LOT SIZE 39.590 acres
MLS#12749291
STATUSNew
PROPERTY TYPELand - Farm
SCHOOLDistrict 117
Property Description
Rare opportunity to acquire approximately 33 acres in a growing Lake Villa location with frontage along both Fairfield Road and W Petite Lake Road. Currently utilized as productive farmland, the property offers immediate agricultural income while providing a buyer with flexibility for the future. Per the Village of Lake Villa, the property is currently zoned RE-1 (Rural Estates), creating an intriguing opportunity for a potential low-density residential development with larger homesites. With substantial road frontage, an attractive setting and surrounding residential uses, this is the type of property that can appeal to investors, developers and buyers looking to hold land in the path of continued growth. Continue the existing agricultural use, explore a larger-estate residential concept, or hold the property as a long-term investment. Opportunities combining current income, acreage and potential future development are increasingly difficult to find in this part of Lake County. Property is being marketed based on its current RE-1 zoning and information obtained from the Village of Lake Villa. No representation or guarantee is made regarding the number of lots, development potential, permitted uses, availability of utilities, wetlands, soils, access, or approval of any proposed development. Buyers and their agents should independently verify all zoning, subdivision requirements, permitted uses, utilities, environmental conditions and development potential with the Village of Lake Villa, Lake County and all other applicable governmental authorities.
Property Features
Property Type: Land - Farm
Lot Size: 39.59 Acres
Taxes: $1,654
Feature Descriptions
Lot Dimensions: 1717x1339x1549x488
Parcel#: 02312000330000
Township: Lake Villa
Local Schools
School District: District 117
Listed By / Shown By
Listed By
Agency Name: HomeSmart Connect LLC
Agency Phone: 847-495-5000
Shown By
Agent Name: Claudia Hernandez
Agent Phone: (815) 262-7472
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 4,121.03 per month $3,742.87 Principal & Interest $137.83 Property Tax $240.33 Homeowner's InsuranceChange Payment Information
Claudia Hernandez
Cell: (815) 262-7472
Email Me
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24143 W Petite Lake Road | MLS# 12749291
This land located at 24143 W Petite Lake Road , Lake Villa, IL 60046 is currently listed for sale with an asking price of $824,000. The property has approximately 39.59 Acres. W Petite Lake Road is located within the District 117 school district. Search Lake Villa real estate on chernandez.gogambino.com today.