130 Washington St - Apartments FOR SALE


Woodstock, IL 60098
$1,099,000 USD
779-205-6095
130 Washington St, Woodstock, IL for Sale
$1,099,000 USD
Apartments - FOR SALE
1/9
null | 7.33% Cap Rate

130 Washington St
Woodstock, IL 60098


HIGHLIGHTS

  • 130 Washington Street presents a 7,054-square-foot MFR asset with eight one-bed/ one-bath units, one commercial unit, and one vacant lot.
  • Located in McHenry County’s TIF District and Enterprise Zone, supporting tax benefits and future value-add redevelopment.
  • Fully leased and generating over $110K in gross income, this hands-off opportunity is ideal for an investor looking to grow a portfolio.
  • Located 60 miles from Chicago’s iconic Loop, Woodstock has a lively small-town appeal with recreational opportunities and seasonal events.
  • Adjacent to the Woodstock Historic District, renowned for its cinemas, opera house, event venue, and local dining and entertainment spots.
  • Easily accessible near the intersection of US 14 Business Route and Washington Street, tenants benefit from dedicated on-site parking.

OVERVIEW

Berkshire Hathaway Stark Realtors proudly presents the investment opportunity to acquire 130 Washington Street, a fully leased and income-generating multifamily building with an attached commercial unit and included land lot. 130 Washington Street is a 7,054-square-foot, two-story brick apartment building with eight one-bedroom/ one-bathroom units. All units are fully leased, and residents share laundry and storage areas. Attached to the apartments is a smaller commercial unit, occupied by a local printing tenant. Additionally, there is a 0.07-acre gravel land lot, currently utilized for additional parking. The lot is zoned for commercial business, enabling future value-add via development of another commercial space or paving and metered parking for additional cash flow. The subject is situated in a premier location in the heart of Downtown Woodstock, within a TIF District and Enterprise Zone, which supports significant tax incentives and future development potential. Tenants are just a few steps from the Metra train station, providing a convenient way to access the Chicago metro, located roughly 60 miles southeast. Paired with the Metra are a variety of bus stops, both surrounding the square and lining US Highway 14, where Northwestern Medicine Woodstock Hospital is 5 miles south. Residents of Woodstock enjoy the close-knit atmosphere of the community, which features annual and seasonal events, outdoor recreation, shopping, local arts, cuisine, and more. There are approximately 162,615 residents within a 10-mile radius, with an average household income of $111,939. The realm generates a robust consumer spending power of more than $2.1 billion. Inquire today to learn more about this multifaceted investment with a diverse and stable income stream.

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

9

PRICE/UNIT

$122,111

CAP RATE

7.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

B3 | B2C

APN/PARCEL ID

13-05-304-007,13-05-304-008

ASK ABOUT THIS PROPERTY

Megan LiebetrauBerkshire Hathaway Stark RealtorsMore Info
779-205-6095

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Megan LiebetrauBerkshire Hathaway Stark RealtorsMore Info
779-205-6095

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