Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$695,000

For Sale - Active
723 N River Rd, Algonquin, IL 60102
3 Beds
3 Baths
2,135 Square Feet
0.00 Acres Lot
Built in 1992
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Jul 20, 2025 at 05:34AM

Investment Summary


Monthly Cash Flow
-$2,050
Cap Rate
2.1%
Cash-on-Cash Return
-15.4%
Debt Coverage Ratio
0.38
Internal Rate of Return (5 years)
-10.9%

Property Description


0.00 Acres Lot
Built in 1992
For Sale - Active
Units n/a

Riverfront Log-style Retreat on the Fox River...Welcome to your dream getaway! Nestled in a picturesque setting along the Fox River, this charming log cabin-style home offers 80 feet of private river frontage complete with two piers, perfect for boating, fishing, or simply enjoying the serene water views. Whether you're an avid water enthusiast or simply looking for a peaceful retreat, the property delivers year-round enjoyment including boating, jet skiing, fishing, kayaking, swimming, snow mobiling and more. The 3-bedroom, 2.1-bathroom home sits on nearly an acre with mature trees, providing a perfect balance of natural beauty and outdoor living. The expansive wraparound deck is ideal for morning coffee, al fresco dining, or taking in the breathtaking river vistas...you will appreciate the quiet of the no-wake-zone location too. Inside, you'll find rustic charm blended with modern comfort, featuring a vaulted, beamed ceiling and an open-concept layout designed for effortless everyday living and entertaining. Gather around the stone fireplace in cooler months or entertain guests on the spacious wraparound deck in the Spring, Summer & Fall. The kitchen is a chef's delight, boasting stone countertops, stainless steel appliances, a beverage fridge, and a large center island with breakfast bar-perfect for casual meals or entertaining. The main level primary suite offers comfort and convenience, along with a main floor laundry room. Upstairs, two additional bedrooms with vaulted ceilings, a full bathroom, and a cozy loft space provide ample room for guests or family. The finished lower level includes a recreation room or WFH space, a large storage/mechanical area and a 2-car garage, ensuring you have space for all your needs. Built with quality craftsmanship, this home features cedar log siding and interior, providing striking rustic character and a cozy atmosphere that makes log homes so inviting. Outside, the property features a generous yard and a 30 x 50 detached garage/pole barn with an insulated work shop-ideal for hobbies, workshop space, or boat and equipment storage. Located just minutes from downtown Algonquin's shops, restaurants, and small-town charm, and with easy boat access to Port Edwards, The Broken Oar, Kief's Reef, and the Chain of Lakes, this is more than just a home-it's a lifestyle. Bring your boat and embrace the river life today!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Details: Asphalt, Garage Door Opener, Heated Garage, On Site, Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • Basement: Yes
  • Basement Description: Partially Finished, Partial
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1927476040
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1992

Tax Information

  • Annual Tax: $10,802

Utilities

  • Water & Sewer: Well
  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Mc Henry

Listing Details


Listed by:
John Morrison
@properties Christie's International Real Estate
(847) 409-0297

Source:
Midwest Real Estate Data (MRED)
MLS#: 12419983
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$2,050
Cap Rate
2.1%
Cash-on-Cash Return
-15.4%
Debt Coverage Ratio
0.38
Internal Rate of Return (5 years)
-10.9%

Purchase Details

Find an Agent

Purchase price:
$695,000
Amount financed:
-$556,000
Down payment:
$139,000
Closing costs:
$20,850
Rehab costs:
$0
Initial cash invested:
$159,850
Square feet:
2,135
Cost per square foot:
$326
Monthly rent per square foot:
$1.45

Financing Details

Find a Lender

Loan amount:
$556,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,289
Property tax:
$900
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,406

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (29%)
29%-$900-$10,802
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (54%)
54%-$1,675-$20,102

Cash Flow


Monthly Yearly
Net operating income:
$1,239 $14,868
Mortgage payments:
-$3,289 -$39,468
Cash flow:
$2,050 $24,600