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$875,000
Est. payment /mo
3,600 SqFt
UPDATED:
11/03/2024 07:05 PM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $243
MLS Listing ID 12187349
Year Built 1865
Annual Tax Amount $15,512
Tax Year 2023
Lot Size 5,662 Sqft
Lot Dimensions 85X65
Property Description
Cary Street Apartments, a fully occupied, seven-unit multifamily property in the heart of Cary, Illinois. The building features a mix of two studios and five one-bedroom units, with several recently updated, modernized apartments. With full occupancy, this well-maintained property ensures stable cash flow for investors, while offering additional income potential from an unfinished 408 sq. ft. basement that can be converted into storage or office space. Located just 200 feet from the Metra station, tenants enjoy easy access to downtown Cary and major transportation routes. The property also offers on-site laundry, private parking, and balconies in select units. With tenant-paid utilities such as water and electric, this is a prime investment opportunity for those seeking a reliable, income-generating asset in a highly accessible location. Capital Improvements:Capital Improvements: 2022 full renovation Unit 104, 2022 full renovation Unit 111, 2023 full renovation unit 109C, 2023 full renovation unit 109 B, 2024 full renovation unit 109 D, 2022 new boiler, 2022 new water heater, 2024 new roof, 2024 new gutters, 2024 sealcoating, 2024 re-striped parking lot.
Location
State IL
County Mchenry
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace Y
Exterior
Utilities Available Sanitary Sewer, Water-Municipal, Water to Site, Cable Available
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Other
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Paul Proano • Coldwell Banker Commercial NRT
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