Eight-Unit Apartment
For Sale
$960,000
Pending
5553 Andrews Drive, Roscoe, IL 61073
MULTIFAMILY, ROSCOE, IL
Property Size7,912 SF
Days on Market33
Property Features for 5553 Andrews Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
14
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 11, Bedroom 5, Bathroom 5, Bedroom 9, Bedroom 3, Bedroom 1, Bedroom 12, Bedroom 8, Bedroom 13, Bedroom 6, Bathroom 4, Basement, Bedroom 7, Bedroom 10, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 14
Parking
8
Appliances
Refrigerator, Stove/Cooktop
Elementary school
Kinnikinnick
Middle school
Roscoe Middle
High school
Hononegah High
Elementary school district
Hononegah 207
Middle school district
Hononegah 207
High school district
Hononegah 207
Subdivision
Winnebago County
Standard status
Pending
APN
0428451004
Size
7,912 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Per title
Tax Annual Amount
18484
Legal Description
Per title
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1994
Floors in Building
2
Number of units
8
Roof type
Shingle
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Ken Redeker · License #471012969
(815) 520-3995
Added: Aug 25
Changed: Sep 24
Last Checked: Sep 26 at 2:06AM
MLS# 202605366
Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1994, this 7,912-square-foot apartment property contains eight units: six two-bedroom residences and two three-bedroom residences. The building also offers an eight-car garage and additional parking. Listed appliances include refrigerators and stove/cooktops, while building systems include natural-gas forced-air heating and central air conditioning.
Property improvements include new shingles and gutters completed in 2023, along with replacements of multiple furnaces, air-conditioning units, appliances, and water heaters. The property is located in Roscoe, Illinois, at 5553 Andrews Drive.
Property improvements include new shingles and gutters completed in 2023, along with replacements of multiple furnaces, air-conditioning units, appliances, and water heaters. The property is located in Roscoe, Illinois, at 5553 Andrews Drive.
Key Highlights
- Eight units with six two‑bedroom residences and two three‑bedroom residences
- 7,912 square feet with an eight‑car garage and additional parking
- New shingles and gutters completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,585
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,391,700
$1.4M
Cap Rate 7%
$994,071
$994.1K
Cap Rate 9%
$773,167
$773.2K
Market Conditions
NOI Build-Up for 7,912 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$137.7K $17.40/SF
− Vacancy
−$11.2K −$1.41/SF
EGI
$126.5K $15.99/SF
− OpEx
−$56.9K −$7.20/SF
NOI
$69.6K $8.79/SF
Area
Winnebago County, IL
Vacancy
8.10%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,391,700
Cap Rate 7%
$994,071
Cap Rate 9%
$773,167
Alternative Uses
Best Use
Apartment 5plus
$994.1K
$869.8K – $1.16M
NOI $69,585 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $150,961 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 61073, IL
19,936
Population
7,397
Households
2.7
Avg Household Size
42
Median Age
39%
College-Educated
96%
High-School Grad
27.9 sq mi
ZIP Area
715
Density / Sq Mi
$104,534
Median Household Income
$56,837
Median Earnings
$1,355
Median Rent
$228,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Established multifamily asset with on-site garage parking, updated building components, and natural-gas forced-air systems.
Where is this apartment building located?
The property is located at 5553 Andrews Drive Roscoe, IL.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Eight units with six two‑bedroom residences and two three‑bedroom residences; 7,912 square feet with an eight‑car garage and additional parking; New shingles and gutters completed in 2023
