New Listing23 single residence occupancy units in 2 story vintage downtown McHenry building with 20 units leased (87% occupancy). Units rented week to week or month to month. Laundry room. Separate 400 sf leasing/management office could be converted to apartment, store or office. Close to commuter train and downtown restaurants. Potential for redevelopment or creative re-use. City in process of establishing TIF district and plans area capital improvements. Priced below local Assessor valuation. Management in place. Ask for rent roll and operating statement. 11.3% actual cap rate.
| MLS # | 12737348 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1895 |
| Days On Site | 4 |
| Listing Provided By | Premier Commercial Realty | Bruce Kaplan |
| SQ Feet | 5,991 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 23 |
| Zoning | COMMR |
| Acreage | 0.22 |
| Cooling | None |
|---|---|
| Fireplaces Total | 0 |
| Foundation Details | Concrete Perimeter |
|---|---|
| Construction Materials | Brick, Wood, Cedar |
| Utilities | Sewer Connected |
|---|
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 17597 |
| State | IL |
|---|---|
| County | McHenry |
| City | McHenry |
| Zip Code | 60050 |
| Area | Holiday Hills | Johnsburg | McHenry | Lakemoor | McCullom Lake | |
| Listing VS Median (in 60050) | |
Price: $539,000 low | high Med: $349,000 sqft: 5,991 low | high Med: 1,906 $ / sqft: $90 low | high Med: $183 On site: 4 low | high Med: 11 | |
| State | IL |
|---|---|
| County | McHenry |
| City | McHenry |
| Zip Code | 60050 |
| Area | Holiday Hills | Johnsburg | McHenry | Lakemoor | McCullom Lake | |
| Listing VS Median (in 60050) | |
Price: $539,000 low | high Med: $349,000 sqft: 5,991 low | high Med: 1,906 $ / sqft: $90 low | high Med: $183 On site: 4 low | high Med: 11 | |