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130 Washington St 9 Unit Apartment Building $1,099,000 ($122,111/Unit) 7.33% Cap Rate Woodstock, IL 60098
INVESTMENT HIGHLIGHTS
- 130 Washington Street presents a 7,054-square-foot MFR asset with eight one-bed/ one-bath units, one commercial unit, and one vacant lot.
- Fully leased and generating over $110K in gross income, this hands-off opportunity is ideal for an investor looking to grow a portfolio.
- Adjacent to the Woodstock Historic District, renowned for its cinemas, opera house, event venue, and local dining and entertainment spots.
- Located in McHenry County’s TIF District and Enterprise Zone, supporting tax benefits and future value-add redevelopment.
- Located 60 miles from Chicago’s iconic Loop, Woodstock has a lively small-town appeal with recreational opportunities and seasonal events.
- Easily accessible near the intersection of US 14 Business Route and Washington Street, tenants benefit from dedicated on-site parking.
EXECUTIVE SUMMARY
Berkshire Hathaway Stark Realtors proudly presents the investment opportunity to acquire 130 Washington Street, a fully leased and income-generating multifamily building with an attached commercial unit and included land lot.
130 Washington Street is a 7,054-square-foot, two-story brick apartment building with eight one-bedroom/ one-bathroom units. All units are fully leased, and residents share laundry and storage areas. Attached to the apartments is a smaller commercial unit, occupied by a local printing tenant. Additionally, there is a 0.07-acre gravel land lot, currently utilized for additional parking. The lot is zoned for commercial business, enabling future value-add via development of another commercial space or paving and metered parking for additional cash flow.
The subject is situated in a premier location in the heart of Downtown Woodstock, within a TIF District and Enterprise Zone, which supports significant tax incentives and future development potential. Tenants are just a few steps from the Metra train station, providing a convenient way to access the Chicago metro, located roughly 60 miles southeast. Paired with the Metra are a variety of bus stops, both surrounding the square and lining US Highway 14, where Northwestern Medicine Woodstock Hospital is 5 miles south.
Residents of Woodstock enjoy the close-knit atmosphere of the community, which features annual and seasonal events, outdoor recreation, shopping, local arts, cuisine, and more. There are approximately 162,615 residents within a 10-mile radius, with an average household income of $111,939. The realm generates a robust consumer spending power of more than $2.1 billion.
Inquire today to learn more about this multifaceted investment with a diverse and stable income stream.
130 Washington Street is a 7,054-square-foot, two-story brick apartment building with eight one-bedroom/ one-bathroom units. All units are fully leased, and residents share laundry and storage areas. Attached to the apartments is a smaller commercial unit, occupied by a local printing tenant. Additionally, there is a 0.07-acre gravel land lot, currently utilized for additional parking. The lot is zoned for commercial business, enabling future value-add via development of another commercial space or paving and metered parking for additional cash flow.
The subject is situated in a premier location in the heart of Downtown Woodstock, within a TIF District and Enterprise Zone, which supports significant tax incentives and future development potential. Tenants are just a few steps from the Metra train station, providing a convenient way to access the Chicago metro, located roughly 60 miles southeast. Paired with the Metra are a variety of bus stops, both surrounding the square and lining US Highway 14, where Northwestern Medicine Woodstock Hospital is 5 miles south.
Residents of Woodstock enjoy the close-knit atmosphere of the community, which features annual and seasonal events, outdoor recreation, shopping, local arts, cuisine, and more. There are approximately 162,615 residents within a 10-mile radius, with an average household income of $111,939. The realm generates a robust consumer spending power of more than $2.1 billion.
Inquire today to learn more about this multifaceted investment with a diverse and stable income stream.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$111,600
|
$15.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$111,600
|
$15.82
|
| Taxes |
$20,393
|
$2.89
|
| Operating Expenses |
$10,620
|
$1.51
|
| Total Expenses |
$31,013
|
$4.40
|
| Net Operating Income |
$80,587
|
$11.42
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $111,600 |
| Annual Per SF | $15.82 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $111,600 |
| Annual Per SF | $15.82 |
| Taxes | |
|---|---|
| Annual | $20,393 |
| Annual Per SF | $2.89 |
| Operating Expenses | |
|---|---|
| Annual | $10,620 |
| Annual Per SF | $1.51 |
| Total Expenses | |
|---|---|
| Annual | $31,013 |
| Annual Per SF | $4.40 |
| Net Operating Income | |
|---|---|
| Annual | $80,587 |
| Annual Per SF | $11.42 |
PROPERTY FACTS
| Price | $1,099,000 | Apartment Style | Low-Rise |
| Price Per Unit | $122,111 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 7.33% | Building Size | 7,054 SF |
| Gross Rent Multiplier | 9.85 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | B3 | B2C - B3 (Building); B2C (Parking Lot) | ||
| Price | $1,099,000 |
| Price Per Unit | $122,111 |
| Sale Type | Investment |
| Cap Rate | 7.33% |
| Gross Rent Multiplier | 9.85 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 7,054 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | B3 | B2C - B3 (Building); B2C (Parking Lot) |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,088 | - |
| Studios | 1 | $1,275 | - |
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $237,344 (2024) | |
| Land Assessment | $34,905 (2024) | Annual Taxes | $20,393 ($2.89/SF) |
| Improvements Assessment | $202,439 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$34,905 (2024)
Improvements Assessment
$202,439 (2024)
Total Assessment
$237,344 (2024)
Annual Taxes
$20,393 ($2.89/SF)
Tax Year
2025
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