251 Sherman Avenue
Montgomery, IL 60538
- 3 beds
- 3 baths
- 3,750 sqft
- ~13 acre lot
- $226 per sqft
- 1958 build
- – on site
This 3 bedroom, 2 1/2 bath, with approx. 3750sf home of above grade living space 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.
Listing courtesy of MRED / @properties Christie's International Real Estate as distributed by MLS GRID
Last checked:
Checking…
•
Last updated Apr 28, 2024
•
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
MLS# 11990858 —
Monthly cost estimate
Asking price
$850,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,551
|
Taxes | $1,775 |
Insurance | $233 |
Utilities | $246 See report |
Total | $6,805/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/28/24
Apr 28, 2024
|
Sold Subject To Contingencies | MRED | $850,000 | |
2/27/24
Feb 27, 2024
|
Listed / Active | MRED | $850,000 | |
8/3/23
Aug 3, 2023
|
Price Changed | MRED |