MGW Real Estate Information

The Lynwood Property
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Price : $6,900 per acre
County: Cook

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Contact Details -
Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-901-4269
Email: Mark.Mommsen@mgw.us.com

Property Details
Location: The subject property is located approximately 34 miles southeast of Chicago O'Hare International Airport and within the village of Lynwood. Nearby cities include: Glenwood (3/4 mile west), Lansing (7/8 mile northeast), and Ford Heights (1 1/8 miles south).
Frontage: There is access to the property from the north at Savoy Lane and from the east at 198th Place (1/4 mile west of Torrence Avenue/Illinois Route 83).
Major Highways: Illinois Route 83 is 1/4 mile east, Illinois Route 394 is 3/4 mile west, and the Tri-State Tollway (Interstates 94/294/80) is 2 7/8 miles north of the property.
Legal Description: A brief legal description indicates The Lynwood Property is located in Part of the Southeast Quarter of Section 12, Township 35 North - Range 14 East (Bloom Township), Cook County, Illinois.
Total Acres: There are a total of 35.45 acres, more or less, according to the Cook County Assessor's Office.
Tillable Acres: There are approximately 34.89 tillable acres according to the Cook County FSA.
Soil Types: Milford silty clay loam is the primary soil type found on this property.
Topography: The topography of the subject property is level.
Climate/Growing Season: Cook 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 $6,900 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 $1,214.88. The tax parcel number is #32-12-400-001-0000.
Zoning: The Lynwood Property is zoned R-1A - One Family Dwelling District.
Comments: Future development potential in Cook County. Adjacent to a number of residential developments.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
69A Milford silty clay loam 34.89 171 5966
    Total: 34.89    

TOTAL ACRES - 35.5 acres, more or less
TILLABLE ACRES - 34.9 acres, or 98.4% per FSA figures
CORN YIELD - 171.0 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 168.3 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.