MGW Real Estate Information

The Yates Avenue Farm
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Price : $5,450 per acre Sold
County: Will

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Contact Details -
Jeff Waddell  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0501
Email: Jeff.Waddell@mgw.us.com

Property Details
Location: The subject farm is located approximately 45 miles southeast of Chicago O'Hare International Airport. Nearby towns include: Beecher (1 1/2 miles west), Crete (4 1/2 miles northwest), and Cedar Lake (5 miles east).
Frontage: There is approximately 33 feet of road frontage on S Yates Avenue.
Major Highways: Illinois Route 1 is 2 3/4 miles west, Illinois Route 394 is 3 1/2 miles northwest, U.S. Route 41 is 4 3/8 miles east, and Illinois Route 17 is 8 5/8 miles south of the property.
Legal Description: A brief legal description indicates The Yates Avenue Farm is located in Part of the South Half of Section 12, Township 33 North - Range 14 East (Washington Township), Will County, Illinois.
Total Acres: There are a total of 121 acres, more or less, according to the Will County Assessor's Office.
Tillable Acres: There are approximately 116.74 tillable acres.
Soil Types: The major soil type on this farm is Beecher silt loam.
Topography: The topography of the subject farm is level to gently rolling.
Climate/Growing Season: Will County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 142 days. On average we expect about 2,854 growing degree days from April 15 through September 30. Annual precipitation averages about 34" with over two thirds of this coming during the growing season. Snowfall averages about 32" per year. Prevailing winds are from the west. This climate, combined with the generally excellent soils in this area, provide a nearly ideal environment for the production of corn and soybeans.
Mineral Rights: All mineral rights owned by the seller will be transferred in their entirety to the new owner.
Possession: Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
Price and Terms: The asking price is $5,450 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase.
Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request.
Taxes: The 2015 real estate taxes totaled $1,688.34. The tax parcel numbers are #22-22-12-300-002 and #22-22-12-400-007.
Grain Markets: There are a number of grain markets located within 20 miles of The Yates Avenue Farm.
Zoning: The Yates Avenue Farm is zoned A-1, Agricultural.
Comments: Productive farmland offering. High percentage tillable, excellent Will County location.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
298B Beecher silt loam 71.67 150 10750
232A Ashkum silty clay loam 22.55 170 3834
531C2 Markham silt loam 20.18 147 2966
103A Houghton muck 1.15 175 201
330A Peotone silty clay loam 0.99 164 162
23B Blount silt loam 0.2 138 28
    Total: 116.74    

TOTAL ACRES - 121.0 acres, more or less
TILLABLE ACRES - 116.7 acres, or 96.5% per FSA figures
CORN YIELD - 153.7 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 148.3 bushels per acre, based on total acres

Disclaimer : Although the information contained in this brochure is considered to be accurate, no representation or warranty to that effect is being made. The information contained herein is subject to verification, and no liability for errors or omissions is assumed. The listing may be withdrawn with or without notice, and the stated price and terms are subject to change without notice or approval. The Seller further reserves the right to reject any and all offers. All inquiries, inspection appointments, and offers must be channeled through the Seller’s Designated Agent.