1401 Riverside Drive

    Mchenry, IL 60050
    • $631,000
    • STATUS: Active Under Contract
    • ON SITE: 183 days
    • MLS #: 10313835
    Under Contract
    UPDATED: 18 min ago
    $631,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS

    School Ratings & Info

    Description

    The Town Club bar & 13 residential units situated in one of McHenry's most historic properties is available for sale. The city's first Courthouse and historical marker (not landmarked, however) is steps to the Fox River and all that downtown McHenry has to offer. The make-up includes a mix of Studio & 1BR units in the residential portion, along with a large parking lot, garage & additional land for future development or yard space. All units are currently occupied and new upgrades include a newer boiler & updated electric. THE BAR INCLUDES A FULL LIQUOR LICENSE & RARELY COMBINED WITH A FULL GAMING LICENSE BRINGING IN ADDITIONAL INCOME. 16 private parking spaces on site plus tons of free street parking in front. Property being sold AS-IS WHERE-IS.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2019-09-20T07:51:07.897 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.bnrealty.com/homes/92860632

    1401 Riverside Drive Mchenry, IL 60050

    • Price: $631,000
    • Status: Active Under Contract
    • Updated: 18 min ago
    • MLS #: 10313835
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1840
    Built
    Neighborhood:
    Holiday Hills / Johnsburg / Mchenry / Lakemoor / Mccullom La
    County:
    McHenry
    Area:
    Holiday Hills / Johnsburg / Mchenry / Lakemoor / Mccullom La
    Property Description
    The Town Club bar & 13 residential units situated in one of McHenry's most historic properties is available for sale. The city's first Courthouse and historical marker (not landmarked, however) is steps to the Fox River and all that downtown McHenry has to offer. The make-up includes a mix of Studio & 1BR units in the residential portion, along with a large parking lot, garage & additional land for future development or yard space. All units are currently occupied and new upgrades include a newer boiler & updated electric. THE BAR INCLUDES A FULL LIQUOR LICENSE & RARELY COMBINED WITH A FULL GAMING LICENSE BRINGING IN ADDITIONAL INCOME. 16 private parking spaces on site plus tons of free street parking in front. Property being sold AS-IS WHERE-IS.
    Exterior Features

    Construction Wood Frame Lot Dimensions 172X135X200X65X25X67 Lot Sq Ft 17558 Number Of Parking Spaces 16

    Interior Features

    Air Conditioning None Fire Protection Fire Extinguisher/S Number Of Apts 13 Number Of Offices 0 Number Of Stores 1 Number Of Stories 2 Outdoor Parking 13-18 Spaces

    Property Features

    Age Older Built Before1978 YN Yes Contingency Flag Attorney/Inspection Electrical Service Circuit Breakers Electricity Expense 0 Fuel Expense 0 Geographic Locale Northwest Suburban Gross Rental Income Amount 89220 Heat Ventilation Hot WaterRadiators Insurance Expense 0 Net Oper Income Amount 71953 Number Of Tenants 14 Other Expenses 0 Rental Price 0 Tax Year 2017 Taxes 16806 Tenant Pays OtherVaries By Tenant Total Annual Exp 57806 Total Annual Expense Source Broker Projection Total Annual Income 134220 Total Monthly Income 7435 Township Mchenry Water Expense 0 Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Sperry Van Ness.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2019-09-20T07:51:07.897 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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