Sign Up Successful!
You now have access to more from Realmo!
    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

    922 Tappan St Woodstock, IL 60098

    Sponsored
    For Sale
    Under Contract
    $309,000

    MULTI_FAMILY - Woodstock, IL

    Lot size:
    0.17 Acres
    Days on Market:
    8
    Last Refresh:
    Feb 4 at 6:06 pm

    Property Features for 922 Tappan St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bathroom 2, Basement, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 5
    Bedrooms
    6
    Bathrooms
    2
    APN
    1305131003
    Parking
    10
    Parking features
    Driveway, Garage
    Patio and Porch features
    Porch
    Basement
    Full, Exterior Entry
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1912
    Building materials
    Vinyl Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Debby Krol-Sullivan

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2411

    Listing agent Debby Krol-Sullivan (815) 347-4135

    Listing date Jan 28, 2026

    MLS# 12542345 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.

    Learn more

    Property Insight Report

    Overview

    Woodstock Multifamily Investment Opportunity

    This two-unit building is located in Woodstock, Illinois, a few blocks from the historic Woodstock Square and minutes from shopping, dining, and the Metra station. Each unit features 3 bedrooms. The property, situated on a 0.17-acre lot, is currently occupied by long-term tenants, providing rental income.
    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 Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodstock
    County
    McHenry
    State
    Illinois
    Longitude
    -88.447542
    Latitude
    42.324525

    Nearby Similar for Sale

    • $895,000
      2.99 Acres

      Woodstock Mixed-Use Facility For Sale

      40,000 sq. ft. multi-layer facility on 3 acres.
      890 Lake Ave, Woodstock, IL 60098
      View Details
    • $199,900

      Woodstock Two-Unit Property

      Two-unit property in Woodstock near downtown and train.
      919 Clay St, Woodstock, IL 60098
      View Details
    • $279,000
      1,334 SF

      Income Property Near Woodstock Square

      Well-maintained duplex near Woodstock Square with long-term tenants.
      726 S Jefferson St, Woodstock, IL 60098
      View Details
    • $1,800,000
      1.59 Acres

      Woodstock Commercial Property on Route 47

      Light-filled showroom with offices, warehouse, and ample parking.
      1345 S Eastwood Dr, Woodstock, IL 60098
      View Details
    • New
      $279,000

      Woodstock Multifamily Investment Opportunity

      Charming 2-unit property near Woodstock Square with long-term tenants.
      118 W Donovan Ave, Woodstock, IL 60098
      View Details
    • New
      Contact for pricing
      600 SF

      Woodstock Garage Space Available

      Three-car garage in Woodstock, IL, ideal for storage or projects.
      1010 Kimball Ave, Woodstock, IL 60098
      View Details
    • $599,000
      0.29 Acres

      Downtown Woodstock Commercial Property

      Commercial property in the heart of downtown Woodstock, Illinois.
      110 S Johnson St, Woodstock, IL 60098
      View Details
    • $440,000
      1,882 SF

      Golf Course View Ashton Model

      Desirable home with finished walkout basement and golf course views.
      2017 Mallard Ln, Woodstock, IL 60098
      View Details
    • $350,000
      1,580 SF

      Accessible 55+ Living Home

      Thoughtfully designed home for comfortable, convenient, and accessible 55+ living.
      841 Serene Trl, Woodstock, IL 60098
      View Details
    • $465,000
      1,880 SF

      Golf Course View Home

      Ashton model home backing to Bull Valley Golf Course.
      3000 Harrow Gate Dr, Woodstock, IL 60098
      View Details
    • $3,955,230
      73,245 SF

      Woodstock Industrial Building with Rail

      73,245 SF industrial building with rail access in Woodstock.
      1150 Mcconnell Rd, Woodstock, IL 60098
      View Details
    • $329,000
      3,430 SF

      Downtown Woodstock Leased Investment Property

      Four-unit, fully leased investment property in downtown Woodstock.
      234-239 Main St, Woodstock, IL 60014
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit property near Woodstock Square, ideal for commuters and renters.
    Where is this duplex located?
    The property is located at 922 Tappan St Woodstock, IL.
    What is the asking price?
    The asking price for this property is $309,000.
    What are key features of this property?
    This property features: - Immediate and reliable rental income from long-term tenants.; - Prime location in the heart of Woodstock, blocks from the historic Woodstock Square.; - Convenient access to shopping, dining, and the Metra station for commuters.
    (815) 553-2411
    Request Owner's contact information
    922 Tappan St Woodstock, IL 60098
    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.
    922 Tappan St
    Woodstock, IL 60098
    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
    922 Tappan St Woodstock, IL 60098
    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
    Debby Krol-Sullivan
    (815) 553-2411
    Learn more
    Google sign-in failed. Please try again or use another login method.