1940 E Rainbow Ln
Crete, IL 60417
(on 2.03 acres)
Local Information
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Description
Heavily wooded 2+ acre building site in Kimberly Estates, Crete. Bring your plans and build your dream home here. No sales tax Indiana is only minutes away, or communite downtown via I-394 for the shortest time commute in the Chicago Metro Area. Lower Will County taxes compared to Cook County. Septic & well. The pin is zoned R-2 for residential. The maximum accessory building area for this zoning is 1,800 square feet. This includes any garages, pole barns, and sheds. No modular homes permitted.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
No Info
Home Details for 1940 E Rainbow Ln
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Heating & Cooling Heating: Electric, GasHeating Fuel: Electric |
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Property Type / Style Property Type: Lot Land |
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Units in Building: 1 |
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Lot Area: 2.03 acres |
Price History for 1940 E Rainbow Ln
| Date | Price | Event | Source |
|---|---|---|---|
| 04/03/2020 | $19,000 | Sold | MRED as distributed by MLS GRID #10403033 |
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Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $1,406 |
| Assessment | $43,890 |
Home facts updated by county records
Comparable Sales for 1940 E Rainbow Ln
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.92 | Lot/Land | $13,000 | 12/30/25 | - | - | ||
1.25 | Lot/Land | $95,000 | 01/05/26 | - | - | ||
2.51 | Lot/Land | $35,000 | 04/27/26 | - | - | ||
1.80 | Lot/Land | $2,600,000 | 05/27/26 | 3 | 2 | - | |
2.60 | Lot/Land | $112,800 | 03/18/26 | - | - | ||
3.26 | Lot/Land | $504,000 | 10/16/25 | - | - | ||
3.88 | Lot/Land | $35,000 | 06/17/25 | - | - | ||
3.29 | Lot/Land | $270,000 | 12/05/25 | - | - | ||
3.21 | Lot/Land | $650,000 | 10/14/25 | - | - | ||
3.47 | Lot/Land | $150,000 | 11/07/25 | - | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
OFF MARKETRe/Max 10, Closed
OFF MARKETColdwell Banker Realty, Closed
OFF MARKETEvers Realty Group, Closed
OFF MARKETEvers Realty Group, Closed
SOLDMAR 18, 2026A. Hassan Realty, Closed
OFF MARKETeXp Realty, Closed
FOR SALE3.41 ACRESRe/Max 10, Active
OFF MARKETKeller Williams Preferred Rlty, Closed
Assigned Schools
These are the assigned schools for 1940 E Rainbow Ln.
- Balmoral Elementary School
- K-5
- Public
- 458 Students
4/10GreatSchools RatingParent Rating AverageBalmoral is a great place to be. Very family oriented!Parent Review7y ago - Crete-Monee High School
- 9-12
- Public
- 1461 Students
9/10GreatSchools RatingParent Rating AverageCMHS is a wonderful school with hard-working educators. They have Dual enrollment courses, AP Classes, a great sports team, including e-sports, and math team. People complain of fights, and this school has decrease in fights over the past 15 years. Over the past few years, they have brought in metal detectors along with a Strong focus on Security, where they collaborate with local law enforcement. We have a Superintendent who has brought a focus on collaboration within the community, and she has worked with her team to bring our buildings into the 21st Century with Smart lines in every classroom, Smart STEM Labs in our elementary schools. We are currently building new turf baseball and football fields. I am a long-standing Crete Resident. I have been around for more than 30 years. I choose to live here because I love my community.Parent Review10mo ago - Crete-Monee Middle School
- 6-8
- Public
- 985 Students
4/10GreatSchools RatingParent Rating AverageAt this school there is foul language used everyday. The lunches are not healthy. There is a fight between students almost every week. The students talk back to the teachers. Don't go to this school unless you think your child is brave enough to to go here.Student Review2mo ago 
Check out schools near 1940 E Rainbow Ln.
What Locals Say about Crete
At least 89 Trulia users voted on each feature.
92 % Say car is needed
89 % Say it's dog friendly
87 % Say yards are well-kept
86 % Say parking is easy
84 % Say there's holiday spirit
82 % Say it's quiet
79 % Say there's wildlife
67 % Say people would walk alone at night
65 % Say kids play outside
60 % Say neighbors are friendly
47 % Say there are sidewalks
44 % Say they plan to stay for at least 5 years
43 % Say it's walkable to restaurants
33 % Say streets are well-lit
32 % Say there are community events
15 % Say it's walkable to grocery stores
Sourced by Trulia users. Learn more about our methodology.
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Apartments for Rent
Homes for sale near 1940 E Rainbow Ln
Off Market Homes Near 1940 E Rainbow Ln
SOLDMAY 28, 2026Elizabeth Sheeran, @properties/Christie's Intl RE
SOLDMAY 27, 2026Infiniti Properties, Inc., Closed
SOLDMAY 27, 2026Keller Williams Preferred Realty, Closed
SOLDMAY 27, 2026Keller Williams Preferred Realty, Closed
SOLDMAY 27, 2026Keller Williams Preferred Realty, Closed
SOLDMAY 22, 2026RE/MAX 10 in the Park, Closed
SOLDMAY 22, 2026Grandview Realty, LLC, Closed
SOLDMAY 22, 2026Listing Leaders Northwest, Closed
SOLDMAY 22, 2026Susan Mender, Listing Leaders MVPs
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Homes for rent near 1940 E Rainbow Ln
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1940 E Rainbow Ln, Crete, IL 60417 is a lot/land. This property is not currently available for sale. 1940 E Rainbow Ln was last sold on Apr 3, 2020 for $19,000.