251 Sherman Avenue

Montgomery, IL
$ 875,000 Beds 3 Baths 2.5 Sq 3,750
Monthly Estimate* How much can I afford?

This home sits on 13+ prime acres of well manicured grounds with mature trees throughout offering a unique opportunity to make this your own residence or purchase as an investment. The property is currently zoned R-1 for possible subdividing for a roughly 30 SFH development. Sellers attorney is in discussions with city for re-zoning consideration for multi family or assisted living facility. Prospective buyers do your due diligence. Note that the inlay lot currently brings in roughly $2500/month in rental income from the primary residence and rental of garages and barn (this is well under market value) creating an outstanding buy and hold opportunity. North frontage is 409.72' on Sherman Ave, east is 1370.60', south is 426.31' on Montgomery Road and west is 1483.61'. Note that water line is 8", sewer line is 30" and storm sewer line is 24" all along Sherman Ave. DO NOT DISTURB TENANTS. APPOINTMENT REQUIRED.

Single Family

  • Price
  • $ 875,000
  • City
  • Montgomery
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • KANE
  • Half Bathrooms
  • 1
  • Area
  • Montgomery
  • Lot Size
  • 13.36 Acres
  • Zip
  • 60538
  • Sqr Footage
  • 3,750
  • Year Built
  • 1958
  • Taxes
  • $ 20439
  • Style
  • MLS#
  • 11680487
Listed By: @properties Christie's International Real Estate
Data Source: Midwest Real Estate Data (MRED)

Features

General

Assoc Fee Paid Per Not Applicable
Association Fee Includes None
Basement Partial
City Montgomery
Community Features Pool
Cooling Central Air
County Kane
Days on Market 156
Directions Route 59 to Montgomery Road. West to Douglas. North to Sherman and west to land directly across from Krug Park.
Electric Service - 400 Amp or Greater
Elementary School District 129
Exterior Features Deck, Patio, In Ground Pool
Garage Spaces 8
Heating Natural Gas
High School District 129
MLS Area Montgomery
Middle/Junior School District 129
New Construction No
Percent Ownership Fee Simple
Possession Closing
Property Type Detached Single
Property Type Residential
Sewer Septic-Private
Standard Status Active
Status Active
Street Name Sherman
Tax Annual Amount 20439.12
Tax Year 2021
Total Rooms 8
Township Aurora
Waterfront Y/N No
Year Built 1958

Interior Features

Basement Finished
Bedrooms Possible 3
Full Baths 2
Half Baths 1
Livingareasource Estimated
Room Type Den, Office
Street Suffix Avenue
Total Baths 3
Total Bedrooms 3
Total Fireplaces 4

Exterior Features

Living Area 3750
Exterior Wood Siding
Garage Onsite Yes
Garage Ownership Owned
Garage Type Attached, Detached
Lot Dimensions 409X1370X426X1483
Lot Size Acres 13.36
Parking Features Driveway
Total Parking 10
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,396

Per Month

Based on the average sale price from the Dekalb, IL office

  • Monthly Principal & interest $2,268
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

4/10/2023 Listed $898,000
6/10/2023 100% - $0

Property vs Zip Code Average in 60538

Price
AVG $370K
$880K
Taxes
AVG $8,316
$20,439
Visits
AVG 146
1002
Data Provided by Inside Real Estate®
Year Built
AVG 1986
1958
Walkscore
AVG 30
43
Data Provided by Walkscore® not using MLS data

Map

Areas That We Cover

251 Sherman Avenue Montgomery, IL is a Single Family Home for sale at $875000 with 3750 sqft and a lot size of 13.36 Acres Acre(s). 251 Sherman Avenue Montgomery has 3 bedrooms, 2 baths and was built in 1958. The property's zip code is 60538 which is in Montgomery, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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