Quadplex with Private
For Sale
$650,000
Pending
11702 Parkway Drive, Roscoe, IL 61073
MULTIFAMILY, ROSCOE, IL
Property Size4,898 SF
Days on Market93
Property Features for 11702 Parkway Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
RM - Multi
Bedrooms
9
Bathrooms
9
Full bathrooms
9
Rooms
Bedroom 3, Bedroom 6, Bathroom 8, Bedroom 5, Bathroom 1, Bathroom 6, Bathroom 5, Bathroom 7, Bathroom 4, Bedroom 8, Bedroom 7, Bathroom 2, Bedroom 4, Bathroom 9, Bedroom 9, Bathroom 3, Bedroom 2, Bedroom 1
Parking
8
Appliances
Refrigerator, Stove/Cooktop
Elementary school
Kinnikinnick
Middle school
Hononegah 207
High school
Hononegah High
Elementary school district
Hononegah 207
Middle school district
Hononegah 207
High school district
Hononegah 207
Subdivision
Winnebago County
Standard status
Pending
APN
0428378010
Size
4,898 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Per title
Tax Annual Amount
11552
Legal Description
Per title
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Amenities
balcony
Building Details
Year built
1994
Floors in Building
2
Number of units
4
Roof type
Shingle
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Ken Redeker · License #471012969
(815) 520-3995
Added: Jun 26
Changed: Sep 24
Last Checked: Sep 26 at 12:06AM
MLS# 202603850
Copyright © 2026 NorthWest Illinois Alliance of REALTORS. 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 4,898-square-foot quadplex, constructed in 1994, includes a living-area-over-garage configuration. Three apartments each offer two bedrooms, one-and-a-half bathrooms, and a two-car garage. The fourth residence provides three bedrooms and two-and-a-half bathrooms, with its former garage area incorporated into the living space and a separate two-car garage serving the unit. Each apartment also has a balcony.
Building systems and amenities include natural gas heat, central air conditioning, shingle roofing, refrigerators, and stove/cooktops. The property is located at 11702 Parkway Drive in Roscoe, Illinois.
Building systems and amenities include natural gas heat, central air conditioning, shingle roofing, refrigerators, and stove/cooktops. The property is located at 11702 Parkway Drive in Roscoe, Illinois.
Key Highlights
- 4,898‑square‑foot quadplex built in 1994
- Three units with 2 bedrooms, 1.5 bathrooms, and 2‑car garages
- Fourth unit includes 3 bedrooms, 2.5 bathrooms, and a stand‑alone 2‑car 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
$48,613
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
7.48%
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%
$972,260
$972.3K
Cap Rate 7%
$694,471
$694.5K
Cap Rate 9%
$540,144
$540.1K
Market Conditions
NOI Build-Up for 4,898 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
$75.2K $15.36/SF
− Vacancy
−$5.8K −$1.18/SF
EGI
$69.4K $14.18/SF
− OpEx
−$20.8K −$4.25/SF
NOI
$48.6K $9.93/SF
Area
Winnebago County, IL
Vacancy
7.69%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
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%
$972,260
Cap Rate 7%
$694,471
Cap Rate 9%
$540,144
Alternative Uses
Best Use
Multifamily LT 5
$694.5K
$607.7K – $810.2K
NOI $48,613 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$615.4K
$538.5K – $718.0K
NOI $43,077 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,454 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 61073, IL
19,936
Population
7,397
Households
2.7
Avg Household Size
42
Median Age
39%
College-Educated
96%
High-School Grad
27.9 sq mi
ZIP Area
715
Density / Sq Mi
$104,534
Median Household Income
$56,837
Median Earnings
$1,355
Median Rent
$228,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature individual balconies, garage accommodations, and central air conditioning.
Where is this quadplex located?
The property is located at 11702 Parkway Drive Roscoe, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,898‑square‑foot quadplex built in 1994; Three units with 2 bedrooms, 1.5 bathrooms, and 2‑car garages; Fourth unit includes 3 bedrooms, 2.5 bathrooms, and a stand‑alone 2‑car garage
