Description
The Final Phase of Cumberland South: A Legacy Development Opportunity Web Video Realty is proud to present the final phase of the established Cumberland South subdivision in Joliet, IL. This offering represents the last remaining 48 residential lots held by the heirs of the original developer, John H. Leach. This is a rare opportunity for a builder or developer to acquire a significant block of inventory within a proven, mature residential community. Site Status & Development Potential Lot Count: 48 undeveloped residential lots. Condition: Raw Land. This project is a "horizontal play"-the purchaser will be responsible for all site work, including the installation of roads, sewer, water, and utilities. Zoning: R-1 (Single-Family Residential). Approvals: The site is conditionally approved (as of March 2026), allowing a streamlined path to final engineering and construction. Strategic Location & Economic Drivers The property is perfectly positioned to capture the massive surge in housing demand driven by over $2 billion in regional investment: Joliet Technology Center: Located in the immediate path of progress for this $2.1 billion high-tech hub, which is expected to bring thousands of high-paying jobs to the area. Rock Run Collection: Minutes from premier retail, dining, and entertainment, enhancing the "live-work-play" appeal for future homeowners. Infrastructure: Benefits from over $100 million in local infrastructure and road improvements, ensuring excellent accessibility. Investment Highlights This is a "Clean Exit" sale offered at $1,200,000. The property is being sold As-Is, making it an ideal acquisition for a developer looking to control the final inventory in a high-demand corridor with established home values. Capitalize on the momentum of Will County's tech explosion by completing the vision of one of Joliet's most respected residential developments.
Details
| MLS # | 12617632 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 144 |
| Listing Provided By | WEB VIDEO Realty | Michael O'Donnell |
Features
| Acreage | 14.00 |
|---|
Utilities
| Utilities | Electricity Nearby, Natural Gas Nearby, Sewer Nearby |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 2537 |
Area Information
| State | IL |
|---|---|
| County | Will |
| City | Joliet |
| Zip Code | 60431 |
| Area | Joliet |
| Listing VS Median (in 60431) | |
Price: $1,200,000 low | high Med: $349,900 On site: 144 low | high Med: 36 | |
Market Activity 60431
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Learn More About This Property
| State | IL |
|---|---|
| County | Will |
| City | Joliet |
| Zip Code | 60431 |
| Area | Joliet |
| Listing VS Median (in 60431) | |
Price: $1,200,000 low | high Med: $349,900 On site: 144 low | high Med: 36 | |
