Residential Income Property with
For Sale
$189,900
114 Park Avenue, Dupo, IL 62239
The property includes covered vehicle storage, central air, and a combination of forced-air and natural-gas systems.
Property Size1,386 SF
Price / SF$137.01
Days on Market85
Property Features for 114 Park Avenue
General Information
Standard status
Active
Size
1,386 SF
Total Parking Spaces
2
Property subtype
Residential Income
Net Operating Income
$26,958
Taxes and HOA fees
Annual Taxes
$2,542
Amenities
Street Lights
Central Air, Electric
Electric, Forced Air, Natural Gas
Interior Entry, Unfinished
Electric Water Heater
Attached, Attached Carport, Concrete, Covered, Driveway, Enclosed, Garage, Garage Door Opener, Garage Faces Front, Gravel, Inside Entrance, Lighted, Off Street, On Street
Lighting, Rain Gutters
Traditional
Building Details
Year Built
1959
Buildings
2
Listing Agency:
Keller Williams Pinnacle
(618) 558-1350
Listed By:
Mandy McGuire · License #RASI
(618) 558-1350
Source:
Evrealestate
Added: May 29
Changed: Aug 14
Last Checked: Aug 20 at 4:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Pinnacle
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.
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 = 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
$10,297
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
5.42%
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%
$205,940
$205.9K
Cap Rate 7%
$147,100
$147.1K
Cap Rate 9%
$114,411
$114.4K
Market Conditions
NOI Build-Up for 1,386 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
$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 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%
$205,940
Cap Rate 7%
$147,100
Cap Rate 9%
$114,411
Alternative Uses
Best Use
Apartment 5plus
$147.1K
$128.7K – $171.6K
NOI $10,297 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$328.1K
$287.1K – $382.8K
NOI $22,968 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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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 $189,900.
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
