Two-Unit Flex
For Sale
$824,000
4619 N 25th Ave., Schiller Park, IL 60176
Two-unit flex property with one tenant in place and one vacant unit for an owner or additional tenant.
Property Size12,050 SF
Days on Market24
Property Features for 4619 N 25th Ave.
General Information
Standard status
Active
Size
12,050 SF
Property subtype
Industrial
Additional Details
Multifamily Units
2
Building Details
Building Size
12,050 SF
Tenancy
Multi
Listing Agency:
Brown Commercial Group Inc
(847) 758-9200
Listed By:
Trinity Scurto, SIOR
Source:
Browncommercialgroup
Added: Jul 25
Changed: Aug 16
Last Checked: Aug 17 at 5:00AM
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 Brown Commercial Group Inc
Investment Insights
Based on property information with market context.
This two-unit flex property features a straightforward configuration with one unit currently occupied by a tenant and a second unit that is vacant. The building is offered for sale with the opportunity to maintain existing occupancy while positioning the vacant space for an owner-occupant or an additional tenant.
The property is located at 4619 N. 25th Ave. in Schiller Park, Illinois.
The property is located at 4619 N. 25th Ave. in Schiller Park, Illinois.
Key Highlights
- 2‑unit property with a tenant in place in one unit
- One unit is vacant, offering space for an owner or additional tenant
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
$51,871
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
6.30%
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%
$1,037,420
$1.0M
Cap Rate 7%
$741,014
$741.0K
Cap Rate 9%
$576,344
$576.3K
Market Conditions
NOI Build-Up for 12,050 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
$78.1K $6.48/SF
− Vacancy
−$4.0K −$0.33/SF
EGI
$74.1K $6.15/SF
− OpEx
−$22.2K −$1.84/SF
NOI
$51.9K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /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%
$1,037,420
Cap Rate 7%
$741,014
Cap Rate 9%
$576,344
Alternative Uses
Best Use
Flex RnD
$1.81M
$1.59M – $2.11M
NOI $126,887 @ 7.0% cap · market cap 15.40%
Second Best
Industrial
$741.0K
$648.4K – $864.5K
NOI $51,871 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$4.16M
$3.64M – $4.85M
NOI $291,222 @ 7.0% cap · market cap 35.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60176, IL
11,714
Population
4,423
Households
2.6
Avg Household Size
39
Median Age
28%
College-Educated
87%
High-School Grad
2.5 sq mi
ZIP Area
4,686
Density / Sq Mi
$67,473
Median Household Income
$41,106
Median Earnings
$1,214
Median Rent
$276,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-unit flex property with one tenant in place and one vacant unit for an owner or additional tenant.
Where is this flex space located?
The property is located at 4619 N 25th Ave. Schiller Park, IL.
What is the asking price?
The asking price for this property is $824,000.
What are key features of this property?
This property features: 2‑unit property with a tenant in place in one unit; One unit is vacant, offering space for an owner or additional tenant
