FOR SALE
$750,000

1115-1127 S Cross St
Sycamore, IL 60178

Multi-Family
Residence
1
bed
1
Baths
650
Sq. Ft.
2.5
Acre Lot
1of
Photos
Map
Courtesy: Century 21 Affiliated Pfister
CB The Realty Group> Illinois> Sycamore> 60178
32 Unit apartment complex in Sycamore, IL 16-1 bedroom units, 16-2 bedroom units. Tenants pay electric heat. Large 2.5 acre lot, 4 washers & 4 dryers are leased. Property in the USDA Rural Development Low Income Housing Program. Property is required to stay in the RD program until 2035. This RD program allows renting only to low income tenants. Rents are controlled. Profit limited to $4380 per year. Must be professionally managed. Purchase: NO NEW LOANS can be taken on this property. Buyer assumes current mortgage of (approx.$300K) and brings cash to closing equal to difference between purchase price and mortgage balance. See documents for details.
1925304
Multi-Family, 2 Story
1
Dekalb
1 Full
1984
2.5 Acres
2
Wood
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