13 High Rd - Apartments FOR SALE


Cary, IL 60013
$700,000 USD
847-650-1552
13 High Rd, Cary, IL for Sale
$700,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

13 High Rd
Cary, IL 60013


HIGHLIGHTS

  • Four-unit multifamily investment property.
  • Three units were rehabilitated within the last year.
  • Solid all-brick construction built in 1952.
  • Located near downtown Cary amenities and services.
  • Convenient access to the Cary Metra station.
  • Corner lot with income-producing and redevelopment potential.

OVERVIEW

13 High Rd offers the opportunity to acquire a four-unit multifamily property in downtown Cary, Illinois. Constructed in 1952 with durable all-brick construction, the property combines existing rental income with future redevelopment potential. Recent capital improvements include the rehabilitation of three of the four apartment units, positioning the asset to support continued occupancy while reducing near-term renovation requirements. Located within Cary's established downtown area, the property benefits from proximity to local restaurants, retailers, community services, and the Cary Metra station. The walkable location provides residents with convenient access to commuter rail service and downtown amenities, supporting long-term tenant demand. Situated on a corner lot, the property also benefits from visibility and accessibility within the surrounding neighborhood. The asset consists of four residential units and offers investors the opportunity to acquire an income-producing property within a mature suburban market. In addition to its current residential use, the site's location near downtown Cary may appeal to purchasers evaluating future redevelopment or repositioning opportunities, subject to municipal approvals. The combination of recent unit upgrades, established rental income, and proximity to transportation infrastructure creates multiple pathways for ownership, whether focused on long-term cash flow, value-add execution, or future redevelopment.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

4

PRICE/UNIT

$175,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,061 SF

ZONING

R2

APN/PARCEL ID

19-13-276-017

ASK ABOUT THIS PROPERTY

John TrandelBaird & WarnerMore Info
847-650-1552

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John TrandelBaird & WarnerMore Info
847-650-1552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.