Four-Unit Residential Income
120 Caroline Court Geneva, IL 60134
120 Caroline Court, Geneva, IL, 60134
$799,000
For Sale
$799,000
Four units feature central air, gas heat, and separate utilities with basement lockers.
Property Size3,200 SF
Price / SF$249.69
Days on Market27
Property Features for 120 Caroline Court
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Two to Four Units / 4 Flat
Building Details
- Year Built
- 1960
Listing agency
RE/MAX Horizon
(847) 293-0501
Listed by
Enrique Aguilar · License #475138061
(847) 293-0501
Source
Compass
Added: Jun 25 Updated: Jul 21 at 2:27PM Checked: Jul 21 at 2:27PM
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 RE/MAX Horizon
Investment Insights
Based on property information with market context.
This four-unit residential income property offers a total of four separate units, each with central air and gas heat. Over the last eight years, three of the four units have been rehabbed. Recent improvements include new common area carpeting in 2026, a newer (2024) brick walkway and front stoop, and a rear stoop replacement in 2022. The building also includes separate utilities and basement lockers for the individual units.
The property is located on the east side of Geneva. The front brick walkway and stoop lead to a shared common area, while each unit maintains separate service and storage via the basement.
With dedicated utilities and functional shared/common improvements already in place, the building is well suited for buyers seeking a four-unit configuration with central comfort systems across the units.
The property is located on the east side of Geneva. The front brick walkway and stoop lead to a shared common area, while each unit maintains separate service and storage via the basement.
With dedicated utilities and functional shared/common improvements already in place, the building is well suited for buyers seeking a four-unit configuration with central comfort systems across the units.
Key Highlights
- Four‑unit property built in 1960, with each unit having separate utilities
- Each unit includes central air and gas heat
- 3 of the 4 units have been rehabbed over the last 8 years
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.1k | $20.04 |
| − Vacancy | −$4.8k | −$1.50 |
| EGI | $59.3k | $18.54 |
| − OpEx | −$17.8k | −$5.56 |
| NOI | $41.5k | $12.98 |
3,200 SF · lease $20.04/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$593.2K
$519.0K – $692.1K
NOI $41,523 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$530.3K
$464.0K – $618.7K
NOI $37,123 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$1.10M
$966.7K – $1.29M
NOI $77,337 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four units feature central air, gas heat, and separate utilities with basement lockers.
Where is this quadplex located?
The property is located at 120 Caroline Court Geneva, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑unit property built in 1960, with each unit having separate utilities; Each unit includes central air and gas heat; 3 of the 4 units have been rehabbed over the last 8 years
