101 Lake St, Elgin, IL 60120

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Building Details:

13.67 acres partially improved land for townhouse development located in Tall Oaks Subdivision. Property is comprised of 17 five- to six-unit buildings for a total of 95 units, upon completion. Of the total 95 units, 30 lots are improved and 65 lots are partially improved. Great investment opportunity!

List price is $995,000 with an Opening Bid of $675,000 if no offer received prior to auction on 11/23/13. Call for details. “Buyer’s Fee” of 2% or $2,000, whichever is greater, will be added to high bid to determine final sale price. Nonrefundable EM of 5% of the high bid/sales price due from high Bidder on day of auction/offer. Cash closing, no contingencies. Offers are subject to seller approval. Property is being sold “as-is, “where is”. Firm: Micoley.com LLC #481.011994. Broker: Robert Stone #471.015845.

Directions: Route 20 (Lake Street) west past Randall Rd to left on Nesler Rd to right on Gansett Parkway. Property is on the right.