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109 Cary St Cary, IL 60013

Sponsored
For Sale
$850,000

Seven-unit Cary apartment building, high occupancy.

Property size:
3,600 SF

Description

Added:
Feb 3, 2025
Days on Market:
337
This exceptional seven-unit multifamily property, located at 109 Cary Street in the heart of Cary, Illinois, presents a compelling investment opportunity. Boasting a total of 3,600 square feet on a 0.13-acre lot, the building comprises two studio apartments and five one-bedroom units. Several units have undergone recent, comprehensive renovations, enhancing their appeal and market value. Specifically, Unit 104 and Unit 111 were fully renovated in 2022, while Units 109C and 109B received full renovations in 2023. Further improvements include a full renovation of Unit 109D in 2024. The property benefits from full occupancy, ensuring a stable and predictable cash flow for the investor. Significant capital improvements completed in recent years include a new boiler and water heater (2022), a new roof and gutters (2024), sealcoating, and a restriped parking lot (2024). Adding to its appeal, the property features on-site laundry facilities and private parking. Select units also offer private balconies. Tenant-paid utilities (water and electric) further enhance the property's profitability. The property's prime location, just 200 feet from the Metra station, provides tenants with convenient access to downtown Cary and major transportation routes. An unfinished 408 square foot basement offers additional income potential through conversion into storage or office space. This well-maintained property represents a rare opportunity to acquire a reliable, income-generating asset in a highly desirable location. Priced at $850,000.

Property Features for 109 Cary St

General Information

Property type
Other commercial real estate
Square Feet
3,600 SF
Lot Size
5,663 SF

Building Details

Year Built
1865

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Cary
County
McHenry
State
Illinois
Longitude
-88.24152
Latitude
42.20761

FAQs

What type of property is this?
Commercial real estate - Seven-unit Cary apartment building, high occupancy.
Where is this commercial real estate located?
The property is located at 109 Cary St Cary, IL.
What is the asking price?
The asking price for this property is $850,000.
More about this property
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