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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12392519
Year Built 1900
Annual Tax Amount $20,393
Tax Year 2024
Lot Dimensions 139X149X158X57
Property Sub-Type Multi Family 5+
Property Description
Premier Downtown Woodstock Investment Opportunity - 8 Residential Units, Commercial Space, and Vacant Lot with 7% CAP Rate. A unique and lucrative investment property in the heart of downtown Woodstock, offering a rare combination of immediate rental income, significant tax incentives, and future development potential. This solid brick, multi-family and commercial building, located just off the historic Woodstock Square and steps from the Metra train station, presents a compelling 7% capitalization rate with newly signed leases in place. The property comprises eight fully occupied one-bedroom, one-bathroom residential apartments, a leased commercial print shop, and a valuable adjacent vacant lot, providing a diverse and stable income stream. Tenants enjoy the convenience of exterior parking, shared laundry facilities, and a dedicated storage area. Located in TIF district & Enterprise Zone.
Location
State IL
County Mchenry
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
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Listed by Megan Liebetrau • Berkshire Hathaway HomeServices Starck Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States