Building Details

Year Built 1959

Buildings 2

Listing Agency: Keller Williams Pinnacle

Listed By: Mandy McGuire · License #475 Show Phone

Source: Evrealestate

Added: May 29 Changed: Oct 14 Last Checked: Oct 14 at 10:51PM

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Investment Insights

Based on property information with market context.

This residential income property was built in 1959 and includes central air, forced-air heating, natural gas, and an electric water heater. The interior has an entry area and unfinished space, providing a straightforward existing configuration for residential use.

Vehicle storage and parking features include an attached garage, attached carport, enclosed access, a garage door opener, a lighted driveway, gravel surfaces, and off-street and on-street parking. The property is located in Dupo, within St. Clair County, with access from IL-255 via the Dupo exit and local roads including S Main Street, Columbia Road, and Park Avenue.

Key Highlights

• Residential income property built in 1959
• Attached garage and attached carport
• Central air with forced‑air heating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,297

Cap Rate

5.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$205,940 $205.9K

Cap Rate 7%

$147,100 $147.1K

Cap Rate 9%

$114,411 $114.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,386 SF

Gross rent

$20.0K $14.40/SF

− Vacancy

−$1.2K −$0.89/SF

EGI

$18.7K $13.51/SF

− OpEx

−$8.4K −$6.08/SF

NOI

$10.3K $7.43/SF

Area

St. Clair County, IL

Vacancy

6.20%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$205,940

Cap Rate 7%

$147,100

Cap Rate 9%

$114,411

Alternative Uses

Best Use

Apartment 5plus

$147.1K

$128.7K – $171.6K (±1% cap)

NOI $10,297 @ 7.0% cap · market cap 5.72%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$328.1K

$287.1K – $382.8K (±1% cap)

NOI $22,968 @ 7.0% cap · market cap 12.77%

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

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Hair Salon Parking Lot & Garage Spa & Massage Center Nail Salon

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

Location Intelligence

Trade Area within ½ mile

114

Businesses Nearby

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Demographics for 62239, IL

4,638

Population

1,813

Households

2.6

Avg Household Size

40

Median Age

18%

College-Educated

90%

High-School Grad

8.5 sq mi

ZIP Area

546

Density / Sq Mi

$57,793

Median Household Income

$32,933

Median Earnings

$935

Median Rent

$111,700

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - The property includes covered vehicle storage, central air, and a combination of forced-air and natural-gas systems.

Where is this residential income property located?

The property is located at 114 Park Avenue Dupo, IL.

What is the asking price?

The asking price for this property is $179,900.

What are key features of this property?

This property features: Residential income property built in 1959; Attached garage and attached carport; Central air with forced‑air heating