@ Exeter Turn William Latham Dr Bourbonnais, IL 60914
This exceptional 4.85-acre parcel presents a prime opportunity for multifamily development in the desirable Briarcliff Estates community of Bourbonnais, Illinois. Located in Kankakee County (APN 170919300023), this R-5 zoned land offers the potential to construct up to three separate multifamily pads, each capable of accommodating up to ten units. Priced at $299,000 ($61,649/acre), this property boasts a highly sought-after location between Route 102 and the scenic Kankakee River. Briarcliff Estates is a well-established neighborhood of approximately 800 residences, featuring rolling terrain, walking trails, and community lakes. The property's address is William Latham Dr @ Exeter Turn, Bourbonnais, IL 60914. The Briarcliff Estates Community Association (BECA) actively maintains the community's common areas, ensuring a well-managed and attractive environment for residents. This development opportunity benefits from its proximity to both a large established neighborhood and the Kankakee River, offering future residents a desirable blend of community and natural amenities. The mature trees, winding streets, and rolling landscapes of Briarcliff Estates create a unique and appealing setting within the surrounding plains. The BECA Board is committed to enhancing the community, aiming to make it the premier walking community in Kankakee County. This is a rare chance to build a significant multifamily project in a highly desirable and established location.
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.