5
See all 5 photos
$539,000
Est. payment /mo
5,991 SqFt
Active
3937 & 3939 Main ST Mchenry, IL 60050
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Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,991 sqft
Price per Sqft $89
MLS Listing ID 12737348
Maintenance Fees $3,000
Year Built 1895
Annual Tax Amount $17,597
Tax Year 2025
Lot Size 9,583 Sqft
Lot Dimensions 90 X 24 X 149 X 166
Property Sub-Type Multi Family 5+
Property Description
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.
Location
State IL
County Mchenry
Area Holiday Hills / Johnsburg / Mchenry / Lakemoor / Mccullom Lake / Sunnyside / Ringwood
Zoning COMMR
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace N
Exterior
Utilities Available Sewer Connected
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Structure Type Brick,Wood,Cedar
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Listed by Bruce Kaplan of Premier Commercial Realty
NEARBY SCHOOL & BUSINESS
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