Building Details

Building Size 2,440 SF

Year Built 1908

Stories 2

Listing Agency: SVN | Landmark Commercial Real Estate

Listed By: Jeff Cadwallader · License #475116201 Show Phone

Source: Thebrokerlist

Added: Feb 18 Changed: Oct 5 Last Checked: Oct 16 at 5:41AM

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Investment Insights

Based on property information with market context.

This 2,440-square-foot quadplex in Geneva, Illinois, contains four residential units within a two-story building constructed in 1908. The property is currently 100% occupied and includes off-street parking. Its early-twentieth-century construction provides established architectural character while supporting a four-unit residential configuration.

The property is located at 101 N 1st St, one block from the Fox River and downtown Geneva. State Street, identified as IL Rt 38, is one block south, providing access through the downtown area and to major thoroughfares. Public parks, bike paths, restaurants, shops, and other local amenities are nearby.

Key Highlights

• Four‑unit quadplex with 2,440 SF of building area
• Two‑story construction dating to 1908
• Currently 100% occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,661

Cap Rate

5.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$633,220 $633.2K

Cap Rate 7%

$452,300 $452.3K

Cap Rate 9%

$351,789 $351.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,440 SF

Gross rent

$48.9K $20.04/SF

− Vacancy

−$3.7K −$1.50/SF

EGI

$45.2K $18.54/SF

− OpEx

−$13.6K −$5.56/SF

NOI

$31.7K $12.98/SF

Area

Kane County, IL

Vacancy

7.50%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$633,220

Cap Rate 7%

$452,300

Cap Rate 9%

$351,789

Alternative Uses

Best Use

Multifamily LT 5

$452.3K

$395.8K – $527.7K (±1% cap)

NOI $31,661 @ 7.0% cap · market cap 5.41%

Second Best

Apartment 5plus

$404.4K

$353.8K – $471.8K (±1% cap)

NOI $28,306 @ 7.0% cap · market cap 4.84%

Theoretical Best

Office A

$842.4K

$737.1K – $982.8K (±1% cap)

NOI $58,969 @ 7.0% cap · market cap 10.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Auto Parts Store Pharmacy Grocery & Convenience Store Daycare Center Storage Facility Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

1,787

Businesses Nearby

Explore this area Business Placement

Demographics for 60134, IL

30,503

Population

11,159

Households

2.7

Avg Household Size

42

Median Age

66%

College-Educated

97%

High-School Grad

14.6 sq mi

ZIP Area

2,089

Density / Sq Mi

$148,283

Median Household Income

$66,586

Median Earnings

$1,816

Median Rent

$427,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Two-story building with off-street parking and full occupancy.

Where is this quadplex located?

The property is located at 101 N 1st St Geneva, IL.

What is the asking price?

The asking price for this property is $585,000.

What are key features of this property?

This property features: Four‑unit quadplex with 2,440 SF of building area; Two‑story construction dating to 1908; Currently 100% occupied