524 S Cross Street Sycamore, IL ^$ 650,000

524 S Cross Street

^$ 650,000

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524 S Cross Street

Sycamore, IL, 60178

^$ 650,000

Bedrooms5 Baths0.0

Monthly Estimate*

^$ 4,320

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Multi-Family Home for sale in Sycamore, IL

for $650,000 with 5 bedrooms. This home was built in 1940.

Nice income producing 6 unit! Within the last few years this property has been improved with a new roof, gutters, fascia, major electrical update, lighting, doors, paint, landscaping, and individual heat and a/c installed (mini splits) in every unit! Tenants pay electric which includes their heat and a/c. There is a laundry room with 2 sets of washer/dryers for additional income and central boiler heat as a back up heating system. The property offers 5 spacious 1 bedroom units and a studio unit. Hardwood floors, walk in closets, and large room sizes are all features that make this property easy to rent. Garage parking for 4 vehicles and additional off street parking. Whether you are starting your rental property portfolio or adding to it, with a CAP rate over 11%, you won't go wrong with this one!

Multi-Family Active

Price

^$ 650,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 13,325

Style

Multi-Family

Year Built

1940

Town/City

Sycamore

County/Region

De Kalb

MLS | Web ID

11402869

Features

General

Cooling Central Individual

Possession Tenant's Rights

Roof Composition

Year Built 1940

Electric Circuit Breakers

Tenant Pays Air Conditioning Electricity Heat

Stories 2

Township Sycamore

Tax Year 2023

Current Use Multi-Family

Gross Income 95100

County DeKalb

Net Operating Income 70391

Operating Expense 27409

Insurance Expense 1825

Property Type Commercial Sale Multi Family 5+

Status Active

Directions From Sycamore Rd. South on S Cross.

City Sycamore

NumberOfUnitsTotal 6

MLS Area Sycamore

Street Name Cross

Tax Annual Amount 13325

Electric Expense 1725

Fuel Expense 1257

Trash Expense 1190

Water Sewer Expense 1466

Additional Parcels Y/N N

Days on Market 743

Standard Status Active

Exterior

Foundation Details Concrete Perimeter

Lot Dimensions 68 X 105.04

Exterior Brick

Interior

Street Suffix Street

Basement Partially Finished

* Excluded Features

List By

Castle View Real Estate

Broker

realtortomv@gmail.com

Affordability Calculator

$5,431

Per Month

Monthly Principal & Interest: $4,320
Monthly Property Taxes: $1,110
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Sycamore, IL

Average List Price ^$475,000

Percent of Sale Price 27%

About Sycamore, IL

17,636 Population

35% Since 2002

^$67,822 Median Income

37.6 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/3/2023	$650,000	-6.47%	Price Down
5/13/2022	$695,000		Listed Price

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524 S Cross Street, Sycamore, IL, 60178 is a Multi-Family Home for sale at $650,000. 524 S Cross Street has 5 bedrooms, 0.0 baths, and was built in 1940. The property's zip code is 60178 which is in Sycamore, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/3/2024.

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524 S Cross Street

Multi-Family Home for sale in Sycamore, IL

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