SOLD! Fully Leased 2-Flat Investment Property


  • Investment Sold
  • 197 McHenry Avenue, Crystal Lake, IL 60014.
  • Price: $159,000
  • 2,520 sq. ft.


  • 2 Fully Leased Apartments

1882 built farmhouse converted to a 2-flat.

1st floor unit has 4 bedrooms, 1 bath, living room and kitchen. Gets $1,000/mo.

2nd floor unit has 3 bedrooms, 1 bath, kitchen and living room and gets $600/mo.

Tenants pay electric and gas. 2 GFA furnaces and 2 water heaters installed in late 2005. Window a/c units belong to tenants. Stone foundation and basement. Deep yard for kids. Close to downtown. Crystal Lake Central High School, library, etc. Leases are up 9/30/17.  See operating statement and rent roll.



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