3937-3939 Main St 23 Unité Immeuble d’appartements 746 585 $ CAD (32 460 $ CAD/Unité) 13,40% Taux de capitalisation McHenry, IL 60050

3937-3939 Main Street presents an opportunity to acquire a vintage multifamily asset in downtown McHenry. The two-story property contains 23 single-resident occupancy units, with 20 units currently leased, providing in-place occupancy and operational history. The property also includes a separate leasing and management office that may offer future flexibility for alternative uses, subject to local approvals.
Located within McHenry's downtown district, the property benefits from proximity to local restaurants, services, and commuter rail access, supporting tenant convenience and accessibility. The surrounding area continues to receive municipal attention, with plans for area improvements and the establishment of a Tax Increment Financing (TIF) district referenced in the offering materials. These factors may contribute to future redevelopment or repositioning considerations.
The asset features on-site laundry facilities, hot water radiant heat, private and common washrooms, and a combination of on-site and street parking. Current operations are supported by existing management, and the property is offered as an income-producing investment with potential upside through continued leasing activity, operational efficiencies, or future adaptive reuse opportunities. The combination of existing occupancy, downtown location, and flexibility for future use creates a compelling opportunity for investors seeking a multifamily asset in McHenry.