109 Cary St

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Cary Street Apartments, a fully occupied, seven-unit multifamily property in the heart of Cary, Illinois. The building features a mix of two studios and five one-bedroom units, with several recently updated, modernized apartments. With full occupancy, this well-maintained property ensures stable cash flow for investors, while offering additional income potential from an unfinished 408 sq. ft. basement that can be converted into storage or office space. Located just 200 feet from the Metra station,...Cary Street Apartments, a fully occupied, seven-unit multifamily property in the heart of Cary, Illinois. The building features a mix of two studios and five one-bedroom units, with several recently updated, modernized apartments. With full occupancy, this well-maintained property ensures stable cash flow for investors, while offering additional income potential from an unfinished 408 sq. ft. basement that can be converted into storage or office space. Located just 200 feet from the Metra station, tenants enjoy easy access to downtown Cary and major transportation routes. The property also offers on-site laundry, private parking, and balconies in select units. With tenant-paid utilities such as water and electric, this is a prime investment opportunity for those seeking a reliable, income-generating asset in a highly accessible location. Capital Improvements:Capital Improvements: 2022 full renovation Unit 104, 2022 full renovation Unit 111, 2023 full renovation unit 109C, 2023 full renovation unit 109 B, 2024 full renovation unit 109 D, 2022 new boiler, 2022 new water heater, 2024 new roof, 2024 new gutters, 2024 sealcoating, 2024 re-striped parking lot.
  1. Listed by Paul Proano • Coldwell Banker Commercial NRT
    P: (312)-860-4043 C: (312)-860-4043 paul@paulproanoproperties.com;paul@paulproanoproperties.com

Sold By Compass

Property Details for 109 Cary Street

Area
Cary / Oakwood Hills / Trout Valley
Township
Algonquin
Air Conditioning Type
Window Unit(s)
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 04/24/2025 08:44 AM

Property Details for 109 Cary Street

StatusClosed
MLS #12187349
Days on Market147
Taxes$15,512 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1865
Lot Size0.13 AC / 5,663 SF
CountyMcHenry County
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Building Information for 109 Cary Street

Stories2Residences7Year Built1865Building Size-Lot Size0.13 AC / 5,663 SF

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$4,968 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,675

Property Taxes

$1,293

HOA Dues

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Property Information for 109 Cary Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Type: Partially Finished, Exterior Entry, Concrete, Storage Space
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers, Fuses, Separate Meters
  • # Of Washers: 1
  • Heat/Ventilation: Central Heat/Indiv Controls,Radiators
  • # Of Window/Ac: 9
  • # Of Refrigerators: 7
  • Misc Inside: Furnished Units Available,Laundry Room
  • # Of Dryers: 1
  • Num of Baths: 7.0
Exterior Features
  • Building Unit Info: All Units Furnished,Fire Alarm
  • Misc Outside: Balcony/ies
Utilities / Equipment
  • Water: Municipal Water
  • Utilities: Sewer Connected, Water Available, Cable Available
Property/Lot Information
  • Tenant Pays: Electricity, Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Size Source: Other
  • Lot Dimensions: 85X65
  • Lot Size Square Feet: 5663.0
  • Stories: 2
  • Exterior Building Type: Other, Stucco
  • Construction: Other, Stucco
  • Roof Type: Composition
  • Fire Protection: Alarm Monitored,Fire Extinguisher/s
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 3600
  • # Of Ranges: 7
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 2
  • Document Date: 2025-01-20T16:58:55
  • Photos Count: 21
Miscellaneous
  • Current Use: Multi-Family
  • Location: Central Business District,Corner,Public Transport Avail,Enterprise Zone,In City Limits
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $999,999.00
  • Fuel Expense: $999,999.00
  • Gross Income: $95,786.00
  • Gross Scheduled Income: $95,786.00
  • Insurance Expense: $999,999.00
  • Maintenance Expense: $999,999.00
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Janitor Expense: 999999
  • Total Monthly Income: 7982
  • Net Operating Income: $58,164.00
  • Operating Expense: $22,110.00
  • Other Expense: $999,999.00
  • Trash Expense: $999,999.00
  • Water Sewer Expense: $999,999.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 1

Property History for 109 Cary Street

DateEvent & SourcePriceAppreciation
Apr 23, 2025

Sold

MRED #12187349

$737,500
Apr 4, 2025

Sold (Public Record)

Public Record #1556376028

$737,500

+4.8% / yr

Mar 11, 2025

Pending

MRED #12187349

DateEvent & SourcePrice
04/23/2025

Sold

MRED #12187349

$737,500
04/04/2025

Sold (Public Record)

Public Record #1556376028

$737,500

+4.8% / yr

03/11/2025

Pending

MRED #12187349

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 109 Cary Street

Taxable ValueLand$9,539Additions$177,834Total$187,373
Tax Record2024$15,779 ($1,315 / month)
Home Facts
Total Finished SqFt3,668 SqFtAbove Grade Finished SqFt3,668 SqFtStories2Lot Size5,676 SqFtStyleMulti-Family Dwelling (2-4)CountyMCHENRYAPN19-13-279-008

Schools near 109 Cary Street

This home is within Chsd 155 School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 12
Rating
School
Distance
Briargate Elementary School
Public1 to 5

Cary Jr High School
Public6 to 8

Cary-Grove Community High School
Public9 to 12

Trinity Oaks Christian Academy
PrivatePK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Coldwell Banker Commercial NRT

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 04/24/2025 08:44 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.