Land with Home for Sale in McHenry, Illinois

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!