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524 S Cross 524 Cross St 6 Unit Apartment Building $925,000 ($154,167/Unit) 7.07% Cap Rate Sycamore, IL 60178
EXECUTIVE SUMMARY
For sale is a 6 unit apartment building. 2 of the units are rented as Airbnb's and bring in excellent income. All units are separately metered for electricity and have their own split unit HVAC. There is a garage providing parking and storage. 5 of 6 units were renovated in 2023. There is a new roof as of 2023.
PROPERTY FACTS
| Price | $925,000 | Building Class | C |
| Price Per Unit | $154,167 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 5,184 SF |
| Cap Rate | 7.07% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.16/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | Edwards |
| Zoning | R-1 | ||
| Price | $925,000 |
| Price Per Unit | $154,167 |
| Sale Type | Investment |
| Cap Rate | 7.07% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,184 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1940/2023 |
| Parking Ratio | 1.16/1,000 SF |
| Cross Streets | Edwards |
| Zoning | R-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 06-32-378-001 | Improvements Assessment | $144,950 |
| Land Assessment | $16,353 | Total Assessment | $161,303 |
PROPERTY TAXES
Parcel Number
06-32-378-001
Land Assessment
$16,353
Improvements Assessment
$144,950
Total Assessment
$161,303
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524 S Cross | 524 Cross St
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