1660 Cary Road

ALGONQUIN, IL 60102

$865,000

 
MLS# 09724100


Description

INCREDIBLE OPPORTUNITY awaits the Savvy business owner or investor on this 3.7 Acre property with AG1 zoning & 4 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!
Listed:
08/17/17
Original Price:
$885,000
Price Change:
1.1%

This listing 1660 Cary Road Algonquin, Il 60102 is a mixed use listing on a lot of 161,172 sqft (or 535 X 634.75 X 121.21 X 36 acres). 1660 Cary Road was built in 1955. 1660 Cary Road is located in Algonquin and in ZIP Code 60102. It has been listed on our site since Aug 17, 2017.

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Listing Office: Coldwell Banker Residential Brokerage

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Algonquin

Algonquin is a commercial-minded suburb set along the banks of the Fox River and a number of major roads, including Randall Road, Route 62, and Route 31. This charming waterside village is located 43 miles northwest of Chicago and 30 miles south of the Wisconsin border. However, Algonquin residents don’t need to leave the village limits for shopping, gourmet food, or great entertainment. Major retail centers such as the Algonquin Commons provide numerous boutiques and restaurants while Randall Road is lined with flourishing businesses, including Montarra, Brunswick Zone XL, and The Creperie Normande. The scenic Fox River offers an ideal location for hiking, biking, boating, and waterskiing.

Algonquin

School Information

*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.

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