524 Cross St Sycamore, IL 60178

Property Details for 524 Cross St

Year built

1940

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.16 lot acres

Property size

1,728 SF

Property type

Commercial real estate

APN

06-32-378-001

APU

632378001

Description

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.

Location Insight

City

Sycamore

County

Dekalb

State

Illinois

Longitude

-88.6952

Latitude

41.9831

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments