Lt 9 Cabernet Lane

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Lt 9 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 totaling one acre in Richmond
  • Priced at sixty-eight thousand nine hundred ninety-five dollars
  • Located on Cabernet Lane in zip code 60071
  • Suitable for custom single-family home development projects
  • Positioned within a quiet suburban landscape in Illinois

What's Special

Construct a custom residential property on this one-acre parcel located on Cabernet Lane in Richmond, Illinois. This land provides a blank canvas for homeowners or developers seeking to establish a private residence within a growing suburban environment in McHenry County. The site offers sufficient space for a single-family home build, allowing for expansive landscaping and yard configurations. Richmond maintains a rural, quiet character while remaining accessible to the broader regional transit corridors that connect northern Illinois to the Chicago metropolitan area. Buyers looking for land in this submarket will appreciate the potential for a peaceful lifestyle away from dense urban centers. The area supports a variety of architectural styles, making it an appropriate setting for a new construction project tailored to specific spatial and design requirements.

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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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