15 SF Lots in the Jacaranda Subdivision in Bartlett, Illinois

Location: 1681 Gerber Road, Bartlett, IL, 60103

15 SF Lots in the Jacaranda Subdivision in Bartlett, Illinois

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Description

Call for Best and Final Offers by 5 pm CST, October 1, 2019

Buyer’s Premium: 6%

Cooperating Broker’s Commission: 2%

Gross Land Area: Approx. 357,146 SF (Approx. 8.20 Acres)

Net Lot Area: Approx. 170,717 SF (Approx. 3.92 Acres)

Number of Lots: 15

2017 Taxes: Seller is Tax Exempt

PIN #: 01-14-400-013

Zoning: SR-2 PUD, Suburban Residence Single Family District

County: DuPage County

Township: Wayne Township

Subdivision: Jacaranda Subdivision

This property consists of 15 single family lots within the Jacaranda Subdivision in Bartlett, Illinois. Lots 1 through 10 have frontage along the north side of Jacaranda Drive and lots 11 through 15 have frontage along the proposed Winston Lane. Lots 1 through 10 have direct access to Jacaranda Drive and lots 11 through 15 require additional roadway and infrastructure improvements.

All private and public utilities are available to the subdivision. The lots along Jacaranda Drive have utilities to each lot. Utilities to the proposed Winston Lane lots will require construction.

The subdivision is located along the north and east side of Jacaranda Drive, just east of Gerber Road, between Schick Road to the north and Army Trail Road to the south. The common address of the property is 1681 Gerber Road / Jacaranda Subdivision, Bartlett, IL 60103.

This property is located in the Village of Bartlett, approximately 31 miles northwest of downtown Chicago. Bartlett is located in Cook, DuPage, and Kane Counties and encompasses approximately 14.55 square miles.  Neighboring communities include Streamwood and Elgin to the north, Hanover Park to the east, Carol Stream and West Chicago to the south, and the Village of Wayne and South Elgin to the west.  Most of the Village of Bartlett is located in Wayne Township, but the northern portion is in Hanover and Elgin Townships.

SCHOOLS:

Hawk Hollow Elementary School
School District U-46, IL K-6

Eastview Middle School
School District U-46, IL 7-8

Bartlett High School
School District U-46, IL 9-12

The Hawk Hollow Elementary School is located in the subdivision on the southwest corner of the proposed Winston Lane and Jacaranda Drive in the Jacaranda Subdivision.

 **Being Sold As-Is by the Board of Education of School District U-46, Kane, Cook and DuPage Counties, Illinois**

***This sale is subject to approval by the Board of Education of School District U-46, Kane, Cook and DuPage Counties, Illinois (Seller)***

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Confidentiality Agreement

I/We the Accepting Party/Parties and any related entities, including brokers, (the “Accepting Party”) is/are interested in obtaining information regarding this Property (the “Property”) in order to evaluate the possible acquisition (the “Proposed Transaction”) of the Property. By entering my/our password I/We accept the following terms of this confidentiality agreement:

  1. Confidentiality: Any information with respect to the Property (collectively, the “Evaluation Materials”) provided to Accepting Party by Owner, Owner’s Representative and AW Properties / AuctionWorks any of their respective consultants, agents or employees (collectively, the “Seller Property”) will be used solely for the purpose of evaluating the possible acquisition of the Property by Accepting Party, and will not be used or duplicated for any other purpose. Accepting Party shall keep all Evaluation Materials strictly confidential provided that the foregoing shall not apply (a) to information of a public nature or learned by Purchaser from any source other than Seller, or (b) from and after the Closing Date. From and after the Closing Date Purchaser shall keep all financial information relating to the Tenants confidential. Nothing contained in this Section shall prohibit any party from disclosing information (I) to its lenders, members, partners, shareholders agents or consultants or prospective purchasers of any of the Parcels or any interest therein; provided that as a condition to any disclosure of Tenant’s or Seller’s financial information, Purchaser shall deliver to Seller a confidentiality agreement executed by the party receiving such information, which agreement shall be for the benefit of Seller and shall be at least as comprehensive as this agreement, (ii) as required by any applicable securities requirement, law or court order, or (iii) in any action between any of the following parties: Purchaser, Seller, Seller’s Affiliate, any Agreement, the provisions of this Section shall survive the Closing or any termination of this Agreement.
  2. No Disclosure: Accepting Party shall not (I) disclose the fact that discussions are taking place concerning the possible acquisition of the Property or any of the terms thereof, or (ii) conduct any discussions, negotiations or make any inquiries concerning the possible acquisition of the Property with any other person or entity, except for Owner and AW Properties / AuctionWorks, except as may be expressly permitted elsewhere in the Agreement and, only in strict accordance with the provisions hereof.
  3. No representations by Seller Parties: None of Seller Parties make any representations or warranties as to the accuracy of completeness of the Evaluation Materials or that actual results will conform to any projections contained therein. Owner, Owner’s Representative and AW Properties / AuctionWorks expressly disclaim any and all liability for representations or warranties, express or implied, contained in the Evaluation Materials or in any other written, oral or other communications transmitted or made available to Accepting Party by Seller Parties, including, without limitation, computer disks containing files with financial data or projections.
  4. No Obligation: Owner is under no legal obligation of any kind whatsoever with respect to the Proposed Transaction by virtue of this Agreement, the delivery of any Evaluation Materials, any discussions concerning the Proposed Transactions or otherwise, unless and until a binding written agreement is executed and delivered by all parties thereto.
  5. Accepting party hereby agrees to indemnify and hold harmless each of the Seller Parties against any and all costs, loss, liability or expense, including attorney’s fees and expenses, arising from or in any way connected with any breach of Accepting Party’s obligations under this Agreement.


Total Bids Placed:

Auction has expired

Auction Expired because there were no bids
Auction started January 14, 2020 12:00 am CST

Auction Information

ONLINE-ONLY AUCTION

Bidding Starts: January 14, 2020 12:00 am CST

Bidding Ends: January 14, 2020 5:00 pm CST

Location: 1681 Gerber Road, Bartlett, IL, 60103

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