Ranch Duplex with
New
For Sale
$195,000
110 W 4T ST St, Jacob, IL 62281
MULTI_FAMILY - Ranch - St Jacob, IL
Property Size2,026 SF
Lot Size0.19 Acres
Price / SF$96.25
Days on Market4
Property Features for 110 W 4T ST St
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2
Subdivision
SCHROTHS ADD
Elementary school
TRIAD DIST 2
Middle school
TRIAD DIST 2
High school
Triad
Elementary school district
Triad DIST 2
Middle school district
Triad DIST 2
High school district
Triad DIST 2
Standard status
Active
APN
05-2-23-09-19-402-001
Size
2,026 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SCHROTHS ADD LOT 9-10 70X116.2
Tax Annual Amount
3157
Legal Description
SCHROTHS ADD LOT 9-10 70X116.2
Utilities
Cooling system
Central Air
Building Details
Year built
1947
Architectural style
Ranch
Listing Agency:
Re/Max Alliance · RE/MAX International
(618) 667-2111
Listed By:
Nicole Schweitzer · License #475166214
(618) 975-6043
Added: Aug 8
Changed: Aug 11
Last Checked: Aug 11 at 5:06PM
MLS# 26022879
Copyright © 2026 Mid America Regional Information Systems, Inc. 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.
This ranch-style duplex contains 2,026 square feet with two separate residences. The larger unit offers two bedrooms, one bathroom, a kitchen, laundry room, and a one-car garage. The second residence includes one bedroom and one bathroom and does not have a garage. Central air serves the property.
Built in 1947, the property sits on a 0.1867-acre lot in St Jacob, Illinois. A new roof is in place, the siding was replaced in July 2026, and a new garage door is planned. The two-unit layout provides distinct residential spaces within a compact multifamily property.
Built in 1947, the property sits on a 0.1867-acre lot in St Jacob, Illinois. A new roof is in place, the siding was replaced in July 2026, and a new garage door is planned. The two-unit layout provides distinct residential spaces within a compact multifamily property.
Key Highlights
- Two‑unit ranch duplex totaling 2,026 square feet
- Larger unit includes 2 bedrooms, 1 bathroom, laundry room, and 1‑car garage
- Second unit offers 1 bedroom and 1 bathroom without a garage
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
$15,729
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
8.07%
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%
$314,580
$314.6K
Cap Rate 7%
$224,700
$224.7K
Cap Rate 9%
$174,767
$174.8K
Market Conditions
NOI Build-Up for 2,026 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
$31.1K $15.36/SF
− Vacancy
−$2.5K −$1.24/SF
EGI
$28.6K $14.12/SF
− OpEx
−$12.9K −$6.35/SF
NOI
$15.7K $7.76/SF
Area
Jackson County, IL
Vacancy
8.10%
Lease Rate
$15.36 /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%
$314,580
Cap Rate 7%
$224,700
Cap Rate 9%
$174,767
Alternative Uses
Best Use
Multifamily LT 5
$258.1K
$225.8K – $301.1K
NOI $18,066 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$224.7K
$196.6K – $262.2K
NOI $15,729 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$552.2K
$483.2K – $644.3K
NOI $38,656 @ 7.0% cap · market cap 19.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 62281, IL
2,912
Population
1,103
Households
2.6
Avg Household Size
39
Median Age
37%
College-Educated
96%
High-School Grad
33.3 sq mi
ZIP Area
87
Density / Sq Mi
$122,679
Median Household Income
$66,493
Median Earnings
$1,328
Median Rent
$287,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit income property with central air and a one-car garage serving the larger residence.
Where is this duplex located?
The property is located at 110 W 4T ST St Jacob, IL.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two‑unit ranch duplex totaling 2,026 square feet; Larger unit includes 2 bedrooms, 1 bathroom, laundry room, and 1‑car garage; Second unit offers 1 bedroom and 1 bathroom without a garage
