109 Cary Street

Cary, IL 60013

$875,000
Price
5
Beds
7
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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 full 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. Located just 200 feet from the Metra station,...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 full 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. 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. Capital Improvements: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-striped parking lot.
  1. Listed by Paul Proano • Coldwell Banker Commercial NRT
  2. Listed by Alex Sokolowski • Coldwell Banker Commercial NRT

Property Details for 109 Cary Street

Area
Cary / Oakwood Hills / Trout Valley
Township
Algonquin
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 11/03/2024 01:05 PM

Property Details for 109 Cary Street

StatusActive
MLS #12187349
Days on Market72
Taxes$15,512 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1865
Lot Size0.13 AC / 5,663 SF
CountyMcHenry County

Building Information for 109 Cary Street

Stories2Residences7Year Built1865Building Size-Lot Size0.13 AC / 5,663 SF

Property Information for 109 Cary Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers, Fuses, Separate Meters
  • # Of Washers: 1
  • Basement Description: Partially Finished, Exterior Access, Concrete (Basement), Storage Space
  • Heat/Ventilation: Central Heat/Indiv Controls,Radiators
  • # Of Window/Ac: 9
  • # Of Refrigerators: 7
  • Misc Inside: Furnished Units Available,Laundry Room
  • # Of Dryers: 1
  • Num of Baths: 7.0
Exterior Features
  • Building Unit Info: All Units Furnished,Fire Alarm
  • Misc Outside: Balcony/ies
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal, Water to Site, Cable Available
Property/Lot Information
  • Tenant Pays: Electricity, Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 85X65
  • Lot Size Square Feet: 5663.0
  • Stories: 2
  • Exterior Building Type: Stucco
  • Construction: Other
  • Roof Type: Composition
  • Fire Protection: Alarm Monitored,Fire Extinguisher/s
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 3600
  • Lot Size Source: Other
  • # Of Ranges: 7
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 2
  • Document Date: 2024-10-17T19:33:01
  • Photos Count: 21
Miscellaneous
  • Current Use: Multi-Family
  • Location: Central Business District,Corner,Public Transport Avail,Enterprise Zone,In City Limits
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $999,999.00
  • Fuel Expense: $999,999.00
  • Gross Income: $95,786.00
  • Gross Scheduled Income: $95,786.00
  • Insurance Expense: $999,999.00
  • Maintenance Expense: $999,999.00
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Janitor Expense: 999999
  • Total Monthly Income: 7982
  • Net Operating Income: $58,164.00
  • Operating Expense: $22,110.00
  • Other Expense: $999,999.00
  • Trash Expense: $999,999.00
  • Water Sewer Expense: $999,999.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 1

Property History for 109 Cary Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 109 Cary Street

Taxable ValueLand$26,315Additions$141,266Total$167,581
Tax Record2023$15,512 ($1,293 / month)
Home Facts
Total Finished SqFt3,668 SqFtAbove Grade Finished SqFt3,668 SqFtStories2Lot Size5,676 SqFtStyleMulti-Family Dwelling (2-4)CountyMCHENRYAPN19-13-279-008

Schools near 109 Cary Street

This home is within Chsd 155 School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Briargate Elementary School
Public1 to 5

Cary Jr High School
Public6 to 8

Cary-Grove Community High School
Public9 to 12

Haber Oaks Campus
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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109 Cary Street is a multi-family home for sale in Cary, IL 60013. This property was listed for sale on October 16, 2024 by Coldwell Banker Commercial NRT, it's currently listed at $875,000. It has been on the market for a total of 72 days and was last sold on August 21, 2019. This listing's school districts are Chsd 155 School District, Cary Central Consolidated School District 26. Nearby schools include Briargate Elementary School, Cary Jr High School and Cary-Grove Community High School. 109 Cary Street is a 5-bed, 7-bath, multi-family home built in 1865.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Commercial NRT

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/03/2024 01:05 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.