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$699,000
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UPDATED:
12/11/2024 09:04 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12198220
Year Built 1912
Annual Tax Amount $13,238
Tax Year 2023
Lot Dimensions 57 X 94
Property Description
Tremendous opportunity to own a seven unit apartment building with gorgeous vintage features and very strong cash flow in a location that's just blocks from the historic and picturesque Woodstock Town Square. This building is always easy to rent due to its convenience to the center of town and easy access to the Metra stop. The unit mix of (4) large two bedroom units and (3) one bedroom units fall within a very desirable rental range. Plus the tenants pay their own heat! The Woodstock Town Square area is undergoing major public and private investment and the desirability of living in this location will grow dramatically over the next few years, greatly boosting its future value from both a rental and investment standpoint. This building is already attractively priced at a 7 CAP, so that all of the growth over the next few years will be pure gravy.
Location
State IL
County Mchenry
Area Bull Valley / Greenwood / Woodstock
Zoning OTHER
Interior
Cooling None
Fireplace N
Exterior
Roof Type Membrane
Building
Dwelling Type Multi Family 5+
Level or Stories 2
Structure Type Brick
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Tyler Lewke • Keller Williams Success Realty
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