0 Neq Of Bell Rd Homer Glen, IL 60491
This exceptional investment opportunity presents 52 fully improved townhome sites situated on a 0.53-acre lot in Homer Glen, Illinois. The property, identified by APN 16-05-01-304, boasts a total square footage of 23,087 and is zoned R-6 Multifamily Residential District, allowing for immediate development or continued operation. Its strategic location within the Bell Road commercial corridor provides convenient access to a wealth of shopping, dining, and entertainment options. High traffic counts, averaging 15,400 vehicles daily on South Bell Road and 13,700 vehicles daily on 143rd Street, ensure high visibility and accessibility. The property's annual taxes are $348.52. This is a remarkable chance to acquire a well-positioned multifamily land parcel in a thriving community. The asking price is subject to offer. Detailed information is available upon request. This property is a prime investment opportunity for those seeking a high-return multifamily development in a desirable location. The existing infrastructure and zoning make this a turnkey project with significant potential for growth and profitability. Don't miss this chance to own a piece of Homer Glen's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.