0 Tulip Trl Dunlap, IL 61525
This exceptional 1.09-acre lot, comprised of two parcels in Dunlap, Illinois (zip code 61525), presents a remarkable multi-family development opportunity. Located within the highly desirable Dunlap School District, this property boasts an R6 zoning designation, permitting the construction of single-family homes, duplexes, townhouses, and apartment buildings. Its strategic location, adjacent to an existing apartment complex and near major highways, ensures convenient access and high tenant appeal. The property's infrastructure is already in place, with readily available electricity, water, and sewer connections at the lot lines, significantly reducing development costs and timelines. This prime location offers unparalleled convenience and connectivity throughout Central Illinois, making it an ideal investment for developers seeking a versatile and high-potential project. The MLS number is PA1244084. The asking price is $40,000.
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.