Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Duplex with Income Potential Title is generated by Realmo AI

    221-223 Ellen Street, Sycamore, IL 60178

    View on Map
    Claim this Listing
    New
    For Sale
    Under Contract
    $249,900

    MULTI_FAMILY - Ranch - Sycamore, IL

    Type:Single Family Residence
    Lot size:
    0.28 Acres
    Added:
    May 9, 2026
    Days on Market:
    4
    Last Refresh:
    May 12 at 4:06 pm

    Property Features for 221-223 Ellen Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Zoning
    MULTI
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Basement
    Parking
    2
    Parking features
    Garage, Owned, Open, Driveway
    Basement
    Unfinished, Finished, Partial
    Standard status
    Active Under Contract
    APN
    0632127035
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5979

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Kelly O'Connell-Guzak
    Kelly O'Connell-Guzak

    Listing agent Kelly O'Connell-Guzak

    Listing office Home Sweet Home Ryan Realty 101 S Hough St, #6C, Inverness, IL

    Listing date May 9, 2026

    MLS# 12642146 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income potential as a duplex with a tenant already in place in one unit.
    • Backs to a peaceful greenbelt connected to the Kishwaukee River system.
    • Unit 2 (223) is fully updated with 3 bedrooms, 1.5 baths, stainless steel appliances, and a partially finished lower level.
    • Modern updates in both units, including newer windows, furnace, and updated bathrooms.
    • Each unit has an attached 1‑car garage and dedicated laundry.
    • Convenient location minutes from local schools, parks, and downtown Sycamore's shops and dining.

    Overview

    Located in Sycamore, Illinois, the property at 221-223 Ellen Street is a duplex with updates, space, and income potential. The property backs to a greenbelt connected to the Kishwaukee River system. Unit 1 (221) has 2 bedrooms, 1 bath, and 826 sq ft of living space, plus approximately 200 sq ft in the basement for laundry and storage. The bathroom was updated in 2020, and newer windows were installed in 2021. It features a furnace installed in 2020, a spacious entry with mudroom potential, and a bonus room with access from the brick paver patio and attached 1-car garage. Two window AC units are included. Unit 2 (223) is fully updated and offers 3 bedrooms (2 up, 1 down), 1.5 baths, and 969 finished sq ft above grade, plus a partially finished 979 sq ft lower level. It includes central AC and forced heat. The open kitchen features stainless steel appliances, and the lower level includes a large third bedroom and additional living area. A laundry/mud room with a newer washer/dryer leads to a small deck overlooking the yard. It also has an attached 1-car garage and ample closet space. Built at different times, one unit was constructed in the 1900s, and the other in 1978, later attached. Situated minutes from local schools, parks, and downtown Sycamore's shops and dining, this property is suited for owner-occupants or investors. The lot size is 0.28 acres. There is currently a tenant in #223 who wishes to stay.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sycamore
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.693194
    Latitude
    41.991547

    Nearby Similar for Sale

    • $349,900

      Downtown Sycamore Commercial Building

      3736 SF commercial building in downtown Sycamore for sale.
      325 W Elm Street, Sycamore, IL 60178
      View Details
    • $525,000
      25,500 SF

      Sycamore Commercial Building For Sale

      Renovated commercial building in downtown Sycamore with multiple possibilities.
      425 W State Street, Sycamore, IL 60178
      View Details
    • $535,000
      7,503 SF

      Versatile Commercial Property with Residence

      Multi-building commercial property in Sycamore, IL, with income potential.
      1126 E State Street, Sycamore, IL 60178
      View Details
    • $400,000

      Sycamore Multifamily Investment Opportunity

      Two homes on one lot, ideal for investors.
      405 W High Street, Sycamore, IL 60178
      View Details
    • $210,000

      Sycamore Multifamily Property Near Downtown

      Two-unit property near downtown Sycamore with income potential.
      465 E State Street, Sycamore, IL 60178
      View Details
    • $2,150,000

      Sycamore Commercial Property on 7 Acres

      Versatile commercial property with residence, banquet hall, and chapel.
      15165 Quigley Road, Sycamore, IL 60178
      View Details
    • $183,000

      Free Standing Commercial Building

      Commercial building in Sycamore, IL, with parking and storage.
      220 E State Street, Sycamore, IL 60178
      View Details
    • $1,150,000

      Commercial Property in Sycamore, IL

      Commercial property for sale in Sycamore, Illinois.
      134 W State Street, Sycamore, IL 60178
      View Details
    • $249,900

      Well-Maintained Sycamore Multi-Family Property

      Versatile 2-unit property with income potential and room to expand.
      732 Park Avenue, Sycamore, IL 60178
      View Details
    • $595,000
      25,500 SF

      Renovated Downtown Sycamore Event Venue

      Completely renovated 25,500 SF building in downtown Sycamore.
      425 W State Street Sycamore, IL 60178
      View Details
    • $349,900
      3,736 SF

      Downtown Sycamore Commercial Building

      3736 SF commercial building in downtown Sycamore for sale.
      325 W Elm St, Sycamore, IL 60178
      View Details
    • $1,150,000

      Historic Mixed-Use Building in Sycamore

      Fully leased mixed-use historic building in downtown Sycamore.
      134 W State Street, Sycamore, IL 60178
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated duplex near downtown Sycamore with modern amenities and serene setting.
    Where is this duplex located?
    The property is located at 221-223 Ellen Street Sycamore, IL.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: Income potential as a duplex with a tenant already in place in one unit.; Backs to a peaceful greenbelt connected to the Kishwaukee River system.; **Unit 2 (223) is fully updated with 3 bedrooms, 1.5 baths, stainless steel appliances, and a partially finished lower level.**
    (630) 707-2754
    We can help!
    Listing Contact
    Kelly O'Connell-Guzak
    Kelly O'Connell-Guzak
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    221-223 Ellen Street, Sycamore, IL 60178
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!