About 3937 & 3939 Main Street
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.
Features of 3937 & 3939 Main Street
| MLS® # | 12737348 |
|---|---|
| Price | $539,000 |
| Bathrooms | 0.00 |
| Acres | 0.22 |
| Year Built | 1895 |
| Type | Commercial Sale |
| Sub-Type | Multi Family 5+ |
| Status | Active |
| Taxes | $17,597 |
Community Information
| Address | 3937 & 3939 Main Street |
|---|---|
| Area | Holiday Hills / Johnsburg / McHenry / Lakemoor / McCullom Lake / Sunnyside / Ringwood |
| City | McHenry |
| County | McHenry |
| State | IL |
| Zip Code | 60050 |
Amenities
| Is Waterfront | No |
|---|---|
| New Construction | No |
| Has Pool | No |
Interior
| Cooling | None |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Unfinished |
Exterior
| Exterior | Brick, Wood, Cedar |
|---|---|
| Foundation | Concrete Perimeter |
Additional Information
| Days on Market | 15 |
|---|---|
| Zoning | COMMR |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Premier Commercial Realty |
|---|