Prime Riverfront Investment Opportunity in Algonquin, Illinois. Welcome to a rare gem along the tranquil Fox River - a pristine just over six acre parcel of buildable land with potentially eight piers capable of accommodating 16 boats. This unique property is comprised of six parcels, offering the flexibility to be subdivided into 25 buildable lots, making it an ideal investment for developers. Seconds away from the heart of downtown Algonquin, Route 62 and Main Street. Enjoy the charm of quaint shops, delectable eateries, and vibrant gathering spots. The nearby developments ensure all necessary utilities are within reach, easily accessible from nearby subdivisions. The booming TIF district is in full swing, so why not seize the opportunity to be a major player. This property presents itself as a prime investment opportunity. The savvy developer can make a significant impact. The strategic location and potential for subdivision add layers of value, making it an attractive prospect for those looking to make a mark in Algonquin's growing real estate scene. Adjacent to the property is the expansive 18-acre Presidential Park, offering three baseball diamonds, soccer and football fields, and a 7/10-mile walking path with exercise stations. This adds not only recreational value but also enhances the overall appeal of the location. Don't miss the chance to be part of Algonquin's growth story. Come on by and explore the endless possibilities that this property presents. Whether you're envisioning a waterfront community or an exclusive development. This is your canvas to create something extraordinary. The parcel #'s are: 19-26-329-029 19-26-377-012 19-26-328-007 19-29-328-003 19-26-328-008 19-26-328-006.
Property Details
Property Features
Listing Office:
Office Name: Berkshire Hathaway HomeServices Chicago
Office Phone: (847) 510-5000
Listing Agent: Peter Lipsey
Other
Directions Information:
Directions: Algonquin to River to Starr.
Price Information
Listing Price Info
Price Summary:
List Price: $2,500,000
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Housing Market Comparison
See how this home compares to others in Algonquin, IL.
This property is $2.1M more than the Median Sold Price in Algonquin, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MRED
MLS Number: #11971236
Listing Office:
Office Name: Berkshire Hathaway HomeServices Chicago
Office Phone: (847) 510-5000
Listing Agent: Peter Lipsey
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Eastview Elementary School
540 Longwood Dr
Distance between this listing and this school1.27 miles
Public District Grades KG-5
6
/10
Algonquin Lakes Elementary School
1401 Compton Dr
Distance between this listing and this school1.63 miles
Public District Grades KG-5
9
/10
Neubert Elementary School
1100 Huntington Dr
Distance between this listing and this school2.07 miles
Public District Grades KG-5
Nearby Schools
5
/10
Algonquin Middle School
520 Longwood Dr
Distance between this listing and this school1.20 miles
Public District Grades 6-8
5
/10
Westfield Community School
2100 Sleepy Hollow Rd
Distance between this listing and this school3.32 miles
Public District Grades KG-8
4
/10
Fox River Grove Middle School
401 Orchard St
Distance between this listing and this school3.36 miles
Public District Grades 5-8
Nearby Schools
5
/10
Dundee-Crown High School
1500 Kings Rd
Distance between this listing and this school2.68 miles
Public District Grades 9-12
8
/10
Cary-Grove Community High School
2208 3 Oaks Rd
Distance between this listing and this school3.67 miles
Public District Grades 9-12
8
/10
Harry D Jacobs High School
2601 Bunker Hill Dr
Distance between this listing and this school3.69 miles
The neighbors living near this home have an average income of $76,823. Typical income of Algonquin, IL residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About Lot1-6 Starr
What is the listing price of this property?
The listing price of Lot1-6 Starr property is $2,500,000.
What type of property is this?
The property Lot1-6 Starr is land located in Algonquin, Illinois, 60102.
Is this property for sale now?
Active Listing: Lot1-6 Starr is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at Lot1-6 Starr in Algonquin, IL and zip code 60102 in the Korineks neighborhood. It has been listed on Rocket Homes since February 27, 2024 and is currently priced at $2,500,000.
While more than 12 listings in Algonquin, IL in October 2024 were sold above asking price, there were more than 10 listings sold at asking price, and more than 17 were sold below. Between September 2024 and October 2024, Algonquin, IL real estate market has seen increase in the number of listings by 22.8%. The median list price of listings available in October 2024 was $383,875, while the average time on the real estate market was 19 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved. 
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