Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    326 Edward St Sycamore, IL 60178

    View on Map
    Sponsored
    For Sale
    Under Contract
    $989,000

    MULTI_FAMILY - Sycamore, IL

    Lot size:
    0.68 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 28 at 6:06 am

    Property Features for 326 Edward St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bathroom 2, Bedroom 12, Bathroom 5, Bathroom 1, Basement, Bathroom 6, Bedroom 5, Bedroom 3, Bedroom 11, Bedroom 7, Bedroom 2, Bathroom 7, Bedroom 14, Bathroom 3, Bathroom 8, Bedroom 15, Bedroom 9, Bedroom 4, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 16, Bedroom 8, Bedroom 10, Bedroom 13
    Bedrooms
    16
    Bathrooms
    8
    APN
    0632378028
    Basement
    Partially Finished
    Lot size
    0.68 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Floors in Building
    2
    Number of units
    8
    Building materials
    Vinyl Siding, Brick

    We can help!

    Listing Contact
    Sara Mitchell

    Century 21 New Heritage

    Listing agent Sara Mitchell

    Listing date Mar 26, 2026

    MLS# 12599938

    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.

    Learn more

    Property Insight Report

    Overview

    Well-Maintained Eight-Unit Apartment Building

    This well-maintained eight-unit apartment building features two-bedroom, one-bath units, each equipped with fully applianced galley kitchens, spacious living rooms with newer windows, separate HVAC systems, and in-unit washer/dryers. The full basement is divided into four additional storage units and a small office space. There are eleven garage spaces, with only four currently rented, and ten parking spaces available. Two main floor units include private decks. The roof was replaced around 2012, and the interior hallways have been recently painted. The front porch stoop and new railings are scheduled for installation in 2025. All concrete sidewalks are newer. Situated on a 0.68-acre lot, this property presents an excellent long-term investment opportunity. Rents are currently below market due to long-term tenancy, with scheduled increases to $1,000+ per unit (excluding garage income) planned by October, indicating significant room for future growth. Tenants are responsible for electric and gas, while the owner covers water, sewer, garbage pick up (from dumpsters on property), lawn care, and snow removal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sycamore
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.691788
    Latitude
    41.982471

    Nearby Similar for Sale

    • New
      $595,000
      25,500 SF

      Renovated Commercial Building, Sycamore, IL

      Completely renovated commercial building in downtown Sycamore with many possibilities.
      425 W State St, 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
    • $2,150,000
      3,200 SF

      Sycamore Commercial Property on 7 Acres

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

      Free Standing Commercial Building

      Commercial building in Sycamore, IL, with parking and storage.
      220 E State St, Sycamore, IL 60178
      View Details
    • New
      $575,000
      7,503 SF

      Versatile Commercial Investment Opportunity

      Multi-building commercial property with retail, shop, and residential spaces.
      1126 E State St, Sycamore, IL 60178
      View Details
    • $415,000

      Sycamore Multifamily Income Opportunity

      Two homes on one lot, ideal for investors or owners.
      405 W High St, Sycamore, IL 60178
      View Details
    • New
      $1,150,000
      0.15 Acres

      Commercial Property in Sycamore, IL

      Commercial property for sale in Sycamore, Illinois.
      134 W State St, Sycamore, IL 60178
      View Details
    • New
      $239,900
      0.56 Acres

      Well-Maintained Sycamore Multi-Family Property

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

      Renovated Downtown Sycamore Event Venue

      Completely renovated 25,500 SF building in downtown Sycamore.
      425 W State St, 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
    • $756,000
      7,200 SF

      2525 Bethany Rd, Sycamore, IL 60178

      Retail properties & Spaces • 7,200 SF
      2525 Bethany Rd, Sycamore, IL 60178
      View Details
    • Contact for pricing
      3,221 SF

      Renovated Restaurant and Bar for Sale

      Recently renovated restaurant/bar with FF&E included, building and business for sale.
      327 W State St, Sycamore, IL 60178
      View Details

    FAQs

    What type of property is this?
    Apartment building - Sycamore, IL: Eight units with income growth potential.
    Where is this apartment building located?
    The property is located at 326 Edward St Sycamore, IL.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: - Significant Income Growth Potential: Rents increasing to $1,000+ per unit by October.; - Fully Equipped Units: Each of the 8 units features 2 bedrooms, 1 bath, a fully applianced galley kitchen, in-unit washer/dryer, and separate HVAC systems.; - Ample Parking & Garage Spaces: Includes 11 garage spaces and 10 parking spaces, providing additional income opportunities.
    (847) 669-9555
    Request Owner's contact information
    326 Edward St Sycamore, IL 60178
    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.
    326 Edward St
    Sycamore, IL 60178
    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
    326 Edward St Sycamore, IL 60178
    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

    We can help!
    Listing Contact
    Sara Mitchell
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!