NOT LISTED FOR SALE

109 Cary St Cary, IL 60013

8 Beds
8 Baths
3,600 Sq Ft
5,663 Sq Ft Lot

Last Sold April 23, 2025

Last sale price $737,500 $205 Per Sq Ft

146 Days on Market

Highlights

  • Property is near public transit
  • 1-minute walk to Cary Station
  • Furnished
  • Cary Grove High School Rated A
  • Corner Lot
  • Laundry Room

About This Home

As of April 2025

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 full 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. 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. Capital Improvements: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.

Last Agent to Sell the Property

Paul Proano

Coldwell Banker Commercial NRT License #475170890 Listed on: 10/16/2024

Coldwell Banker Commercial NRT

Last Buyer's Agent

Jacqueline Wendt

Compass License #475201917

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,512

Year Built

  • Built in 1865

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 85x65
  • Corner Lot

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Garden Apartment
  • Pitched Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Laundry Room

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Radiator
  • Separate Meters
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $999,999
  • Fuel Expense $999,999
  • Insurance Expense $999,999
  • Maintenance Expense $999,999
  • Other Expense $999,999
  • Trash Expense $999,999
  • Water Sewer Expense $999,999
  • Operating Expense $22,110
  • Gross Income $95,786
  • Net Operating Income $58,164

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,512

Year Built

Built in 1865

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Garden Complex
  • Stories: 2
  • Year Built: 1865
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished, Exterior Entry, Concrete, Storage Space
  • Possible Use: Multi-Family
  • Fire Protection: Alarm Monitored,Fire Extinguisher/s
  • Misc Inside: Furnished Units Available,Laundry Room
  • Fireplaces: 1
  • Refrigerators: 7
  • Ranges: 7
  • Number of Windows: 9
  • Number of Washers: 1
  • Room: 2
  • Room: 2
  • Room: 2

Exterior Features

  • Construction Materials: Other, Stucco
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 850000
  • Roof: Composition
  • Roof Structure: Pitched
  • Misc Outside: Balcony/ies

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers, Fuses, Separate Meters
  • Utilities: Sewer Connected, Water Available, Cable Available
  • Water Source: Municipal Water
  • Heat/Ventilation: Central Heat/Indiv Controls,Radiators

Fee Information

  • Trash Expense: 999999
  • Water Sewer Expenses: 999999
  • Janitor Expense: 999999

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.13
  • Lot Dimensions: 85X65
  • Lot Size Sq Ft: 5663
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 20
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 3600
  • Building Unit Info: All Units Furnished,Fire Alarm

Multi Family

  • Net Operating Income: 58164
  • Fuel Expense: 999999
  • Insurance Expense: 999999
  • ElectricExpense: 999999
  • GrossIncome: 95786
  • Maintenance Expense: 999999
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 22110
  • Expense Year: 2023
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 15512
  • Tax Year: 2023

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 Sold $737,500 -13.2% $205 / Sq Ft
03/11/2025 03/11/25 Pending -- -- --
01/20/2025 01/20/25 Price Changed $850,000 -2.9% $236 / Sq Ft
10/16/2024 10/16/24 For Sale $875,000 +54.0% $243 / Sq Ft
08/21/2019 08/21/19 Sold $568,000 -3.7% --
06/03/2019 06/03/19 Pending -- -- --
03/02/2019 03/02/19 For Sale $590,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12187349

Midwest Real Estate Data (MRED)