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Property profile & analytics
OFF-MARKET
Commercial real estate

7111 Forest Oak Dr McHenry, IL 60050

0.84 ac lot
Property ID
US28-5347999
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 0.84 ac (36,590 SF)
APN 0931426010
UPID US28-5347999
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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