109 Cary St - Apartments FOR SALE


Cary, IL 60013
$850,000 USD
312-860-4043
109 Cary St, Cary, IL for Sale
$850,000 USD
Apartments - FOR SALE
1/20
null | 6.84% Cap Rate

109 Cary St
Cary, IL 60013


HIGHLIGHTS

  • 100% occupancy offering stable, reliable cash flow
  • Seven-unit property with a mix of two studios and five one-bedroom/one-bathroom units
  • Recently updated units featuring new appliances, renovated bathrooms, and modern flooring
  • Two units with private balconies for added tenant appeal
  • On-site laundry facility and private parking for tenant convenience
  • 408 sq. ft. unfinished basement with potential for additional income (storage or office space)

OVERVIEW

Proano Commercial Group presents Cary Street Apartments, a fully occupied, seven-unit multifamily property in the heart of Cary, Illinois. The building features a mix of two studios and five one-bedroom units, with several recently updated, modernized apartments. With 100% occupancy, this well-maintained property ensures stable cash flow for investors, while offering additional income potential from an unfinished 408 sq. ft. basement that can be converted into storage or office space. Capital Improvements: 2022 full renovation Unit 104, 2022 full renovation Unit 111, 2023 full renovation unit 109C, 2023 full renovation unit 109 B, 2024 full renovation unit 109 D, 2022 new boiler, 2022 new water heater, 2024 new roof, 2024 new gutters, 2024 sealcoating, 2024 re-stripe parking lot. Located just 200 feet from the Metra station, tenants enjoy easy access to downtown Cary and major transportation routes. The property also offers on-site laundry, private parking, and balconies in select units. With tenant-paid utilities such as water and electric, this is a prime investment opportunity for those seeking a reliable, income-generating asset in a highly accessible location. The Village of Cary spans 5.9 square miles and is home to a population of 17,830. It is surrounded by a network of vibrant communities, with the Village of Algonquin to the south, the City of Crystal Lake to the northwest, the Village of Lake in the Hills to the west, Oakwood Hills to the north, and Fox River Grove to the east. The scenic Fox River forms Cary’s southern boundary, adding to the village’s natural charm. The property is conveniently located near residential and commercial properties, offering excellent access to both local amenities and business opportunities. Cary is a recipient of the prestigious Governor’s Hometown Award and has been recognized as a Tree City USA community since 2008. With its unique small-town character, Cary provides abundant opportunities for both residents and businesses, making it an ideal location for growth and community engagement.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

7

PRICE/UNIT

$121,429

CAP RATE

6.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Price Improved I Next To Metra Train Stop

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1865

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

B2

APN/PARCEL ID

19-13-279-008

ASK ABOUT THIS PROPERTY

Paul ProanoColdwell Banker Commercial RealtyMore Info
312-860-4043

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Paul ProanoColdwell Banker Commercial RealtyMore Info
312-860-4043

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