1660 Cary Road

Algonquin, IL 60102

$720,000
Last Sold Price
7
Beds
5
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

FULLY RENTED INCREDIBLE OPPORTUNITY awaits the Savvy business owner or investor on this 3.71 Acre property with 5 Rented buildings. Or the perfect family compound! Current zoning will not allow such a tall building as the Pole Barn on anything less than 10 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 with reception, 2 private rooms, Kitchen, Full bath & laundry & garage-carport/storage; Attic storage -...FULLY RENTED INCREDIBLE OPPORTUNITY awaits the Savvy business owner or investor on this 3.71 Acre property with 5 Rented buildings. Or the perfect family compound! Current zoning will not allow such a tall building as the Pole Barn on anything less than 10 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 with reception, 2 private rooms, Kitchen, Full bath & laundry & garage-carport/storage; Attic storage - 12x12 roll-up door & 8x8 SECOND INTERIOR DOOR & commercial hanging heater. Property includes a 4 bed/2 Bath 2 story house with a 3 Car attached garage & enclosed porch as well as an updated 2 Bed/1 Bath Ranch with 2 car Attached Garage. Detached Updated 1 Bedroom House with a 3 car garage/-heated & AC with Kitchen, Bath & Office Nook. Updated Septic for the 2 story Great rental income all adds up to a FAB Find in Algonquin! Use the Extra Land (approx. 1.25 acres) to Build that Dream home while the other buildings pay your mortgage! The original Barn is built in 1955 - Everything but the 1 bedroom is newer than the Barn. 2 Story is the newest building. Owner built it for himself when he 1st purchased the property. NOTE: Homes cannot be separated into single parcels per McHenry county. Circular Drive is a Fire Lane. Front half of polebarn is approx. 50ft wide x 40ft long x 15 ft high at trusses. 12 ft rollup door.
  1. Listed by Cheryl Black • Coldwell Banker Realty

Property Details for 1660 Cary Road

Area
Algonquin
Township
Algonquin
Num Of Parking Spaces
15.0
Num of Interior Fireplaces
0
Zoning
OTHER

Location

Listing Courtesy of Coldwell Banker Realty

Sold By eXp Realty, LLC

Add your commute
LISTING UPDATED: 07/11/2023 11:10 AM

Property Details for 1660 Cary Road

StatusClosed
MLS #11699408
Days on Market181
Taxes$15,157 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Cluster
Year Built1955
Lot Size3.70 AC / 161,172 SF
CountyMcHenry County

Location

Listing Courtesy of Coldwell Banker Realty

Sold By eXp Realty, LLC

Add your commute

Building Information for 1660 Cary Road

Stories-Residences6Year Built1955Building Size-Lot Size3.70 AC / 161,172 SF

Payment Calculator

$5,192 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,929

Property Taxes

$1,263

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1660 Cary Road

General Information
Addtl Parking Information
  • Indoor Parking: 6-12 Spaces
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps, Service - 101 to 200 Amps, Service - 201 to 600 Amps
  • # Of Washers: 4
  • Basement Description: Unfinished, Cellar, Exterior Access, Egress Window, 9 ft + pour, Concrete (Basement)
  • Heat/Ventilation: Forced Air,Gas,Hot Water
  • # Of Window/Ac: 1
  • # Of Refrigerators: 4
  • Washer/Dryer Lsd: No
  • Misc Inside: Storage Inside
  • # Of Dryers: 4
  • # Of Disposals: 0
  • # Of Dishwashers: 2
  • Num of Baths: 5.1
Exterior Features
  • Misc Outside: Courtyard,Patio,Storms and Screens (as exist),Other
Utilities / Equipment
  • Utilities: Septic-Private, Well Private, Well-Shared, Shared Septic Connected
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Cluster
  • Lot Dimensions: 535 X 634.75 X 121.21 X 369.42
  • Lot Size Square Feet: 161172.0
  • Stories: 2
  • Exterior Building Type: Aluminum Siding, Vinyl Siding
  • Construction: Concrete, Block, Steel Siding, Wood Frame
  • Roof Type: Composition, Metal
  • Fire Protection: Fire Extinguisher/s
  • Foundation Details: Block, Concrete Perimeter
  • Building Area Total: 9029
  • # Of Ranges: 4
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Office and Research, Multi-Family, Single Family, Special Use, Other
  • Buyer Financing: Conventional, Owner May Help/Assist, Negotiable
  • Documents Available: Rent Roll,Leases,Existing Survey,Tax Bill
  • Public Document Count: 5
  • Document Date: 2023-05-28T15:56:31
  • Photos Count: 80
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family, Other
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $87,732.00
  • Gross Scheduled Income: $87,732.00
  • Insurance Expense: $4,300.00
  • Maintenance Expense: $900.00
  • Known Encumbrances: None Known
  • Expense Year: 2021
  • Total Annual Expense Source: Owner Projection
  • Insurance Expense Source: Actual
  • Janitor Expense: 1500
  • Net Operating Income Year: 2022
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 7311
  • Net Operating Income: $65,355.00
  • Operating Expense: $24,677.00
  • Other Expense: $900.00
  • Trash Expense: $160.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1660 Cary Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1660 Cary Road

Taxable ValueLand$35,808Additions$160,028Total$195,836
Home Facts
Beds0Baths4Total Finished SqFt2,196 SqFtAbove Grade Finished SqFt2,196 SqFtStories2Lot Size161,172 SqFtStyleSingle Family ResidenceYear Built1955CountyMCHENRYAPN19-26-101-001

Schools near 1660 Cary Road

This home is within Community Unit School District 300.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Eastview Elementary School
PublicPK to 5

Algonquin Middle School
Public6 to 8

Dundee-Crown High School
Public9 to 12

DREAM Academy
PublicK to 5

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker 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.