6-Unit Apartment
14 N Martha Street, Lombard, IL 60148
For Sale
$1,099,900
Six apartments include basement laundry, individual storage closets, and a rear parking lot.
Property Size3,654 SF
Price / SF$301.01
Days on Market11
Property Features for 14 N Martha Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
coin laundry
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Berkshire Hathaway HomeServices Prairie Path REALT
Listed By:
Michael Muisenga
(630) 279-9500
Source:
Icandyrealty
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 8 at 2:50PM
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 Berkshire Hathaway HomeServices Prairie Path REALT
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Investment Insights
Based on property information with market context.
This 1965 apartment building contains six units: five with two bedrooms and one bathroom, plus a one-bedroom, one-bathroom apartment. The property totals 3,654 square feet and has boiler heat, wall-sleeve air conditioners, and kitchens equipped with gas ranges, wall ovens, and refrigerators. Basement amenities include owned coin-operated laundry and janitorial-supply storage; an outdoor shed provides additional storage. Tenants pay their own electric service.
A rear parking lot provides eight spaces. One two-bedroom apartment is vacant and has been freshly painted, with hardwood floors exposed. The building is within walking distance of downtown Lombard and its Metra station.
A rear parking lot provides eight spaces. One two-bedroom apartment is vacant and has been freshly painted, with hardwood floors exposed. The building is within walking distance of downtown Lombard and its Metra station.
Key Highlights
- Six apartments: five two‑bedroom units and one one‑bedroom unit
- 3,654‑square‑foot building, constructed in 1965
- Boiler heat and wall‑sleeve air conditioners
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,389
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,780
$847.8K
Cap Rate 7%
$605,557
$605.6K
Cap Rate 9%
$470,989
$471.0K
Market Conditions
NOI Build-Up for 3,654 SF
Gross rent
$82.9K $22.68/SF
− Vacancy
−$5.8K −$1.59/SF
EGI
$77.1K $21.09/SF
− OpEx
−$34.7K −$9.49/SF
NOI
$42.4K $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%
$847,780
Cap Rate 7%
$605,557
Cap Rate 9%
$470,989
Alternative Uses
Best Use
Apartment 5plus
$605.6K
$529.9K – $706.5K
NOI $42,389 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,309 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
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Business Placement
Demographics for 60148, IL
52,794
Population
21,744
Households
2.4
Avg Household Size
40
Median Age
48%
College-Educated
96%
High-School Grad
13.8 sq mi
ZIP Area
3,826
Density / Sq Mi
$96,606
Median Household Income
$53,675
Median Earnings
$1,805
Median Rent
$328,600
Median Home Value
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Market
Properties on Market for Apartment buildings in DuPage County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Six apartments include basement laundry, individual storage closets, and a rear parking lot.
Where is this apartment building located?
The property is located at 14 N Martha Street Lombard, IL.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: Six apartments: five two‑bedroom units and one one‑bedroom unit; 3,654‑square‑foot building, constructed in 1965; Boiler heat and wall‑sleeve air conditioners
