17N129 Oak Grove Drive

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17N129 Oak Grove Drive

Hampshire, IL 60140
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • This 8.8-acre residential land tract is located in Hampshire, Illinois.
  • The property offers substantial potential for new housing development projects.
  • Located within the growing residential corridor of the Chicago metro area.
  • The parcel is well-suited for single-family subdivision or private development.
  • Situated at 17N129 Oak Grove Drive with easy access to regional routes.

What's Special

Residential development awaits on this 8.8-acre parcel located at 17N129 Oak Grove Drive in Hampshire, Illinois. This substantial tract of land provides a flexible footprint for builders and investors looking to capitalize on the steady growth within this suburban region of the Chicago metropolitan area. Positioned within a quiet, expansive setting, the property offers proximity to regional transit corridors while maintaining the character of a developing residential landscape. The site is well-suited for a single-family housing subdivision or a customized residential estate development designed to serve the increasing demand for living space in the northwest suburbs. Given the total acreage, there is significant potential for long-term land banking or immediate site planning to accommodate modern residential building projects. Hampshire continues to evolve as a favorable destination for those seeking proximity to major employment hubs while retaining a suburban lifestyle, making this land a practical acquisition for developers focused on the local housing 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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