3937 & 3939 Main St McHenry, IL 60050
McHenry AreaEstimated payment $4,440/month
Highlights
- Furnished
- Wood Siding
- 3-minute walk to Walsh Park
About This Home
23 single residence occupancy units in 2 story vintage downtown McHenry building with 20 units leased (87% occupancy). Units rented week to week or month to month. Laundry room. Separate 400 sf leasing/management office could be converted to apartment, store or office and further monetized. Close to commuter train and downtown restaurants. Potential for redevelopment or creative re-use. City in process of establishing TIF district and plans area capital improvements. Priced below local Assessor valuation. Management in place. Ask for rent roll and operating statement. 12.6% actual cap rate. This is an older Class C SRO building that needs work and is priced accordingly.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,597
Year Built
- Built in 1895
Lot Details
- 9,487 Sq Ft Lot
- Lot Dimensions are 90 x 24 x 149 x 166
Home Design
- Rooming House
- Brick Exterior Construction
- Wood Siding
- Concrete Perimeter Foundation
- Cedar
Interior Spaces
- 5,991 Sq Ft Home
- 2-Story Property
- Furnished
- Fire Suppression System
- Unfinished Basement
Utilities
- No Cooling
- Radiant Heating System
Community Details
Overview
- 23 Units
Building Details
- Electric Expense $8,400
- Fuel Expense $4,200
- Insurance Expense $8,400
- Maintenance Expense $3,000
- Manager Expense $12,000
- Other Expense $16,245
- Trash Expense $1,800
- Water Sewer Expense $3,000
- Operating Expense $60,645
- Gross Income $128,880
- Net Operating Income $68,235
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,579 | $155,281 | $30,655 | $124,626 |
| 2024 | $10,579 | $141,913 | $28,016 | $113,897 |
| 2023 | $9,554 | $127,689 | $25,208 | $102,481 |
| 2022 | $9,240 | $118,165 | $25,208 | $92,957 |
| 2021 | $8,960 | $111,571 | $23,801 | $87,770 |
| 2020 | $8,779 | $109,063 | $23,266 | $85,797 |
| 2019 | $8,509 | $103,535 | $22,087 | $81,448 |
| 2018 | $8,566 | $101,485 | $21,650 | $79,835 |
| 2017 | $8,209 | $94,935 | $20,253 | $74,682 |
| 2016 | $8,005 | $87,777 | $19,610 | $68,167 |
| 2015 | -- | $79,000 | $17,040 | $61,960 |
| 2014 | -- | $73,205 | $16,569 | $56,636 |
| 2013 | -- | $75,446 | $17,076 | $58,370 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/18/2026 08/18/26 | For Sale | $539,000 | -- | $90 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12737348
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Ask me questions while you tour the home.