Fully Leased Multifamily Investment in Prime Cary, Illinois

Highlights:

• Annual Tax: $ 15512.0
• Available Floors: 2
• Average Occupancy Rate: 100.0
• Fully Leased Income: $ 95786.0
• Gross Income: $ 95786.0
• Max Contiguous Area: 3100.0
• Appliances: Range / Oven
• Flooring: Hardwood
• General: Ceiling Fan(s)
• Age: Over 50 Years Old
• Exterior Description: Stucco
• Lot Size: Under 1/2 Acre
• Cooling: Window A/C
• Exterior Living Space: Balcony / Lanai
• Sewer: City
• Water: City Water
• Heating Type: Forced Air

Description:

The Village of Cary spans 5.9 square miles and is home to a population of 17,830. It is surrounded by a network of vibrant communities, with the Village of Algonquin to the south, the City of Crystal Lake to the northwest, the Village of Lake in the Hills to the west, Oakwood Hills to the north, and Fox River Grove to the east. The scenic Fox River forms Cary’s southern boundary, adding to the village’s natural charm. The property is conveniently located near residential and commercial properties, offering excellent access to both local amenities and business opportunities. Cary is a recipient of the prestigious Governor’s Hometown Award and has been recognized as a Tree City USA community since 2008. With its unique small-town character, Cary provides abundant opportunities for both residents and businesses, making it an ideal location for growth and community engagement.

100% occupancy offering stable, reliable cash flow.
Seven-unit property with a mix of two studios and five one-bedroom/one-bathroom units.
Recently updated units featuring new appliances, renovated bathrooms, and modern flooring.
Two units with private balconies for added tenant appeal.
On-site laundry facility and private parking for tenant convenience.
408 sq. ft. unfinished basement with potential for additional income (storage or office space).
Prime location just 200 feet from the Metra station; 3-minute walk to downtown Cary.
Easy access to major transportation routes and nearby retail centers.
Tenant-paid water and electricity, reducing landlord expenses.
Well-maintained building, ideal for a low-maintenance investment

Proano Commercial Group presents 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 100% 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.
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

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.

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