Seven-Cottage Apartment
For Sale
Under Contract
$900,000
320-380 Highland Avenue, Algonquin, IL 60102
Commercial Sale, Algonquin, IL
Property SizeContact for details
Lot Size1.40 Acres
Days on Market300
Property Features for 320-380 Highland Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
10
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 8, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 10, Bedroom 4, Bedroom 9, Bathroom 5, Bedroom 1, Bathroom 3, Bathroom 6, Bathroom 7, Bathroom 4
Directions
Rt 31 south to Algonquin Rd(RT 62) east(left turn) over the Fox River to Highland Ave, north (left turn) to 320 address.
Subdivision
Algonquin
Standard status
Active Under Contract
APN
1934202009
Lot size
1.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16841
Utilities
Utilities
Cable Available
Water source
Well
Building Details
Year built
1930
Floors in Building
1
Number of units
7
Building materials
Wood, Asbestos
Roof type
Composition
Listing Agency:
Kale Realty
(312) 939-5253
Listed By:
Marie Levin · License #475128218
(847) 541-4500
Added: Nov 11, 2025
Changed: Sep 5
Last Checked: Sep 7 at 9:06AM
MLS# 12515418
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property comprises seven individual cottages on Highland Avenue in Algonquin. The improvements date to 1930 and feature wood and asbestos construction, composition roofing, well water, and cable availability. The property includes multiple bedrooms and bathrooms across the cottage arrangement.
The site occupies a wooded setting with views toward the Fox River and is located minutes from the river and Historic Downtown Algonquin. MULTI zoning supports its apartment-building classification. The property is identified by the address 320-380 Highland Avenue, Algonquin, IL 60102.
The site occupies a wooded setting with views toward the Fox River and is located minutes from the river and Historic Downtown Algonquin. MULTI zoning supports its apartment-building classification. The property is identified by the address 320-380 Highland Avenue, Algonquin, IL 60102.
Key Highlights
- Seven individual cottages on one multifamily property
- 1.4‑acre wooded site in Algonquin
- Fox River views and proximity to Historic Downtown Algonquin
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Explore this area
Business Placement
Demographics for 60102, IL
31,959
Population
12,076
Households
2.6
Avg Household Size
42
Median Age
43%
College-Educated
95%
High-School Grad
15.8 sq mi
ZIP Area
2,023
Density / Sq Mi
$128,070
Median Household Income
$59,484
Median Earnings
$1,826
Median Rent
$320,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Wooded multifamily setting with Fox River views and MULTI zoning.
Where is this apartment building located?
The property is located at 320-380 Highland Avenue Algonquin, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Seven individual cottages on one multifamily property; 1.4‑acre wooded site in Algonquin; Fox River views and proximity to Historic Downtown Algonquin
