1660 Cary Road

    Algonquin, IL 60102
    • $765,000
    • STATUS: Active
    • ON SITE: 360 days
    • MLS #: 10295974
    UPDATED: 88 min ago
    $765,000
    • 0
      BEDS
    • 3.7
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,029
      SQFT
    • $85
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:
    Area:

    School Ratings & Info

    Description

    FULLY RENTED INCREDIBLE OPPORTUNITY awaits the Savvy business owner or investor on this 3.7 Acre property with AG1 zoning & 5 Rented buildings! Current zoning will not allow such a tall building on anything less than 20 acres. Structures include a 5000 Sq Ft Pole Barn with 5.5" cement floor w/reinforcing wire. 4 Sections to this Pole Barn including an Office/Apartment (currently a residence) with reception, 2 private rooms, Kitchen, Full bath & laundry & garage-carport/storage; Attic storage - 12x12 roll-up door & 8x8 commercial hanging heater. Property also includes a 4 bed/2 Bath 2 story house with a 3 Car attached garage & enclosed porch as well as a 2 Bed/1 Bath Ranch with 2 car Attached Garage. Detached 3 car garage/office-heated & AC with Kitchen, Bath 1 Private Room(currently used as a residence). NEW Septic for the 2 story -LOWER Part AG1 Taxes;Great rental income all adds up to a FAB Find in Algonquin! Use the Extra Land to Build that Dream home while the other buildings pay your mortgage!

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2020-02-27T23:51:26.55 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1660 Cary Road Algonquin, IL 60102

    • Price: $765,000
    • Status: Active
    • Updated: 88 min ago
    • MLS #: 10295974
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.7
    Acres
    9,029
    SQFT
    $85
    $/SQFT
    1955
    Built
    Neighborhood:
    Algonquin
    County:
    McHenry
    Area:
    Algonquin
    Property Description
    FULLY RENTED INCREDIBLE OPPORTUNITY awaits the Savvy business owner or investor on this 3.7 Acre property with AG1 zoning & 5 Rented buildings! Current zoning will not allow such a tall building on anything less than 20 acres. Structures include a 5000 Sq Ft Pole Barn with 5.5" cement floor w/reinforcing wire. 4 Sections to this Pole Barn including an Office/Apartment (currently a residence) with reception, 2 private rooms, Kitchen, Full bath & laundry & garage-carport/storage; Attic storage - 12x12 roll-up door & 8x8 commercial hanging heater. Property also includes a 4 bed/2 Bath 2 story house with a 3 Car attached garage & enclosed porch as well as a 2 Bed/1 Bath Ranch with 2 car Attached Garage. Detached 3 car garage/office-heated & AC with Kitchen, Bath 1 Private Room(currently used as a residence). NEW Septic for the 2 story -LOWER Part AG1 Taxes;Great rental income all adds up to a FAB Find in Algonquin! Use the Extra Land to Build that Dream home while the other buildings pay your mortgage!
    Exterior Features

    Construction ConcreteConcrete BlockSteelWood Frame Foundation BlockConcrete Frontage Access City Street Lot Dimensions 535 X 634.75 X 121.21 X 369.42 Lot Sq Ft 161172 Number Of Parking Spaces 15 Roof Coverings Shingle CompositionMetal

    Interior Features

    Air Conditioning Central AirWindow Unit/S Basement Description None Fire Protection Fire Extinguisher/S Indoor Parking 6-12 Spaces Miscellaneous Inside Storage InsideLaundry Room Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 4 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 1 Number Of Bedrooms Unit4 2 Number Of Dishwashers 2 Number Of Dryers 2 Number Of Fireplaces 0 Number Of Full Bathrooms Type1 2 Number Of Full Bathrooms Type2 1 Number Of Full Bathrooms Type3 1 Number Of Full Bathrooms Type4 1 Number Of Full Bathrooms Type5 0 Number Of Full Bathrooms Type6 0 Number Of Full Bathrooms Type7 0 Number Of Ranges 4 Number Of Refrigs 4 Number Of Rooms Unit Five 3 Number Of Rooms Unit Four 3 Number Of Rooms Unit Six 1 Number Of Rooms Unit1 8 Number Of Rooms Unit2 6 Number Of Rooms Unit3 4 Number Of Rooms Unit7 1 Number Of Stories 2 Number Of Units Apt Type1 1 Number Of Units Apt Type2 1 Number Of Units Apt Type3 1 Number Of Units Apt Type4 1 Number Of Units Apt Type5 1 Number Of Units Apt Type6 1 Number Of Units Apt Type7 1 Number Of Washers 2 Outdoor Parking 6-12 Spaces Repairs Decor Expense 900

    Property Features

    Age 36-50 Years Built Before1978 YN Yes Current Use Residential-Multi-FamilyOther Electrical Service Circuit BreakersSeparate Meters0-100 Amps101-200 Amps201-600 Amps Electricity Expense 0 Expense Year 2018 Exterior Building Type Aluminum SidingVinyl Siding Fuel Expense 0 Gross Rental Income Amount 75600 Heat Ventilation Forced AirGasHot Water Insurance Expense 4300 Insurance Expense Source Actual Janitor Expense 1300 Janitor Expense Source Actual Known Encumbrances None Known Miscellaneous Outside CourtyardPatioStorms And Screens (As Exist)Other Monthly Income Max1 2300 Monthly Income Max2 1300 Monthly Income Max3 950 Monthly Income Max4 900 Monthly Income Max5 900 Monthly Income Max6 400 Monthly Income Max7 400 Net Oper Income Amount 54732 Net Operating Income Year 2018 Number Of Window Ac 1 Other Expense Source Owner Projection Other Expenses 900 Owners Assoc YN No Possession Closing Potential Use Office And ResearchResidential-Multi-FamilyResidential-Single FamilySpecial UseOther Sale Terms ConventionalNegotiable Tax Year 2018 Taxes 13916 Tenant Pays Air ConditioningElectricHeatVaries By Tenant Total Annual Exp 20868 Total Annual Expense Source Owner Projection Total Annual Income 75600 Total Monthly Income 6300 Township Algonquin Type Multi Family Cluster Unincorporated YN No Utilities To Site Septic-PrivateWell-PrivateWell-SharedShared Septic Washer Dryer Lsd YN No Water Expense 0 Zoning Type Other

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coldwell Banker Residential Brokerage.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2020-02-27T23:51:26.55 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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