Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Naperville Triplex with Rental Income Title is generated by Realmo AI

    840 N Center Street, Naperville, IL 60563

    View on Map
    Claim this Listing
    New
    For Sale
    $699,000

    MULTI_FAMILY - Naperville, IL

    Added:
    May 11, 2026
    Days on Market:
    3
    Last Refresh:
    May 13 at 4:06 am

    Property Features for 840 N Center Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 4
    Parking
    3
    Parking features
    Open, Garage
    Patio and Porch features
    Deck, Patio
    Basement
    Finished, Walk-Out Access, Full, Exterior Entry
    Standard status
    Active
    APN
    0807314002

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    10836

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1956

    We can help!

    Listing Contact
    Lisa Stover
    Lisa Stover

    Listing agent Lisa Stover

    Listing office Weichert, Realtors - Homes by Presto 24W500 Maple Ave Ste 110, Naperville, IL

    Listing date May 11, 2026

    MLS# 12645231 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑generating potential with three distinct living units.
    • Prime downtown Naperville location near the 5th Avenue Metra station.
    • Located within the highly sought‑after Naperville North High School district.
    • Three‑car garage rebuilt off the alley.
    • Each unit has a private rear entrance and abundant natural light.
    • Fully fenced yard.

    Overview

    This two-story home in downtown Naperville offers three distinct living units, suitable for generating rental income or accommodating multigenerational households. The two upper levels each feature 2 bedrooms, a full kitchen, living room, dining room, and bathroom, with freshly painted walls and millwork. The lower level provides a one-bedroom apartment with its own full kitchen and living spaces. Each unit has a private rear entrance and abundant natural light. The property includes a fully fenced yard and a rebuilt three-car garage off the alley. It is located within the Naperville North High School district and a short walk to the 5th Avenue Metra station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Will
    State
    Illinois
    Longitude
    -88.145395
    Latitude
    41.785316

    Nearby Similar for Sale

    • $870,000

      Renovated Office Building in Naperville

      Well-maintained office building with high traffic exposure in Naperville.
      849 N Ellsworth Street, Naperville, IL 60563
      View Details
    • $669,900

      Naperville Multi-Unit Investment Opportunity

      Multi-unit property in Naperville's Historic District, walk to everything!
      211 N Wright Street, Naperville, IL 60540
      View Details
    • $345,000

      Naperville Office Space For Sale

      Modern office space in a convenient Naperville location.
      1700 Park Street, Naperville, IL 60563
      View Details
    • $489,000

      Customized Car Condo with Mezzanine

      Unique storage and entertainment space in Naperville's Iron Gate community.
      2228 Ferry Road, Naperville, IL 60563
      View Details
    • $475,000

      Naperville Duplex Near Metra Station

      Redevelopment opportunity near downtown Naperville and Metra station.
      323 N Loomis Street, Naperville, IL 60540
      View Details
    • $185,000

      Established Restaurant Business For Sale

      Turnkey restaurant business with established reputation and clientele for sale.
      1995 Springbrook Square Drive, Naperville, IL 60564
      View Details
    • $550,000

      Luxury Automotive Gallery in Naperville

      Showroom-style motor condo with car lift, near I-88 and Route 59.
      2112 Ferry Road, Naperville, IL 60563
      View Details
    • $624,000

      Naperville Executive Office Space For Sale

      Professional office space in prime Naperville location, move-in ready.
      2272 95th Street 310, Naperville, IL 60564
      View Details
    • $619,000

      Professional Executive Office Space Available

      Remodeled office space in Naperville's growing business corridor.
      2272 95th Street, Naperville, IL 60564
      View Details
    • $3,950,000
      37,616 SF

      Naperville Office Building For Sale

      Well-located office building in Naperville, Illinois with strong demographics.
      1300 Iroquois Ave, Naperville, IL 60563
      View Details
    • $28
      52,101 SF

      Prime Retail and Restaurant Space

      Retail and restaurant spaces in a busy Naperville retail corridor.
      2764 Aurora Ave, Naperville, IL 60540
      View Details
    • $598,000

      Prime Office Condo in Naperville

      High-visibility office condo near downtown Naperville and Metra station.
      1001 E Chicago Avenue, Naperville, IL 60540
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Two-story triplex in downtown Naperville, ideal for rental income.
    Where is this multifamily property located?
    The property is located at 840 N Center Street Naperville, IL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Income‑generating potential with three distinct living units.; Prime downtown Naperville location near the 5th Avenue Metra station.; Located within the highly sought‑after Naperville North High School district.
    (630) 336-1820
    We can help!
    Listing Contact
    Lisa Stover
    Lisa Stover
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    840 N Center Street, Naperville, IL 60563
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!