete maintains a quiet, suburban atmosphere while providing connectivity to the broader Illinois regional economy. Given the site dimensions and current submarket demand, this land serves as a practical option for investors looking to build new rental housing or custom home projects in a growing community. Residents here benefit from easy access to regional thoroughfares and established residential infrastructure. This site allows for straightforward development planning in an area where new construction contributes to the local housing stock. The parcel represents a functional acquisition for those focused on small-scale residential investment or long-term land holding within the Will County area. Its position supports traditional residential use cases, balancing local suburban privacy with proximity to necessary services and commercial hubs located throughout the surrounding metropolitan landscape.

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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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