1520 Prescott Dr Fox Lake, IL 60020

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.