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1401 N Riverside Dr
McHenry, IL 60050
Town Club & Apartments · Multifamily Property For Sale
·
8,700 SF
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.40 AC |
| Property Type | Multifamily | Building Size | 8,700 SF |
| Property Subtype | No. Stories | 2 | |
| Apartment Style | Low-Rise | Year Built | 1840 |
| Building Class | C | ||
| Zoning | C-4 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 8,700 SF |
| No. Stories | 2 |
| Year Built | 1840 |
| Zoning | C-4 |
ABOUT 1401 N RIVERSIDE DR , MCHENRY, IL 60050
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. Located in Historic Downtown McHenry, IL the property is situated a block west of the Fox River and in the heart of the downtown area. Just east of the major intersection of Route 120 & Route 31 connecting a majority of the major northwest IL communities, the property sits on the hard corner of Pearl & Riverside Drive, just east of Veteran's Memorial Park. McHenry is a community approximately 55 Miles northwest of Chicago's Loop in the far northwest suburbs, close to the border of Illinois & Wisconsin.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
PROPERTY TAXES
| Parcel Number | 09-26-431-011 | Improvements Assessment | $148,035 |
| Land Assessment | $77,563 | Total Assessment | $225,598 |
PROPERTY TAXES
