Riverfront Property With House, 7 Cottages For Sale

ALGONQUIN, IL — A 3.98-acre property along the Fox River in Algonquin is selling for $1.35 million and comes with a main home and seven cottages. The "investor property" is made up of three parcels that could be divided and sold, according to realtor.com.

The cottages currently generate $5,600 per month in income for the owner, according to the realtor.com. Our partners at realtor.com have more on the property below:

• Address: Algonquin, Illinois
• Price: $1,350,000
• Square Feet: 3800
• Bedrooms: 4
• Bathrooms: 4 Full and 1 Half Baths
• Built: 1965
• Features: Wanted: Builders! Investors! Live almost free on the beautiful Fox River in this unique riverfront home while your tenants pay your expenses. There are three parcels in this sale which can be divided and sold. The main home, the river frontage, and 7 income producing cottages. The possibilities are endless, sell a parcel for development, expand the cottages, or enjoy your home as is. The cottages are currently generating approximately $5,600 per month. Main residence is a custom built A frame style home with a wall of windows to enjoy picturesque views of the four seasons over 180 feet of Fox River frontage. Open floor concept with volume cedar ceiling invites entertaining on your serene 3.98 acre retreat. Adjoining the main residence is a two room art studio which can be utilized for various functions. Enjoy fine dining, shopping, coffee shops, etc. in downtown Algonquin just minutes away, as are bike trails, parks and entertainment. Also enjoy weekly summer concerts from the privacy of your own pier or take a boat ride thru the locks and enter the chain of lakes for a day of boating. Cottage income and expense sheet available.

This listing originally appeared on realtor.com. For more information and photos, click here.