7111 Forest Oak Dr McHenry, IL 60050
This exceptional 0.84-acre residential lot, located at 7111 Forest Oak Dr, McHenry, IL 60050 (APN 0931426010), presents a unique opportunity for building a custom home. Priced at $29,900, this property boasts convenient access to utilities, including curb, gutter, electricity, and gas, already in place. Situated on a peaceful cul-de-sac within a desirable neighborhood, the lot offers a tranquil setting amidst mature oaks and hickories. The E-1C zoning permits residential construction. While soil tests have been previously conducted, buyers may wish to update them. Well and septic systems are viable in the area, as evidenced by existing homes in the surrounding neighborhoods. This location benefits from proximity to major developments like Stonewater by DR Horton and Meadow of West Bay, indicating significant growth and potential for appreciation. The property's larger size and exclusive feel offer more land and privacy than many comparable options, making it ideal for those seeking a custom-built home beyond a cookie-cutter design. The seller is highly motivated. This is a fantastic opportunity to build in a thriving area with easy access to McHenry, Crystal Lake, Woodstock, Wonder Lake, and Bull Valley. Freehold ownership is offered.
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.