Sold
Last Sold Price
34 beds
401 Haber Rd, Cary, IL 60013
Multi FamilyProperty Type
2.79 acresLot Size
2023Year Built

Description

Property is now going to Auction! Now being offered is the newly constructed 55 and older Haber Luxury Apartment Building in Cary, IL which sits on a total of 2.83 acres. This twenty-four (24) unit apartment complex has a unit mix of fourteen (14) 1Bd-1Bath units that range from 595 SF to 706 SF, six (6) 2Bd-2Bath units & four (4) 2Bd-1Bath units that range from 847 SF to 1098 SF. All units feature an in-home washer and dryer, private balcony or patio, white shaker style cabinetry, wood vinyl plank...Property is now going to Auction! Now being offered is the newly constructed 55 and older Haber Luxury Apartment Building in Cary, IL which sits on a total of 2.83 acres. This twenty-four (24) unit apartment complex has a unit mix of fourteen (14) 1Bd-1Bath units that range from 595 SF to 706 SF, six (6) 2Bd-2Bath units & four (4) 2Bd-1Bath units that range from 847 SF to 1098 SF. All units feature an in-home washer and dryer, private balcony or patio, white shaker style cabinetry, wood vinyl plank flooring, framed bathroom mirrors, quartz countertops, nest smart thermostat & smart locks. Also offered to tenants are shared areas, offering a kitchenette and game room/social area for tenants. Tenants will pay for all utilities except for garbage. An investor can add value by building fifteen (15) covered garages which a tenant can use for extra parking or storage and could potentially bring in an additional $30,000 per year. Add Value Component: In addition to the apartment building, the remaining property around the perimeter of the building consists of a 79,753 square foot or 1.83-acre site that an investor could improve by developing seven (7) two family townhome buildings totaling fourteen (14) units ranging from approximately 1,900SF to 2,100SF. The buildings which the seller has drawn plans for could consist of two (2) 1-story, masonry, and frame-constructed structures and five (5) 2-story, masonry and frame-constructed structures that will contain a gross building area of 24,390 square feet. Two (2) buildings will contain four (4) 1-bedroom 1.1 bath units, with finished lower levels containing two (2) bedrooms and a full bath. Two buildings will contain two (2) 3-bedroom 2.1 bath units, which will have all 3 bedrooms on the second floor. The last 3 buildings will have two (2) 3 bedroom and 2.1 bath units, with a master bedroom and bath on the ground floor and two bedrooms, a loft area, and a full bath on the second floor. All the fourteen (14) units will have a living room, kitchen, dining area, in unit laundry and an attached 2 car garage and the two townhomes to the far south of the property will be the only units that will offer a basement. The resale value for each individual unit is $385,000-$400,000.

    Sold By Premier Commercial Realty

    • Listed by: Heather Schweitzer 847.854.2300 HeatherS@PremierCommercialRealty.com • Premier Commercial Realty
    Listing closed: 12/28/2023 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11852231

    Recent comparable sales

    Median sold price

    $399,000

    Avg days on market

    279

    Sale-to-list ratio

    97.0%

    Cary, IL

    9 comparable properties found

    1

    $4,226,500

    Sold 11/16/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    64,800
    Square Feet
    Unavailable
    Acres
    2

    $4,500,000

    Sold 04/17/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    75,000
    Square Feet
    Unavailable
    Acres
    a front view of a house with a yard
    1/22
    3

    $737,500

    Sold 04/23/25

    5
    Bedrooms
    Unavailable
    Square Feet
    0.13
    Acres
    4

    $398,000

    Sold 05/20/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    Unavailable
    Acres
    5

    $399,000

    Sold 03/27/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    Unavailable
    Acres
    6

    $395,000

    Sold 05/22/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    Unavailable
    Acres
    7

    $399,000

    Sold 05/21/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    Unavailable
    Acres
    a view of a golf course
    1/9
    8

    $550,000

    Sold 08/29/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    2.96
    Acres
    a front view of a house with a yard
    1/18
    9

    $296,000

    Sold 10/21/24

    2
    Bedrooms
    1,406
    Square Feet
    Unavailable
    Acres

    Location

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    Principal and Interest

    $23,254

    Property Taxes

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    Property Information for 401 Haber Road

    Property Details
    • Taxes: $9,999,999 / year
    • MLS Type: Multi Family 5+ / Corridor-Exterior Entrance
    • Area: Cary / Oakwood Hills / Trout Valley
    • Air Conditioning Type: Central Individual
    • Zoning: MULTI
    Building Information
    • Stories: 2
    • Residences: 24
    • Year Built: 2023
    • Lot Size: 2.79 AC / 121,532 SF
    General Information
    Addtl Parking Information
    • Outdoor Parking: 31-50 Spaces
    Location and General Information
    • Information: Short Notice OK,Show-Call Listing Office,No Sign on Property,Code Compliance Reqd,Profit & Loss Avalia
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Air Conditioning: Central Individual
    • Electric: Separate Meters
    • # Of Washers: 24
    • Heat/Ventilation: Central Heat/Indiv Controls
    • # Of Refrigerators: 24
    • Washer/Dryer Lsd: No
    • Misc Inside: Common Exercise Room/s,Common Lunchroom/s,Common Meeting Room/s,Elevator/s Passenger,Accessible Entrance
    • # Of Dryers: 24
    • # Of Disposals: 24
    • # Of Dishwashers: 24
    • Num of Baths: 30.0
    Utilities / Equipment
    • Utilities: Sanitary Sewer, Water to Site
    Property/Lot Information
    • Tenant Pays: Electricity, Heat, Scavenger, Sewer
    • Built Before 1978: No
    • Approximate Age: New Construction
    • Multi-Family Type: Corridor-Exterior Entrance,Garden Complex,Senior
    • Lot Dimensions: 654X214
    • Stories: 2
    • Exterior Building Type: Brick, Wood Frame, Aluminum Siding
    • Construction: Brick, Wood Frame
    • Fire Protection: Sprinklers-Wet,Sprinklers
    Property and Assessments
    • Possible Use: Multi-Family, Single Family
    • Public Document Count: 1
    • Document Date: 2023-08-05T16:00:32
    • Photos Count: 30
    Miscellaneous
    • Current Use: Multi-Family
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    • Virtual Tour Date: 08-12-2023
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 24
    Income & Expenses
    • Electric Expense: $999,999.00
    • Fuel Expense: $999,999.00
    • Gross Income: $99,999,999.00
    • Gross Scheduled Income: $999,999.00
    • Insurance Expense: $999,999.00
    • Maintenance Expense: $999,999.00
    • Manager Expense: $999,999.00
    • Electric Expense Source: Broker Projection
    • Expense Year: 2023
    • Total Annual Expense Source: Owner Projection
    • Fuel Expense Source: Broker Projection
    • Insurance Expense Source: Broker Projection
    • Janitor Expense: 999999
    • Manager Expense Source: BP
    • Net Operating Income Year: 2023
    • Other Expense Source: Broker Projection
    • Repairs-Decor Expense Source: Broker Projection
    • Trash Expense Source: Broker Projection
    • Total Monthly Income: 999999
    • Water Expense Source: Broker Projection
    • Net Operating Income: $9,999,999.00
    • Operating Expense: $9,999,999.00
    • Other Expense: $999,999.00
    • Trash Expense: $999,999.00
    • Water Sewer Expense: $999,999.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 14
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 4
    Unit 3
    • Unit Type Baths Total: 2
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 6
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0

    Property History for 401 Haber Road

    DateEvent & SourcePriceAppreciation
    Dec 28, 2023

    Sold

    MRED #11852231

    $4,500,000
    Nov 7, 2023

    Listed (Active)

    MRED #11852231

    $5,000,000
    Nov 3, 2023

    Pending

    MRED #11852231

    DateEvent & SourcePrice
    12/28/2023

    Sold

    MRED #11852231

    $4,500,000
    11/07/2023

    Listed (Active)

    MRED #11852231

    $5,000,000
    11/03/2023

    Pending

    MRED #11852231

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Schools near 401 Haber Road

    This home is within Chsd 155 School District.
    Rating
    School
    Type
    Grades
    Distance
    Public - 1 to 5
    Public - 6 to 8
    Public - 9 to 12
    Rating
    School
    Distance
    Briargate Elementary School
    Public1 to 5

    Cary Jr High School
    Public6 to 8

    Cary-Grove Community High School
    Public9 to 12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 401 Haber Road, Cary, IL 60013
    $4,500,000
    34
    121,532
    $195,000
    3
    2,800
    $223,000
    3
    1,709
    $215,000
    2
    2,378
    $550,000
    128,937
    $296,000
    2
    1,406

    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Premier Commercial Realty

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/02/2024 12:52 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.