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$539,000
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Property Description
23 single residence occupancy units in 2 story vintage downtown McHenry building with 20 units leased (87% occupancy). Units rented week to week or month to month. Laundry room. Separate 400 sf leasing/management office could be converted to apartment, store or office and further monetized. Close to commuter train and downtown restaurants. Potential for redevelopment or creative re-use. City in process of establishing TIF district and plans area capital improvements. Priced below local Assessor valuation. Management in place. Ask for rent roll and operating statement. 12.6% actual cap rate. This is an older Class C SRO building that needs work and is priced accordingly.
Full Property Details
Full Property Details for 3937 & 3939 Main St
General
- Price: $539,000
- HOA FEE: $3,000
- Taxes: $17,597 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12737348
Rental Information
- Lease/Rent Term: Month To Month
Interior
- Basement: Unfinished
- Interior Features: Furnished Units Available
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: Holiday Hills / Johnsburg / McHenry / Lakemoor / McCullom Lake / Sunnyside / Ringwood
- County: McHenry
- Township: McHenry
- Driving Directions: State Rt 31 to Main St. West on Main St to property on South side of street.
- Location Details: Central Business District, TIF Zone
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiant
Utilities
- Water: Municipal Water
- Trash: 1800
- Onsite: Sewer Connected
Structural Information
- Construction: Brick, Wood, Cedar
- Exterior Const.: Brick, Wood, Cedar
- Basement: Yes
- Basement Desc.: Unfinished
- Foundation: Concrete Perimeter
- Stories/Levels: 2
- Square Feet: 5,991
- Current Bldg. Use: Multi-Family
- Year Built: 1895
- Built Before 1978: Yes
Unit Information
- # Dryers: 1
Lot Features
- Lot Size (Acres): 0.22
- Lot Size (Sq. Ft.): 9,487
- Lot Dimensions: 90 x 24 x 149 x 166
- Frontage: City Street
- Potential Use: Commercial, Condominium, Multi-Family, Retail, Single Room Occupancy
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Maint. Fee: $3,000
- Insurance Fee: $8,400
- Operating Expenses: $60,645
- Other Fee: $16,245
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1895
- Tax Amount: $17,597
- Tax Year: 2025
- Tenant Pays: None
- Pays Electric: 8400
- Pays Trash: 1800
Disclosures and Reports
- Documents Avail.: Aerial Map, Rent Roll, Leases, Tax Bill, Backup Package, Operating Statement
- Property ID: 926355002
Listed by Premier Commercial Realty
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Schools
Schools serving 3937 & 3939 Main St
School Districts:McHenry Community High School District 156, McHenry Community Consolidated School District 15
| Name | Grades | Distance |
|---|---|---|
Riverwood Elementary School 300 South Driftwood Trail, McHenry, IL 60050 | K-5 | 1.7 mi |
Parkland School 1802 North Ringwood Road, McHenry, IL 60050 | 6-8 | 1.7 mi |
Mchenry High School-West Campus 4724 West Crystal Lake Road, McHenry, IL 60050 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Estimate the Cost
Estimate the Cost for 3937 & 3939 Main St
3937 & 3939 Main Street, McHenry, IL 60050 (MLS# 12737348) is a Commercial property. 3937 & 3939 Main Street is currently listed for $539,000 and was received on August 18, 2026. Want to learn more about 3937 & 3939 Main Street? Do you have questions about finding other Commercial real estate for sale in McHenry? You can browse all McHenry real estate or contact a Coldwell Banker agent to request more information.

