Lot 1 Roberts Street

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Lot 1 Roberts Street

Wilmington, IL 60481
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 covers approximately 0.7 acres of developable land.
  • Located on Roberts Street in Wilmington, Illinois.
  • Ideal asset for single family rental portfolio development.
  • Situated within the expanding suburban Will County market.
  • Property is currently available for purchase.

What's Special

Development of a single family rental portfolio is the primary utility for this 0.7-acre parcel situated on Roberts Street in Wilmington, Illinois. This land site provides an accessible foundation for investors seeking to expand their residential holdings within a growing suburban market in the Chicago metropolitan area. The location benefits from the steady economic landscape of Will County, which continues to attract residential demand through its balance of small-town character and proximity to major regional transportation corridors. Strategic placement allows for efficient project planning and execution for builders or portfolio managers focused on the single family asset class. The site dimensions provide sufficient space for residential structures, catering to the ongoing need for rental inventory in this submarket. Its positioning supports long-term investment strategies focused on residential yield and capital appreciation in a region known for its industrial and residential expansion.

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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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