St. Charles, IL

[Efren Corona]

Hello BP community,

So I've been doing research lately and "driving for dollars" especially around the St. Charles, IL area.  I saw a few Lots for sale and I was wondering if anybody here knows whats a good price for a Lot in that area? Ive seen a wide range of prices per acre and all in a particular area so I'm not sure what exactly is a good deal  

[Nino Alfano]

What do you plan on doing with it ?

[Efren Corona]

I would like to build a house on it or if i can find a good decent size Lot then maybe some duplexes or triplexes for rentals

[Justin Pillion]

Hard to put a price per acre on a lot in St Charles without knowing where exactly. But I've seen an acre of land sell from 50K-300K

[Joshua Durrin]

@Efren Corona

I had a house built out there a couple of years ago. It was a terrible investment in real estate. It cost me $700 a month even when fully rented. It was intended, though, for a different business idea that my business partner at the time failed to pull his weight on. That said, St Louis has been getting some favorable press lately with its business growth. There could be some good opportunity if you play your cards right on a good buy and hold.

https://www.linkedin.com/posts/stlpartnership_st-louis-boosted-by-low-cost-of-living-activity-6784846902321139713-qmQT