Six-Unit Apartment
New
For Sale
$875,000
443 Des Plaines Ave, Forest Park, IL 60130
Select renovations, laundry, and surface parking support the property’s residential rental configuration.
Days on Market3
Property Features for 443 Des Plaines Ave
General Information
Standard status
Active
Total Parking Spaces
4
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA garden, 4 x 1BR/1BA, 1 x studio garden
Multifamily Units
6
Additional Details
Cap Rate
6.16%
Amenities
laundry area
Desirable Forest Park Rental Market
Legal Non-Conforming Six Unit Apartment Property
Large, Open Concept Layouts
Upside in Rent
Four On-Site Surface Parking Spaces
Close Proximity to Interstate 290 and Public Transportation
Building Details
Building Size
4,700 SF
Listing Agency:
(630) 570-2157
Listed By:
Eric Bell · License #License(s): IL: 475.144220
(630) 570-2157
Source:
Marcusmillichap
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 2:15AM
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 Eric Bell
Investment Insights
Based on property information with market context.
443 Des Plaines Avenue is a legal non-conforming six-unit apartment property in Forest Park, Illinois. The unit mix includes one one-bedroom, one-bathroom garden unit of approximately 550 square feet; four one-bedroom, one-bathroom units ranging from approximately 850 to 1,000 square feet; and one legal non-conforming studio garden unit of approximately 450 square feet. Select renovations include granite countertops, hardwood floors, and new kitchen cabinets. Additional unit features include a sun parlor, fireplace, tall ceilings, and upgraded fixtures. On-site amenities include four surface parking spaces and a laundry area.
The property is approximately 10 miles west of downtown Chicago and offers access to Interstate 290. The CTA Forest Park Blue Line Station is located one-half mile south, while the River Forest Metra Station is approximately one mile away. CTA and Pace bus service also serve the area, and O’Hare and Midway Airports are each approximately 12 miles from the property.
The property is approximately 10 miles west of downtown Chicago and offers access to Interstate 290. The CTA Forest Park Blue Line Station is located one-half mile south, while the River Forest Metra Station is approximately one mile away. CTA and Pace bus service also serve the area, and O’Hare and Midway Airports are each approximately 12 miles from the property.
Key Highlights
- Legal non‑conforming six‑unit apartment property at 443 Des Plaines Avenue
- Unit mix includes one 550‑square‑foot one‑bedroom garden unit, four one‑bedroom units from approximately 850 to 1,000 square feet, and one 450‑square‑foot studio garden unit
- Select renovations include granite countertops, hardwood floors, and new kitchen cabinets
Financial Insights For Apartment 5plus
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 | $89.7k | $19.08 |
| − Vacancy | −$5.8k | −$1.24 |
| EGI | $83.8k | $17.84 |
| − OpEx | −$37.7k | −$8.03 |
| NOI | $46.1k | $9.81 |
4,700 SF · lease $19.08/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$658.8K
$576.5K – $768.6K
NOI $46,116 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,008 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
Explore this area
Business Placement
Demographics for 60130, IL
14,346
Population
7,777
Households
1.8
Avg Household Size
42
Median Age
50%
College-Educated
95%
High-School Grad
2.8 sq mi
ZIP Area
5,124
Density / Sq Mi
$81,323
Median Household Income
$61,518
Median Earnings
$1,352
Median Rent
$293,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Select renovations, laundry, and surface parking support the property’s residential rental configuration.
Where is this apartment building located?
The property is located at 443 Des Plaines Ave Forest Park, IL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Legal non‑conforming six‑unit apartment property at 443 Des Plaines Avenue; Unit mix includes one 550‑square‑foot one‑bedroom garden unit, four one‑bedroom units from approximately 850 to 1,000 square feet, and one 450‑square‑foot studio garden unit; Select renovations include granite countertops, hardwood floors, and new kitchen cabinets
