Callie Miller
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Incredible opportunity in a prime McHenry location with outstanding versatility and investment potential! Whether you're searching for a primary residence, an income-producing investment property, or a future redevelopment opportunity, 3320 Bull Valley Road offers a unique combination of location, flexibility, and potential. Situated on 1.78 acres with frontage along both Bull Valley Road and Charles Miller Parkway, this property provides excellent visibility and accessibility. For investors and developers, the property was previously pre-approved by the City of McHenry in 2020 for a proposed 24-unit multifamily development featuring two-bedroom apartments. This presents an exciting opportunity for those looking to explore residential redevelopment in a desirable McHenry location. Buyers are encouraged to verify the current status of development approvals directly with the City of McHenry. Not ready to develop? The existing home offers an estimated rental potential of $2,300 per month, providing an opportunity to generate income while exploring future development plans. For buyers seeking a primary residence, the home features 3 bedrooms, 1 full bathroom, and numerous recent improvements, including brand-new carpeting, fresh interior paint, updated appliances, a new water heater, and an updated bathroom. These improvements make the home an attractive option for buyers looking for a move-in-ready property with additional long-term potential. As an added opportunity, the seller owns a construction company and is offering to install brand-new windows and siding for an additional $25,000, allowing buyers to further enhance the property's curb appeal and value. Live in it, rent it out, or develop it! With nearly two acres of land, a highly visible location, recent interior improvements, and potential for future multifamily development, 3320 Bull Valley Road offers an exceptional opportunity for homeowners, investors, and developers alike. Bring your vision and explore the possibilities!
Property Highlights
Property Type: Residential - Single Family
Total Living Area SF: 1,045
Lot Size: 1.78 acres
Built in 1928
School District: District 156
Wooded Lot
General Information
Bedrooms: 3
Bathrooms: 1
Sqft: 1,045
County: McHenry
Listed By:
HomeSmart Connect LLC
847-495-5000
MRED MLS
MLS ID: 12785995
Room Information
Bedroom 2: 11X13
Bedroom 3: 11X11
Kitchen: 11X17
Living Room: 11X19
Primary Bedroom: 11X14
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3320 Bull Valley Road , McHenry, IL 60050.
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563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $300,000 | $300,000 | $300,000 |
| Down Payment | $60,000 | $10,500 | $75,000 |
| Monthly Mortgage Amount | $1,577 | $1,935 | $1,945 |
| Taxes | $418 | $418 | $418 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $132 | $0 |
| Monthly Estimated Total | $2,095 | $2,585 | $2,463 |
Callie Miller
REALTOR®
Cell: (563) 676-9109
Licensed in Iowa
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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