SQUARE FEET5,991
MLS#12737348
STATUSNew
PROPERTY TYPEMulti Unit - Retail
Property Description
23 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.
Property Features
Property Type: Multi Unit - Retail
Cooling: None
Lot Size: 0.22 Acres
Stories: 2.0
Taxes: $17,597
Year Built: 1895
Feature Descriptions
Current Use: Multi-Family
Exterior: Brick, Wood, Cedar
Fire Protection: Fire Extinguisher/s
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Radiant
Location: Central Business District, TIF Zone
Lot Dimensions: 90 X 24 X 149 X 166
Miscellaneous Indoor: Furnished Units Available
Parcel#: 0926355002
Parking: 1-5 Spaces
Potential Use: Commercial, Condominium, Multi-Family, Retail, Single Room Occupancy
Tenant Pays: None
Units: 23
Utilities: Sewer Connected
Listed By / Shown By
Listed By
Agency Name: Premier Commercial Realty
Agency Phone: 847-854-2300
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
Estimate Your Payment
Estimated Payment
$ 4,071.93 per month $2,448.31 Principal & Interest $1,466.42 Property Tax $157.21 Homeowner's Insurance
3937 & 3939 Main Street | MLS# 12737348
This multi-family property located at 3937 & 3939 Main Street , McHenry, IL 60050 is currently listed for sale with an asking price of $539,000. Search Mchenry real estate on www.gogambino.com today.