22025 Lockport Street

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22025 Lockport Street

Plainfield, IL 60544
Asking Price
$1.75M
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Six acres of residential development land available in Plainfield
  • The property is fully approved for a senior housing project
  • Offered for sale at an asking price of 1,750,000 dollars
  • Located within the established suburban landscape of Illinois
  • Site supports immediate planning for specialized residential use cases

What's Special

This six-acre parcel of residential land at 22025 Lockport Street in Plainfield, Illinois, represents a development prospect within a growing suburban market. The site comes fully approved for senior housing, providing a clear path for construction in a region known for its expanding infrastructure and accessibility. Plainfield maintains a steady demand for specialized residential services, supported by its proximity to major transportation corridors in the Chicago metro area. Given the current entitlements, the property serves as a functional foundation for developers seeking to address the needs of an aging demographic. The land offers sufficient scale for a comprehensive residential project while maintaining integration with the existing community character. Interested parties may evaluate the site for its potential to deliver high-quality housing solutions in a well-connected suburban environment.

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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542

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