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Wanted: Builders! Investors! Live almost free on the beautiful Fox River in this unique riverfront home while your tenants pay your expenses. There are three parcels in this sale which can be divided and sold. The main home, the river frontage, and 7 income producing cottages. The possibilities are endless, sell a parcel for development, expand the cottages, or enjoy your home as is. The cottages are currently generating approximately $5,600 per month. Main residence is a custom built A frame style home with a wall of windows to enjoy picturesque views of the four seasons over 180 feet of Fox River frontage. Open floor concept with volume cedar ceiling invites entertaining on your serene 3.98 acre retreat. Adjoining the main residence is a two room art studio which can be utilized for various functions. Enjoy fine dining, shopping, coffee shops, etc. in downtown Algonquin just minutes away, as are bike trails, parks and entertainment. Also enjoy weekly summer concerts from the privacy of your own pier or take a boat ride thru the locks and enter the chain of lakes for a day of boating. Cottage income and expense sheet available.

Property Details of 401 North River Road

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Listed by Marie Levin of Kale Realty

Algonquin, IL Demographics

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Algonquin, IL Schools

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Based on information submitted to MRED  as of January 17, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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