105 N Depot St - Apartments FOR SALE


Somonauk, IL 60552
$515,000 USD
815-405-3679
105 N Depot St, Somonauk, IL for Sale
$515,000 USD
Apartments - FOR SALE
1/21
null | 7.71% Cap Rate

105 N Depot St
Somonauk, IL 60552


HIGHLIGHTS

  • 100% Occupancy
  • Well Maintained

OVERVIEW

This exceptional property presents a prime opportunity for a savvy multifamily/mid-rise investor. With 10 units offering versatile living spaces, this historic gem, originally built in 1920 and thoughtfully updated in 2019, stands as a testament to enduring quality. Zoned INC and enjoying full occupancy, this investment promises immediate returns. Investors seeking a lucrative addition to their portfolio will appreciate the stability, appeal, and potential for further growth offered by this meticulously maintained property. 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.

FOR SALE DETAILS

PRICE

$515,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

10

PRICE/UNIT

$51,500

CAP RATE

7.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,793 SF

ZONING

0050

APN/PARCEL ID

18-32-478-014

ASK ABOUT THIS PROPERTY

Nick FerroColdwell Banker Commercial Real Estate GroupMore Info
815-405-3679

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Nick FerroColdwell Banker Commercial Real Estate GroupMore Info
815-405-3679

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.