Seller's Agent in 2023
Tim Billimack
Blue Chip Commercial Real Estate
(847) 854-4369
34 Total Sales
602 S Main St Algonquin, IL 60102
Estimated Value: $316,000
1.87
Acres
$168,984
Price per Acre
81,457
Sq Ft Lot
About This Lot
As of December 2023Prime Multi-Family Development Opportunity in Algonquin's Central Business District (Old Town Zoning District). Situated at the SWC of Route 31 Bypass & Main Street, the subject parcel consists of 1.87 acres with 600' of frontage along the bypass. Zoned O-T (Old Town) with all utilities to site. Village support for multi-family market rate apartments, townhomes, condominiums, assisted living, senior housing. Village is desirous of having higher density residential to support restaurant & retailers in the historic central business district. Previous development plans inlcuded 60 units of condominiums with preliminary approval from the Village. Surrounding acreage owned by the Village and may be available contingent on proposed development plans.
Last Agent to Sell the Property
Blue Chip Commercial Real Estate License #471000637 Listed on: 06/26/2023
Last Buyer's Agent
Robert Byrgiel
CENTURY 21 New Heritage West License #475206842
Property Details
Property Type
- Land
Est. Annual Taxes
- $13,911
Lot Details
- 1.87 Acre Lot
- Lot Dimensions are 596.9x170
Utilities
- Electricity To Lot Line
- Gas Available
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/18/2023 12/18/23 | Sold | $300,000 | -23.1% | -- |
| 09/01/2023 09/01/23 | Pending | -- | -- | -- |
| 06/26/2023 06/26/23 | For Sale | $390,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,982 | $114,820 | $114,820 | -- |
| 2023 | $8,597 | $102,692 | $102,692 | -- |
| 2022 | $13,911 | $162,211 | $162,211 | $0 |
| 2021 | $13,409 | $151,119 | $151,119 | $0 |
| 2020 | $13,089 | $145,769 | $145,769 | $0 |
| 2019 | $12,811 | $139,519 | $139,519 | $0 |
| 2018 | $12,285 | $128,886 | $128,886 | $0 |
| 2017 | $12,091 | $121,419 | $121,419 | $0 |
| 2016 | $11,975 | $113,880 | $113,880 | $0 |
| 2013 | -- | $106,235 | $106,235 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Billimack
-
R
Buyer's Agent in 2023
Robert Byrgiel
CENTURY 21 New Heritage West
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11817307
APN: 19-33-227-032
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