ClosedPrice Reduced

$370,000

$375,000
1045 Algonquin Road, Algonquin, IL 60102
32 days
1045 Algonquin Road·Algonquin, IL 60102
1976Year Built
About This Home

Two buildings, zoned B1...Large unit has available two units, smaller one in back has a exterior fire on the back wall which needs to be corrected. Unincorporated, code violation from McHenry concerns the damage and will need to be remediated for that unit. Three separate utilities, city water, septic behind smaller unit which is a garage with bathroom and small office. Inside needs updating, office area, upstairs dining area, washrooms in all three units. Large overhead door in main units. Billboard sign on property pays owner rent which has separate electric which sign company pays for. See pictures on inside needs. Huge potential for owner occupied, rental on the two other units, monthly income from billboard. Large back area for possible rental income on vehicles, boats, etc. As is, will entertain a short due diligence period. with qualified financing.

MLS# 11924393Listed November 5, 2023Commercial Sale
Property Details

Beds & Baths

Size & Structure

Year Built1976
Lot SizePER SURVEY

Location

CountyMcHenry
TownshipAlgonquin
Zip Code60102

Financial

List Price$370,000
Original Price$375,000
Annual Taxes (2022)$8,943
Monthly Tax Est.$745
Parcel #1928404015
Interior Features

Cooling

Exhaust FanOffice OnlyPartial
Utilities & Parking

Electric

Service - 201 to 600 Amps
Tax & Financial
Annual Taxes
$8,943
Tax Year 2022
Monthly Tax Est.
$745
per month
Price Reduced by $5,000
Original list price: $375,000
Property Location

1045 Algonquin Road, Algonquin, IL 60102McHenry County

$370,000
1045 Algonquin Road
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
32 days on market
PER SURVEY
$8,943/yr taxes
Price reduced $5,000
$2,690
estimated monthly payment
Principal & Interest
$1,945/mo
Property Tax
$745/mo
$370,000
20% — $74,000
3%50%
6.875%
3%12%
Loan Amount
$296,000
Down Payment
$74,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Baird & Warner Real Estate - Algonquin
Agent: Don Cook
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