Residential Income Property with
For Sale
$225,000
Pending
1246 Prairie Avenue Unit A, Glendale Heights, IL 60139
A rear-positioned unit pairs in-home laundry with a private deck and garage.
Property Size800 SF
Days on Market12
Property Features for 1246 Prairie Avenue Unit A
General Information
Standard status
Pending
Size
800 SF
Total Parking Spaces
1
Property subtype
Quad-Ranch
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,562
Amenities
deck
laundry in unit
Building Details
Building Size
800 SF
Year Built
1973
Year Renovated
2025
Listing Agency:
@properties Christie's International Real Estate
(847) 627-9188
Listed By:
Fara Librizzi
Source:
Angelawalkerhomes
Added: Oct 18
Changed: Oct 26
Last Checked: Oct 26 at 2:06PM
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 @properties Christie's International Real Estate
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Investment Insights
Based on property information with market context.
This 800-square-foot residential unit has two bedrooms, in-unit laundry, and a one-car garage. Positioned at the rear of the building, it also includes a small deck. Updates completed in 2025 included new flooring and a new kitchen.
The building dates to 1973.
The building dates to 1973.
Key Highlights
- 800‑square‑foot unit with two bedrooms
- One‑car garage and laundry inside the unit
- Rear position in the building with a small deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,281
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,620
$185.6K
Cap Rate 7%
$132,586
$132.6K
Cap Rate 9%
$103,122
$103.1K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$18.1K $22.68/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$16.9K $21.09/SF
− OpEx
−$7.6K −$9.49/SF
NOI
$9.3K $11.60/SF
Area
DuPage County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,620
Cap Rate 7%
$132,586
Cap Rate 9%
$103,122
Alternative Uses
Best Use
Apartment 5plus
$132.6K
$116.0K – $154.7K
NOI $9,281 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$276.2K
$241.7K – $322.2K
NOI $19,334 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
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Business Placement
Demographics for 60139, IL
33,196
Population
11,882
Households
2.8
Avg Household Size
36
Median Age
30%
College-Educated
83%
High-School Grad
5.5 sq mi
ZIP Area
6,036
Density / Sq Mi
$81,996
Median Household Income
$41,752
Median Earnings
$1,558
Median Rent
$249,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A rear-positioned unit pairs in-home laundry with a private deck and garage.
Where is this residential income property located?
The property is located at 1246 Prairie Avenue Unit A Glendale Heights, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 800‑square‑foot unit with two bedrooms; One‑car garage and laundry inside the unit; Rear position in the building with a small deck
