NOT LISTED FOR SALE

613 W Main St Cary, IL 60013

-- Bed
8 Baths
-- Sq Ft
1.25 Acres

Last Sold May 14, 2021

Last sale price $450,000

41 Days on Market

Highlights

  • 1.25 Acre Lot
  • Laundry Room
  • Baseboard Heating
  • Cary Grove High School Rated A

About This Home

As of May 2021

Great investment opportunity!!! 8 studio units (2 adjacent 4-flats) with 8 garage spaces on 1.25 acres ** Park-like setting with mature trees ** New roofs (2020) ** Parking lot repaired & seal coated (2020) ** Fully Rented ** Never a Vacancy ** Some long-term tenants (30 years) ** 2 utility rooms with washer & dryer ** Great rental location - close to town, walk to Metra station, close to shopping, restaurants & park district facilities ** Please note: taxes have been reduced from $13,844 to $11,300 (est) & property is zoned R2 & is legal non-conforming **

Last Agent to Sell the Property

Richard Dawidiuk

REMAX Legends License #475134041 Listed on: 02/10/2021

REMAX Legends

Last Buyer's Agent

Jason Wagner

Greystone Realty License #471021030

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,844

Year Built

  • Built in 1940

Lot Details

  • 1.25 Acre Lot
  • Lot Dimensions are 282x242x190x116x125

Home Design

  • Gable Roof Shape

Interior Spaces

  • 8 Bathrooms
  • 1-Story Property
  • Exterior Basement Entry
  • Laundry Room

Utilities

  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $468
  • Fuel Expense $1,110
  • Insurance Expense $2,400
  • Trash Expense $1,080
  • Water Sewer Expense $1,560
  • Operating Expense $20,462
  • Gross Income $69,456
  • Net Operating Income $48,994

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,844

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 1
  • Year Built: 1940
  • Built Before 1978 (Y/N): Yes
  • Information: Other-See Remarks,No Sign on Property
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Misc Inside: Laundry Room
  • Fireplaces: 2
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 2
  • Room: 2
  • Room: 2
  • Room: 0

Exterior Features

  • List Price: 497000
  • Roof Structure: Gable

Garage/Parking

  • Outdoor Parking: 13-18 Spaces,Paved,Private Lot

Utilities

  • Heat/Ventilation: Hot Water,Baseboard

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 1080
  • Water Sewer Expenses: 1560
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.25
  • Lot Dimensions: 282X242X190X116X125
  • Lot Size Sq Ft: 54450
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 48994
  • Fuel Expense: 1110
  • Insurance Expense: 2400
  • ElectricExpense: 468
  • GrossIncome: 69456
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 20462
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 13844
  • Tax Year: 2019

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 List to Sale Price per Sq Ft
05/14/2021 05/14/21 Sold $450,000 -9.5% --
03/23/2021 03/23/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $497,000 -- --
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: 10992090

Midwest Real Estate Data (MRED)