Lot 33 Savanna Lane

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Lot 33 Savanna Lane

Woodstock, IL 60098
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 size measures 0.23 acres for residential development
  • Located in Woodstock, Illinois within the 60098 zip code
  • Asset is currently zoned for single family residential use
  • Strategically positioned for individual home construction projects
  • Site supports the expansion of residential rental portfolios

What's Special

Developing residential housing on this 0.23-acre parcel in Woodstock presents a viable path for expanding a single family rental portfolio. The site provides a manageable footprint for new construction within a growing market in the Chicago metropolitan area. Woodstock maintains a distinct character that appeals to those seeking residential options outside the dense urban core while remaining connected to the broader regional economy. Investors focused on long-term hold strategies may find this land well-suited for adding value through the development of residential units. The property occupies a strategic position for builders looking to capitalize on local housing demand in Illinois. Its size allows for efficient site planning and construction oversight, accommodating standard residential zoning requirements typical of the submarket. The location offers accessibility for residents commuting toward regional employment hubs while benefiting from the established infrastructure of the surrounding community.

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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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