26642 N Il Route 83, Mundelein, Illinois 60060

$17,500

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Sold Price
$17,500
List Price
$30,000
Closing Date
Apr 01, 2024
MLS#
11961389
Status
CLOSED
Type
Land
Subtype
Land
County
Lake
City
Mundelein
Neighborhood
Ivanhoe / Mundelein
Days On Market
67

Property Description

Terrific price on this residential .246 acres wooded vacant lot at south-west corner of Kenmore Lane & IL Route 83. Formerly had 1-story home on it with concrete drive still in place off Kenmore Lane. Lot features mature trees. Sanitary Sewer Nearby. Well is required. There is an existing well, but it is unknown if existing well is functional or repairable. Located near Diamond Lake and backs up to natural setting. (A part of Diamond Lake Soccer Complex). The address of your new home could possibly be changed to Kenmore Lane. Motor home on property will be removed prior to closing. Illinois Department of Transportation is planning to widen Hwy 83 to 4 lanes and add a sidewalk. To do this IDOT will need to acquire a strip of right-of-way along east edge of the property. The strip would be roughly 10 feet wide at the south end of the property and 20 feet wide at the north end of the property. Per IDOT survey they would acquire about .05 acre so that instead of a .255 acre parcel, the remaining parcel would be .205 acres. IDOT is planning to acquire land needed for this project between now and the end of 2025. IDOT is planning to begin work on this project spring of 2026. IDOT is in the process of obtaining appraisals on the parcels that they need as they command they will begin negotiations to acquire the right of way. At this time we do not know how much IDOT would pay for the right-of-way they intend to acquire. They will deal with whoever is the owner at the time they are ready to move ahead with offers. Surveys and other information showing the lot and the proposed right-of-way acquisition can be provided upon request.

Additional Information

School District
120
Elementary School
Diamond Lake Elementary School
High School
Mundelein Cons High School
Subdivision
West Shore Park
Corporate Limits
Unincorporated
Tax Year
2022

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Listings courtesy of Midwest Real Estate Data as distributed by MLS Grid

Selling Office: RE/MAX Suburban.



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