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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

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.
More about this property
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