Address
524 S Cross Street, Sycamore, IL
Price
$ 650,000
Property Attributes
  • MLS#11402869
  • TypeMulti-Family
  • CountyDEKALB
  • CitySycamore
  • AreaSycamore
  • Zip60178
  • StyleMulti-Family
  • Year Built1940
  • Taxes$ 7002
  • Price$ 650,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Nice income producing 6 unit! Within the last few years this property has been improved with a new roof, gutters, fascia, major electrical update, lighting, doors, paint, landscaping, and individual heat and a/c installed (mini splits) in every unit! Tenants pay electric which includes their heat and a/c. There is a laundry room with 2 sets of washer/dryers for additional income and central boiler heat as a back up heating system. The property offers 5 spacious 1 bedroom units and a studio unit. Hardwood floors, walk in closets, and large room sizes are all features that make this property easy to rent. Garage parking for 4 vehicles and additional off street parking. Whether you are starting your rental property portfolio or adding to it, with a CAP rate over 11%, you won't go wrong with this one!

Price History
5/13/2022 Listed $695,000
8/3/2023 7% - $650,000

General Features

Cooling Central Individual
Possession Tenant's Rights
Roof Composition
Year Built 1940
Electric Circuit Breakers
Tenant Pays Air Conditioning,Electricity,Heat
Stories 2
Township Sycamore
Tax Year 2022
Current Use Multi-Family
Gross Income 94200
County DeKalb
Net Operating Income 75814
Operating Expense 21086
Insurance Expense 1825
Property Type Commercial Sale
MaintenanceExpense 3002
Status Active
Directions From Sycamore Rd.,South on S Cross.
City Sycamore
Total Units 6
MLS Area Sycamore
Street Name Cross
Tax Annual Amount 7002.22
Electric Expense 1725
Fuel Expense 1257
Trash Expense 1190
Water Sewer Expense 1466
Additional Parcels Y/N No
Days on Market 718
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Street
Basement Partially Finished

Exterior Features

Foundation Details Concrete Perimeter
Lot Dimensions 68 X 105.04
Exterior Brick

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60178

Price
AVG $400K
$650K
Taxes
AVG $5,370
$7,002
Visits
AVG 217
372
Data Provided by Inside Real Estate®
Year Built
AVG 1940
1940
Walkscore
AVG 51
51
Data Provided by Walkscore® not using MLS data

Areas We Cover