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    1011 9Th St Harvard, IL 60033

    Sponsored
    For Sale
    $925,000

    Profitable 20-Unit Multi-Family Complex

    Property size:
    7,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional investment opportunity presents a well-maintained, fully leased multi-family property located at 1011 & 1013 9th Street in Harvard, Illinois. The property comprises three buildings totaling 7,200 square feet and offers 20 individual units, each featuring two bedrooms and one bathroom. Each unit includes a one-car garage, and additional parking is available for residents. The property boasts a full basement equipped with a coin-operated laundry facility, providing added income and convenience for tenants. Individual tenant storage areas are also located in the basement, enhancing the property's appeal. The units are currently fully leased, generating strong rental income. The buildings are in excellent condition, reflecting consistent maintenance and upkeep over the years. This is a turnkey investment opportunity with significant potential for continued profitability. The property is being sold "as is," providing a clear and straightforward transaction. Financial records are available upon request to qualified buyers to demonstrate the strong cash flow potential. This is an ideal investment for those seeking a stable, high-return multi-family property in a desirable location. The property's size and features make it an attractive option for both seasoned investors and those new to the market. Don't miss this chance to acquire a proven income-generating asset.

    Property Features for 1011 9Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,200 SF

    Building Details

    Year Built
    1975
    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
    Harvard
    County
    McHenry
    State
    Illinois
    Longitude
    -88.62407
    Latitude
    42.42732

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    FAQs

    What type of property is this?
    Commercial real estate - Profitable 20-Unit Multi-Family Complex
    Where is this commercial real estate located?
    The property is located at 1011 9Th St Harvard, IL.
    What is the asking price?
    The asking price for this property is $925,000.
    (815) 943-7911
    Request Owner's contact information
    1011 9Th St Harvard, IL 60033
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    Harvard, IL 60033
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    Realmo Value Estimation

    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.

    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.

    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
    1011 9Th St Harvard, IL 60033
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