$737,500

109 Cary Street, Cary IL, 60013

Price per sqft$204.86

Built in1865

Property size3,600 sqft

Property typeMulti-family

Bought with Jacqueline Wendt with Compass and Listed by Paul Proano with Coldwell Banker Commercial NRT 312-860-4043

Overview

Sold

Closed

Listed Oct 16, 2024

Updated May 29

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.

Additional information

MLS^® ID: 12187349

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: Yes

Exterior Features

Lot Size: 0.13 Acres

Other Property Details

Taxes: $15,512
Tax Frequency: Annually
Maintenance Expense: $999,999
Municipality: Algonquin

Bought with Jacqueline Wendt with Compass and Listed by Paul Proano with Coldwell Banker Commercial NRT 312-860-4043

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Based on information submitted to the MLS GRID for MRED 5/29/2026. 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. 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

Data is refreshed every 3 hours. Listing last updated 2:21 PM UTC on 5/29/2026.

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