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    1660 Cary Road

    Algonquin, IL 60102
    • $765,000
    • STATUS: Active
    • ON SITE: 401 Days
    • MLS #: 10852564
    UPDATED: 28 min ago
    $765,000
    • 0
      BEDS
    • 3.7
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,029
      SQFT
    • $85
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    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 that is currently AG1 zoning & 5 Rented buildings - buyer due diligence. 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 ;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! The original Barn is built in 1955 - Everything else is newer. 2 Story is the newest building. Owner built it for himself when he 1st purchased the property. SELLER FINANCING AVAILABLE WITH A BALLOON LAND CONTRACT of no more than 5 years & 50% down.

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    © 2021 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2021-10-17T15:00:14.203 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: 28 min ago
    • MLS #: 10852564
    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 that is currently AG1 zoning & 5 Rented buildings - buyer due diligence. 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 ;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! The original Barn is built in 1955 - Everything else is newer. 2 Story is the newest building. Owner built it for himself when he 1st purchased the property. SELLER FINANCING AVAILABLE WITH A BALLOON LAND CONTRACT of no more than 5 years & 50% down.
    Exterior Features

    Exterior Building Type Aluminum SidingVinyl Siding Foundation Details BlockConcrete Perimeter Frontage Type City Street Outdoor Parking 6-12 Spaces Parking Total 15 Roof CompositionMetal

    Interior Features

    Basement None Cooling Central AirWindow Unit(S) Fireplaces Total 0 Heat Ventilation Forced AirGasHot Water Miscellaneous Inside Storage InsideLaundry Room Number Of Dishwashers 2 Number Of Dryers 2 Number Of Ranges 4 Number Of Washers 2

    Property Features

    Additional Parcels YN Yes Approximate Age 36-50 Years Building Area Total 9029 Built Before1978 YN Yes Current Use Multi-FamilyOther Electric Circuit BreakersSeparate Meters0-100 Amps101-200 Amps201-600 Amps Fire Protection Fire Extinguisher/S Gross Income 75600 Gross Scheduled Income 75600 Insurance Expense 4300 Maintenance Expense 900 Net Operating Income 54732 Operating Expense 20868 Ownership Types Individual Possible Use Office And ResearchMulti-FamilySingle FamilySpecial UseOther Tax Annual Amount 14506 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeatVaries By Tenant Total Monthly Income 6300 Township Algonquin Type Multi Family 5+ Utilities Septic-PrivateWell-SharedShared Septic Connected Zoning Other

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coldwell Banker Realty.


    © 2021 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2021-10-17T15:00:14.203 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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