Property Details
location
The subject property is located approximately 32 miles south of Chicago O’Hare International Airport and is within the village of Frankfort. Nearby cities include: Tinley Park (1 1/4 miles north), Matteson (1 5/8 miles east), and Joliet (8 1/2 miles west).
frontage
There is approximately 5/16 mile of road frontage on U.S. Route 30.
major highways
U.S. Route 30 is the south border of the property, U.S. Route 45 is 1 1/8 miles west, Illinois Route 43 is 1 5/8 miles east, and Interstate 80 is 2 3/4 miles north of the property.
legal description
A brief legal description indicates The Frankfort Property is located in Part of the Northwest Quarter of Section 23, Township 35 North - Range 12 East (Frankfort Township), Will County, Illinois.
total acres
There are a total of 35.964 acres according to recent surveys.
tillable acres
There are approximately 20.61 tillable acres according to the Will County FSA.
soil types
Major soil types found on this farm include Frankfort silty clay loam, Markham silt loam, and Ozaukee silty clay loam.
topography
The topography of the subject property is level to gently rolling.
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 terms
The asking price is $42,500 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.
grain markets
There are a number of grain markets located within 15 miles of The Frankfort Property.
zoning
The Frankfort Property is currently zoned ER - Estate Residential District.
taxes
The 2022 real estate taxes totaled $651.66. The tax parcel numbers are #19-09-23-100-016-0000 & #19-09-23-100-020-0000.