Description

POTENTIAL, POTENTIAL, POTENTIAL!!!!Amazing opportunity for developers, investors, or just private person who can turn this project in to investment and lifetime income return. Partially Finished 4 unit condo building with blueprints. Plus additional 2x 10 unit foundation and 4 unit foundation.Currently that parcel is zoned R-4, Existing Residence District. Multi-family dwellings are permitted in the R-4 District at a density up to 1 dwelling unit per 3, 000 square feet. So PIN: 04-02-301-024 can possibly have up to 51 units subject to meeting parking requirements, setbacks, stormwater detention, etc. Due to how adjacent properties have developed and the Village's Comprehensive Plan showing the area to remain residential, staff would not recommend approval for a rezoning request to commercial. However, the Village's Zoning Ordinance does allow for limited non-residential uses to be developed subject to special use approval by the Village Board. Those can be found in Section 10-3B-2 of the Capron Municipal Code. As far as the unfinished structures on site, I would prefer to consult with the building inspector or city hall. For Unfinished 4 unit condo all materials and land improvement are below: Lumber came from Woodstock lumber and Menards. Framing of the structure is completed-no inspection.Pella Windows and doors.Electrical rough in with wires pulled completed-no inspection.Rough heating is completed-no inspection. Plumbing is 90% done-no inspection. Cedar knolls double 4 siding Jamestown blue Norandex vinyl siding purchased from ABC supply. Deck materials purchased from Menards not installed still in bunk on site. The shingles were purchased from ABC and installed by a company. Land improvements: Engineering for retention ponds and runoff has been completed and approved by the village of Capron. All four foundations have been inspected and approved by the village of Capron.Main Sewer line has been installed to the back of the property and hooked up to first four unit building and tap on fees have been paid.Water tap on fee has been paid but not installed.

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Listed by: Keller Williams Premiere Properties