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    524 Cross St Sycamore, IL 60178

    Sponsored
    For Sale
    $650,000

    Six-unit income property with high CAP rate.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional six-unit multi-family property located at 524 S Cross Street, Sycamore, IL, presents a lucrative investment opportunity. Priced at $650,000, this property boasts a strong 10.9% CAP rate, making it an attractive addition to any portfolio or a perfect entry point for new investors. Recent significant improvements enhance its value and appeal. These upgrades include a new roof, gutters, and fascia, a major electrical system update, new lighting and doors, fresh paint, updated landscaping, and the installation of individual mini-split heating and air conditioning units in each apartment. Tenants are responsible for their own electricity, which covers their heating and cooling costs. Adding to the income stream, a laundry room equipped with two sets of washer/dryers generates additional revenue. A central boiler system serves as a backup heating source. The property comprises five spacious one-bedroom units and one studio unit, all featuring desirable amenities such as hardwood floors, walk-in closets, and generously sized rooms. Four garage parking spaces and additional off-street parking are available. This well-maintained property is easily rentable due to its attractive features and location in Sycamore, IL. The property sits on a 0-acre lot. Don't miss this chance to acquire a high-yield investment property with a proven track record.

    Property Features for 524 Cross St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sycamore
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.6914
    Latitude
    41.9879

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    FAQs

    What type of property is this?
    Commercial real estate - Six-unit income property with high CAP rate.
    Where is this commercial real estate located?
    The property is located at 524 Cross St Sycamore, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    (815) 748-4663
    Request Owner's contact information
    524 Cross St Sycamore, IL 60178
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    Sycamore, IL 60178
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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
    524 Cross St Sycamore, IL 60178
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