Approved Subdivision with 13 Residential Vacant Lots

4499 West Kennedy Drive Waukegan, IL 60031

4499 West Kennedy Drive, Waukegan, IL, 60031
4499 West Kennedy Drive, Waukegan, IL, 60031
FOR SALE Auction Property
Property Type:
Residential Land Development
Last Verified:
Apr 06, 2021

New Minimum Bid: $325,000 (Reduced from $350,000) Buyer’s Premium: 5% Cooperating Broker’s Commission: 2.5% of Bid Price/Offer Price (before Buyer’s Premium is added) Lot Combined Acreage: Approx. 3.75 Acres (164,581 SF) Single Family Lots: 13 Set Back Lot: 1 2019 Taxes: $18,061 Zoning: R-3 This approved Phoenix Subdivision has 13 residential vacant lots & 1 additional 14th lot as a setback. Sewer, water & utilities to/nearby subdivision. Gurnee Schools with Waukegan address. School Districts Elementary: 50 Junior High: 50 High School: 121

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Map of 4499 West Kennedy Drive, Waukegan, IL, 60031

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.