401 Haber Road, Cary, IL
$ 5,000,000
Property Attributes
  • MLS#11852231
  • TypeContingent
  • CountyMC HENRY
  • CityCary
  • AreaCary - Oakwood Hills - Trout Valley
  • Zip60013
  • StyleMulti-Family
  • Year Built2023
  • Taxes$ 9999999
  • Price$ 5,000,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.79 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property 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 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.

Price History
8/5/2023 Listed $5,000,000
9/26/2023 100% - $0

General Features

Additional Parcels Y/N No
City Cary
Construction Materials Brick, Wood Frame
Contingency Other Contingency
Cooling Central Individual
County Mc Henry
Current Use Multi-Family
Days on Market 96
Directions Northwest Hwy (14) to Cary Algonquin Rd South. Turn right on Haper Ave and left on Haber Rd. Property is on the left
Electric Separate Meters
Electric Expense 999999
Fuel Expense 999999
Gross Income 99999999
Insurance Expense 999999
MLS Area Cary / Oakwood Hills / Trout Valley
Maintenanceexpense 999999
Net Operating Income 9999999
Operating Expense 9999999
Possible Use Multi-Family, Single Family
Property Type Commercial Sale
Property Type Multi Family 5+
Standard Status Active Under Contract
Status Contingent
Stories 2
Street Name Haber
Tax Annual Amount 9999999
Tax Year 2022
Tenant Pays Electricity, Heat, Scavenger, Sewer
Total Units 24
Trash Expense 999999
Utilities Sanitary Sewer, Water to Site
Water Sewer Expense 999999
Year Built 2023
Zoning MULTI

Interior Features

Street Suffix Road

Exterior Features

Exterior Aluminum Siding, Brick
Lot Dimensions 654X214
Lot Size Acres 2.79
Total Parking 43


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60013

AVG $490K
AVG $441,214
AVG 189
Data Provided by Inside Real Estate®
Year Built
AVG 1978
AVG 21
Data Provided by Walkscore® not using MLS data