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730 N Seminary - Rogers Hall Apartments, Woodstock, IL

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730 N Seminary - Rogers Hall Apartments

Woodstock, IL 60098 - Western McHenry County MF Submarket


Property Type:Multi-Family Number of Units:13 Status:Existing Year Built:1910
Stories:4 Building Size:12,700 SF Land Area:1.65 AC (71,874 SF)
For Sale Price:$1,000,000 Price/Unit:$76,923.08 Cap Rate:7.11 % GRM:7.45

Parking:3.92 Parking Spaces / 1,000 SF


Roger's Hall Apartments is a 13 unit apartment complex in the community of Woodstock. Located 40 miles from O'Hare and 35 miles from Rockford, this historic city is the county seat for McHenry County. The property is located at the intersection of Route 47 and Route 176 just north of downtown Woodstock. The property includes 11 two bedroom, one bath units (approx. 900 sf), 1 one bedroom, one bath unit (approx. 700 sf) and 1 three bedroom, one bath unit (approx. 2,100 sf.) The property has gas fired individual heat with tenants paying for heat, hot water and central air. The 2nd, 3rd and 4th floors have 12 foot ceilings. The windows and the roof have been replaced in the early 1990's. Additionally, the wiring, plumbing, kitchens, and baths were also remodeled in the early 1090's. There is a fire sprinkler system throughout the property including the unit interior. The property has ample parking which includes 9 detached garages. The owner has drawings for an additional 7 units which can be constructed on the property. This is an excellent opportunity for an apartment owner or a condo converter to own a historic property.

Expense Breakdown is as follows:
Real Estate Taxes: $21,000
Insurance: $5,067
Utilities: $1,947
Management Fee Reserves: $1,800
Repair/Maintenance: $1,284
Contract Services: $879
Office/Admin: $1,041
Supplies/Other: $534
Total Other Expenses: $2,094

Expense figures as reported by listing broker.


Marcus & Millichap
David Tarnoff
(312) 624-7017




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