Property profile

5486 Schnitzler Rd Elizabeth, IL 61028

OFF-MARKET
Land
20 ac lot
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Property summary

AI-generated overview

This exceptional property in Elizabeth, Illinois, presents a unique opportunity to own a sprawling 20-acre ranch. The main residence is a custom-built walkout ranch, boasting 3,386 square feet of living space, thoughtfully designed with an open floor plan. The main level features a stunning kitchen with custom white oak woodwork, a great room with a fireplace, a master suite with a private bath including radiant in-floor heat, a half bath, a large office, and a convenient sitting room/mudroom connecting to the attached two-car garage. The lower level offers additional living space, including a large open living room, two bedrooms, a full bath, and radiant in-floor heating. Walk-out access is available from both the lower level living room and a mudroom/laundry room with its own shower. Outdoor amenities include a multi-level deck, an above-ground pool, and a hot tub. The property also includes a variety of outbuildings, enhancing its versatility and potential. These structures comprise a 26x40 detached garage with a concrete floor, a 30x45 Morton building with a concrete floor, a 42x36 barn, and two older farmstead buildings. The property is conveniently located approximately 2.5 hours from Chicago, 2 hours from Madison, and 1.5 hours from the Quad Cities. Built in 2004, this property offers a blend of modern comfort and rural charm. The home features vinyl exterior and a shingle roof. The land is surveyed, and there is a ¼ mile lane leading to the property. Four parking spaces are available. The asking price is $719,000.

Property profile

Verified
Property type Land
Lot 20 ac (871,200 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5486 Schnitzler Rd Elizabeth, IL 61028
Elizabeth metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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