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230 Florence Street

Crystal Lake, IL 60014
  • $155,000
  • STATUS: Active Under Contract
  • ON SITE: 126 Days
  • MLS #: 11221676
Under Contract
$155,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1882
County:

School Ratings & Info

Description

Great investment opportunity!!! Cash flows from day 1!! Owners-User/Investors! This standalone office building ideal for small business owner/user! Income presently generating $12,467/yr. Building has been impeccably maintained with several recent improvements including a new staircase to the basement. 2006 - new roof, A/C , furnace, and entire duct system replaced. 2008 - new chimney. 2017 - Front appearance improved by redoing the whole front porch and replacing the cedar siding and insulation and windows wrapped with aluminum. 6 existing tenants. Minutes from CBD of Crystal Lake and just off busy Route 14. Could also be converted back into a single family home if re-zoned. Cap rate is 7.84%!

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-01-22T00:50:12.773 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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230 Florence Street Crystal Lake, IL 60014

  • Price: $155,000
  • Status: Active Under Contract
  • On Site: 126 Days
  • MLS #: 11221676
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1882
Built
Neighborhood:
Crystal Lake / Lakewood / Prairie Grove
County:
McHenry
Area:
Crystal Lake / Lakewood / Prairie Grove
Property Description
Great investment opportunity!!! Cash flows from day 1!! Owners-User/Investors! This standalone office building ideal for small business owner/user! Income presently generating $12,467/yr. Building has been impeccably maintained with several recent improvements including a new staircase to the basement. 2006 - new roof, A/C , furnace, and entire duct system replaced. 2008 - new chimney. 2017 - Front appearance improved by redoing the whole front porch and replacing the cedar siding and insulation and windows wrapped with aluminum. 6 existing tenants. Minutes from CBD of Crystal Lake and just off busy Route 14. Could also be converted back into a single family home if re-zoned. Cap rate is 7.84%!
Exterior Features

Exterior Building Type CedarFrame Foundation Details Stone Frontage Type City StreetPublic Road Roof CompositionFiberglass Roof Structure GablePitchedWood Joists

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas Miscellaneous Inside Multi-Tenant Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 1830 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Current Use Office Electric Circuit Breakers Fire Protection None Geographic Locale Northwest Suburban Gross Income 24000 Gross Scheduled Income 24000 Leasable Area 1830 Location Central Business DistrictCornerPark Adjacent Net Operating Income 12467 Number Of Tenants 6 Operating Expense 5100 Ownership Types Individual Possible Use Office And ResearchRetailSpecial UseOtherElderly HousingSingle Room Occupancy Property Offered For Sale Only Tax Annual Amount 6433 Tax Year 2020 Tenant Pays Varies By Tenant Total Monthly Income 2000 Type Office/Tech Zoning Offic

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Homesmart Connect Llc.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-01-22T00:50:12.773 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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