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105 N Depot St 10 Unit Apartment Building $479,000 ($47,900/Unit) 7.56% Cap Rate Somonauk, IL 60552
INVESTMENT HIGHLIGHTS
- 100% Occupancy
- Well Maintained
EXECUTIVE SUMMARY
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, 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.
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.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $479,000 | Building Class | C |
| Price Per Unit | $47,900 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 6,000 SF |
| Cap Rate | 7.56% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | 0050 - Residential, City of Somonauk | ||
| Price | $479,000 |
| Price Per Unit | $47,900 |
| Sale Type | Investment |
| Cap Rate | 7.56% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2019 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | 0050 - Residential, City of Somonauk |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Double Pane Windows
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $542.50 | 250 - 400 |
| 1+1 | 6 | $692.50 | 425 - 700 |
| 2+1 | 2 | $762.50 | 700 - 800 |
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PROPERTY TAXES
| Parcel Number | 18-32-478-014 | Total Assessment | $100,377 (2024) |
| Land Assessment | $22,276 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $78,101 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
18-32-478-014
Land Assessment
$22,276 (2024)
Improvements Assessment
$78,101 (2024)
Total Assessment
$100,377 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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105 N Depot St
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