3937 & 3939 Main Street, McHenry, IL

$539,000

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0.22

Acres

About 3937 & 3939 Main Street

23 single residence occupancy units in 2 story vintage downtown McHenry building with 20 units leased (87% occupancy). Units rented week to week or month to month. Laundry room. Separate 400 sf leasing/management office could be converted to apartment, store or office and further monetized. Close to commuter train and downtown restaurants. Potential for redevelopment or creative re-use. City in process of establishing TIF district and plans area capital improvements. Priced below local Assessor valuation. Management in place. Ask for rent roll and operating statement. 12.6% actual cap rate. This is an older Class C SRO building that needs work and is priced accordingly.

Features of 3937 & 3939 Main Street

MLS® # 12737348
Price $539,000
Bathrooms 0.00
Acres 0.22
Year Built 1895
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 3937 & 3939 Main Street
Area Holiday Hills / Johnsburg / McHenry / Lakemoor / McCullom Lake / Sunnyside / Ringwood
City McHenry
County McHenry
State IL
Zip Code 60050

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling None
Fireplace No
Has Basement Yes
Basement Unfinished

Exterior

Exterior Brick, Wood, Cedar
Foundation Concrete Perimeter

Additional Information

Days on Market 15
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficePremier Commercial Realty

Listing Map

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