4-Unit
New
For Sale
$799,000
Pending
120 Caroline Court, Geneva, IL 60134
Each residence has central air and gas heat, with separate utilities and basement storage lockers.
Property Size3,200 SF
Days on Market5
Property Features for 120 Caroline Court
General Information
Standard status
Pending
Size
3,200 SF
Property subtype
Two to Four Units
Zoning
MULTI
Units
Multifamily Units
4
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$11,868
Amenities
central air
gas heat
lockers
Unfinished,Full
4
8
Cul-De-Sac,Irregular Lot
Public
7
80 X 145 X 110 X 168
No
TV-Cable,Sump Pump
Unassigned,Yes,Other
Concrete Perimeter
Building Details
Year Built
1960
Listing Agency:
RE/MAX Horizon
(331) 231-2914
Listed By:
Scott Lovellette
Source:
Redhawkrealtyil
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:04AM
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
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Investment Insights
Based on property information with market context.
This 3,200-square-foot quadplex in Geneva contains four units, each with central air and gas heat. Separate utilities serve the units, and basement lockers provide individual storage. The property also has a full, unfinished basement.
Three of the four units have undergone rehabilitation within the past eight years. Common-area carpet was installed in 2026, a brick front walkway and stoop were added in 2024, and the rear stoop was replaced in 2022. The building dates to 1960 and is zoned MULTI.
Three of the four units have undergone rehabilitation within the past eight years. Common-area carpet was installed in 2026, a brick front walkway and stoop were added in 2024, and the rear stoop was replaced in 2022. The building dates to 1960 and is zoned MULTI.
Key Highlights
- Four‑unit multifamily property totaling 3,200 square feet
- Three of the four units rehabilitated over the last 8 years
- Central air and gas heat in each unit; utilities are separate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,523
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,460
$830.5K
Cap Rate 7%
$593,186
$593.2K
Cap Rate 9%
$461,367
$461.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$64.1K $20.04/SF
− Vacancy
−$4.8K −$1.50/SF
EGI
$59.3K $18.54/SF
− OpEx
−$17.8K −$5.56/SF
NOI
$41.5K $12.98/SF
Area
Kane County, IL
Vacancy
7.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,460
Cap Rate 7%
$593,186
Cap Rate 9%
$461,367
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
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Business Placement
Demographics for 60134, IL
30,503
Population
11,159
Households
2.7
Avg Household Size
42
Median Age
66%
College-Educated
97%
High-School Grad
14.6 sq mi
ZIP Area
2,089
Density / Sq Mi
$148,283
Median Household Income
$66,586
Median Earnings
$1,816
Median Rent
$427,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has central air and gas heat, with separate utilities and basement storage 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 multifamily property totaling 3,200 square feet; Three of the four units rehabilitated over the last 8 years; Central air and gas heat in each unit; utilities are separate
