211 Main StCarpentersville, IL 60110

This exceptional 3.2-acre development site in Carpentersville, Illinois, presents a unique opportunity for institutional investors. Located at 211 W Main St, 60110, this shovel-ready project boasts approved plans and permits for a 130-unit Class-A apartment building, minimizing upfront costs and expediting construction. The single four-story building will encompass 100,000 square feet and include 240 parking spaces. The property benefits significantly from pre-approved Tax Increment Financing (TIF) funds totaling approximately $11,000,000, substantially reducing financial burdens. Current owners have already invested over $2,000,000 in zoning, engineering, and comprehensive plans, further streamlining the development process. This is a truly exceptional opportunity to capitalize on a fully permitted, ready-to-build multifamily project in a prime Kane County location. All necessary approvals are in place, allowing for immediate commencement of construction. The substantial TIF funding and minimized soft costs make this a highly attractive investment proposition with significant potential for return. This is a rare chance to acquire a fully prepared development site, eliminating lengthy permitting and planning phases.