234 Main StWoodstock, IL 60098

Exceptional investment opportunity in downtown Woodstock, Illinois, presents a fully leased, four-unit mixed-use building at 234 Main Street / 235 N Benton Street. This unique property boasts 3,430 square feet situated on a 0.06-acre lot (APN 13-05-376-002) and zoned B2C. The building, constructed in 1890, features two stories and offers a blend of retail and residential space. The lower level comprises two retail units, one measuring 1,098 square feet and the other 792 square feet. Upstairs, two apartments, each with its own street entrance, provide 748 and 792 square feet of living space respectively. Each apartment includes a washer and dryer. The property benefits from prominent frontage on both Main Street and North Benton Street, placing it just a block from Woodstock Square. Currently, all four units are occupied under month-to-month leases at below-market rates, generating a current monthly rent of $2,900 ($34,800 annually). Tenants are responsible for gas and electric, with separately metered utilities. A pro forma analysis indicates that increasing lease rates to market value would support the asking price of $389,000, based on an 8.25% capitalization rate. This presents a compelling opportunity for significant rental income growth.