3271 Us-20Elgin, IL 60124

Property Details for 3271 Us-20

Lot size

4.50 AC

Property type

Land

Property subtype

Apartment buildings

Description

This exceptional 4.5-acre site in Elgin, Illinois, presents a unique investment opportunity. Located at 3271 US-20, Kane County, (APN: 06-18-225-004, 06-18-225-005, zip code 60124), the property is zoned for Multi-Family PAB and is approved for assisted living development. The city of Elgin strongly prefers multi-family development for this location. Significant site improvements totaling nearly $2 million have already been completed, including a storm water catch basin and retention pond, road access, signage, sanitation sewer and water connections, sidewalks, curbs, grading, black dirt removal, and landscaping. Preliminary plans for a 64-unit townhome development are available. The seller is willing to assist with project completion, and permits can be obtained within 60-90 days. Construction is estimated to take 16-18 months. This turnkey opportunity offers significant potential for investors seeking a fast-track project with substantial infrastructure already in place. The property's location and zoning make it ideal for a variety of multi-family developments, including the highly desirable assisted living facility. Don't miss this chance to acquire a fully prepared site ready for immediate development.

Location Insight

City

Elgin

County

Kane

State

Illinois

Latitude

42.0392

Longitude

-88.3683

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].