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105 N Depot Street Somonauk, IL 60552
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Key Details
Sold Price $377,500
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $62
MLS Listing ID 10474688
Sold Date 10/01/19
Year Built 1920
Annual Tax Amount $7,140
Tax Year 2018
Lot Size 8,276 Sqft
Lot Dimensions 80+ X 50 X 85+ X 69.6
Property Description
Situated on highly traveled and well known Rt 34, this recently renovated brick three story 10 unit apartment building is 100% occupied and located right in downtown Somonauk. All common areas and stairwells have a complete facelift with new paint, LED lighting, LED safety lighting and new flooring. Extensive exterior work has been completed to include tuck pointing, low maintenance landscaping, painting, drainage and a new wood deck and entry door on the East entrance. Many new windows have been installed as well as a new 60 mil TPO roof. Tenants pay utilities according to a R.U.B.S. utility reimbursement system. Plenty of upside left here for new buyer to continue improvements and push rents closer to market rate. There is room to complete a new laundry room for more $$. Great return on investment opportunity!
Location
State IL
County De Kalb
Zoning MULTI
Interior
Fireplace N
Exterior
Utilities Available Sanitary Sewer, Water to Site
View Y/N true
Roof Type Membrane
Building
Foundation Other
Structure Type Wood Frame
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Bought with Aaron Westerfield • Foundation Real Estate Co.