247-253 N Cross Street Sycamore, IL 60178 • Multi Unit - Multiple • New $575,000

Description

Investor's dream! Well-maintained, maintenance-free brick and vinyl 4-unit investment property featuring four spacious units, each offering 2 bedrooms, 2 full baths, and an attached 1-car garage. At approximately 1,300 sq. ft. per unit, these apartments offer a townhome-like layout and size, making them highly desirable to tenants. This turnkey investment is designed for low-maintenance ownership, with each unit having its own private furnace, central A/C, hot water heater, water softener, washer, and dryer. Tenants pay all utilities, including gas, electric, water, sewer, and scavenger, maximizing owner cash flow. Ground-level units include concrete crawl spaces for additional storage. Built in 2005, this newer building has seen major recent improvements, including a new roof and siding (2023), newer furnaces and A/C units in the second-floor apartments (less than 3 years old), all new water softeners (2024), washers and dryers (2025), and all stoves recently replaced. Each unit features a spacious primary bedroom with private en-suite bath and walk-in closet. Kitchens are fully equipped with stove, refrigerator, and dishwasher. Situated on an oversized lot over 165 feet deep, the property offers a fenced yard and storage shed that will remain. Ideal for the armchair investor or owner-occupant looking to build wealth while living on-site. Unit 247 is month-to-month; Unit 251 lease expires 6/30/26; Units 249 and 253 are currently vacant for easy showings and immediate rental opportunity. Market rents estimated at $1,800-$1,900 for first-floor units and $1,700 for second-floor units. Strong rental demand with easy-to-rent units in a convenient location near downtown, shopping, and expressway access.

Property Highlights