Under Contract

401 Haber Road

Cary IL, 60013


Under Contract


Built in 2023

Courtesy of Coldwell Banker Commercial NRT

Property is now going to Auction! Now being offered is the newly constructed 55 and older Haber Luxury Apartment Building in Cary, IL which sits on a total of 2.83 acres. This twenty-four (24) unit apartment complex has a unit mix of fourteen (14) 1Bd-1Bath units that range from 595 SF to 706 SF, six (6) 2Bd-2Bath units & four (4) 2Bd-1Bath units that range from 847 SF to 1098 SF. All units feature an in-home washer and dryer, private balcony or patio, white shaker style cabinetry, wood vinyl plank flooring, framed bathroom mirrors, quartz countertops, nest smart thermostat & smart locks. Also offered to tenants are shared areas, offering a kitchenette and game room/social area for tenants. Tenants will pay for all utilities except for garbage. An investor can add value by building fifteen (15) covered garages which a tenant can use for extra parking or storage and could potentially bring in an additional $30,000 per year. Add Value Component: In addition to the apartment building, the remaining property around the perimeter of the building consists of a 79,753 square foot or 1.83-acre site that an investor could improve by developing seven (7) two family townhome buildings totaling fourteen (14) units ranging from approximately 1,900SF to 2,100SF. The buildings which the seller has drawn plans for could consist of two (2) 1-story, masonry, and frame-constructed structures and five (5) 2-story, masonry and frame-constructed structures that will contain a gross building area of 24,390 square feet. Two (2) buildings will contain four (4) 1-bedroom 1.1 bath units, with finished lower levels containing two (2) bedrooms and a full bath. Two buildings will contain two (2) 3-bedroom 2.1 bath units, which will have all 3 bedrooms on the second floor. The last 3 buildings will have two (2) 3 bedroom and 2.1 bath units, with a master bedroom and bath on the ground floor and two bedrooms, a loft area, and a full bath on the second floor. All the fourteen (14) units will have a living room, kitchen, dining area, in unit laundry and an attached 2 car garage and the two townhomes to the far south of the property will be the only units that will offer a basement. The resale value for each individual unit is $385,000-$400,000.



August 4, 2023


November 7, 2023



401 Haber Road
Cary IL, 60013

Interior Features

Total Stories






Cooling Description

Central Individual



Exterior/Building Features

Lot Size

2.79 acres

Other Property Details

Area Name

Cary / Oakwood Hills / Trout Valley



Tax Frequency


Days on Market






Parking Total





Mc Henry





Listing History





Under Contract

Courtesy of Coldwell Banker Commercial NRT, Paul Proano,
Listing Contact:  

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Based on information submitted to the  MLS GRID for MRED 11/7/2023. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2023 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 6:02 PM UTC, 11/7/2023



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