Skip to content
Tax, SDIRAs & Cost Segregation

User Stats

15
Posts
3
Votes
Joe Garb
  • Real Estate Agent
  • Chicago, IL
3
Votes |
15
Posts

Ownership Rights/Easement to use private driveway

Joe Garb
  • Real Estate Agent
  • Chicago, IL
Posted Dec 2 2019, 10:57

Hey BP,

I have a parcel of land in a residential area of Illinois. The property has frontage along a busy road. There is also a private road that leads to the property from the back. I do not currently have rights to utilize the private road. The value add to the property would be to access the land and potential future home from the private road. Currently three homes utilize the private road. Does anyone have experience dealing with acquiring rights to utilize a private road? How would I go about finding out details of this ownership agreement between the property owners? My plan would be to approach each homeowner and work out a deal after doing some homework on the situation of course. Any help would be much appreciated.

Thank you.

Loading replies...