MGW Real Estate Information

The Elwood Property
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Price : $9,250 per acre Sold
County: Will

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Contact Details -
Josh Waddell  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0439

Property Details
Location: The subject property is located approximately 37 miles southwest of Chicago O'Hare International Airport and is contiguous to the city of Joliet. Nearby towns include: Manhattan (1 3/4 miles east), Elwood (2 1/2 miles southwest), and New Lenox (3 miles northeast).
Frontage: There is approximately 3/16 mile of road frontage on W Manhattan Road.
Major Highways: Illinois Route 53 is 1 1 /2 miles west, U.S. Route 52 is 2 1/4 miles east, Interstate 80 is 5 3/16 miles north, and Interstate 55 is 7 1/2 miles west of the property.
Legal Description: A brief legal description indicates The Elwood Property is located in Part of the Northeast Quarter Section 14, Township 34 North - Range 10 East (Jackson Township), Will County, Illinois.
Total Acres: There are a total of 66.98 acres, more or less, according to the Will County Assessor's Office.
Tillable Acres: There are approximately 54.73 tillable acres, estimated.
Soil Types: Major soil types found on this farm include Waupecan silt loam and Symerton silt loam.
Topography: The topography of the subject farm is level to nearly level.
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 inches with over two thirds of this coming during the growing season. Snowfall averages about 32 inches 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 $9,250 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 $1,455.98. The tax parcel numbers are #10-11-14-200-013-0000 and #10-11-14-200-005-0000.
Grain Markets: There are a number of grain markets located within 15 miles of The Elwood Property.
Zoning: The Elwood Property is zoned A-1 Agricultural and E-2 Residential Estate.
Comments: Productive tillable land with approximately 10 acres of timber/recreational land. Superb location for future development.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
369A Waupecan silt loam 21.94 189 4147
294B Symerton silt loam 10.7 177 1894
223C2 Varna silt loam 8.85 150 1328
232A Ashkum silty clay loam 6.9 170 1173
146B Elliott silt loam 2.87 166 476
369B Waupecan silt loam 2.4 187 449
329A Will silty clay loam 0.56 174 97
541B Graymont silt loam 0.44 181 80
293B Andres silt loam 0.07 182 13
    Total: 54.73    

TOTAL ACRES - 67.0 acres, more or less
TILLABLE ACRES - 54.7 acres, or 81.7% per FSA figures
CORN YIELD - 176.4 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 144.2 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.