3937 & 3939 Main Street Mchenry, IL 60050
$539,000
Active / MLS# 12737348 / Multi Unit - Retail / Mchenry
0
Beds
5991
SqFt
23 single residence occupancy units in 2 story vintage downtown McHenry building with 20 units leased (87% occupancy). Units rented week to week or month to month. Laundry room. Separate 400 sf leasing/management office could be converted to apartment, store or office and further monetized. Close to commuter train and downtown restaurants. Potential for redevelopment or creative re-use. City in process of establishing TIF district and plans area capital improvements. Priced below local Assessor valuation. Management in place. Ask for rent roll and operating statement. 12.6% actual cap rate. This is an older Class C SRO building that needs work and is priced accordingly.
Baird & Warner New Client Care Team Agent Cell: 312.847.5702 Email
Property Details
Property Type: Multi Unit - Retail
Cooling: None
Lot Size: 0.22 Acres
Stories: 2.0
Taxes: $17,597
Year Built: 1895
Feature Descriptions
Current Use: Multi-Family
Exterior: Brick, Wood, Cedar
Fire Protection: Fire Extinguisher/s
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Radiant
Location: Central Business District, TIF Zone
Lot Dimensions: 90 X 24 X 149 X 166
Miscellaneous Indoor: Furnished Units Available
Parcel#: 0926355002
Parking: 1-5 Spaces
Potential Use: Commercial, Condominium, Multi-Family, Retail, Single Room Occupancy
Tenant Pays: None
Units: 23
Utilities: Sewer Connected
Location
See details and scored characteristics about this location.
Listing Office: Premier Commercial Realty
Listing Office Phone: 847-854-2300
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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