1520 Prescott Dr Fox Lake, IL 60020
- Land
- 0.21 lot acres
Current Use by Public Records
- Land
Property Details for 1520 Prescott Dr
- Lot size
- 0.21 lot acres
- Property type
- Land
Description
This exceptional 0.21-acre lot in Volo, Illinois, presents a unique opportunity for developers. Located at 1520 Prescott Dr, this fee simple property (APN 5274010500000) is zoned MULTI, allowing for the construction of a multi-unit residential building. The lot measures approximately 127 x 71 x 132 x 71 feet and is ready for development, with water, sewer, and all utilities already available on-site. Plans could include a three-to-five-unit residential condo building, with a maximum building size of 5,516 square feet. The property boasts a desirable location backing up to open lands and offering scenic pond views. The asking price is $59,000, and owner financing options are available. A similar-sized adjacent lot is also available for purchase, presenting potential for larger-scale development. The 2019 property tax amount was $5,302.12. This is a prime opportunity to capitalize on the growing demand for residential units in the area. The MLS ID is 11053484. This fee simple property includes fee simple ownership of parking.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fox Lake
- County
- Lake
- State
- Illinois
- Longitude
- -88.1669
- Latitude
- 42.3498
