9502 Cabernet Lane

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9502 Cabernet Lane

Richmond, IL 60071
Asking Price
$69K
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Residential land parcel spanning 1.02 acres total.
  • Property is currently listed for sale at $68,995.
  • Located within the suburban Richmond market in Illinois.
  • Site suitable for new single-family residential development.
  • Positioned at the coordinates 42.4642, -88.2937.

What's Special

Richmond sits in a rural region of Illinois, characterized by open landscapes and residential expansion. This 1.02-acre residential land parcel at 9502 Cabernet Lane provides a clean slate for custom development. The property offers enough space to support a single-family home build, adhering to the area's characteristic quiet suburban residential feel. Future occupants benefit from the proximity to regional transit corridors while maintaining the privacy afforded by a lot of this size. The parcel is situated within an established residential pocket of the community, making it suitable for those looking to develop a private residence or a long-term investment property. Its location in this growing area allows for a balance of rural charm and access to the wider amenities found within the greater Chicago metropolitan influence zone.

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NOI
$80,000
Cap Rate
115.95%
DSCR
19.53
Strong
Cash-on-Cash
366.71%
Monthly Payment
$341.35
Annual Cash Flow
$75,903.805

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