Two-Unit
For Sale
$475,000
Pending
16w740 56th Place, Clarendon Hills, IL 60514
Both residences have three bedrooms and require comprehensive renovation, with the property offered in its current condition.
Property Size2,863 SF
Days on Market9
Property Features for 16w740 56th Place
General Information
Standard status
Pending
Size
2,863 SF
Property subtype
Two to Four Units
Property Condition
Severity
Major Repairs Needed
Evidence
The building is in need of a full renovation
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,078
Amenities
2
6
Public
4
75X132X75X132
No
Yes,Garage Owned,Detached,Off Street,Driveway,Owned,Garage
Building Details
Year Built
1966
Listing Agency:
(708) 787-2808
Listed By:
Gianni Davila
Source:
Kawashgroup
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:55PM
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 Gianni Davila
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Investment Insights
Based on property information with market context.
This 2,863-square-foot duplex contains two residences, each configured with three bedrooms and one full bathroom. The building dates to 1966 and requires a full renovation; the sale is on an as-is basis. A detached garage and driveway provide on-site vehicle storage at 16W740 56th Place in Clarendon Hills, Illinois.
Key Highlights
- Two residences, each with 3 bedrooms and 1 full bathroom
- 2,863‑square‑foot building constructed in 1966
- Full renovation required; sale is on an as‑is basis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,150
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,000
$743.0K
Cap Rate 7%
$530,714
$530.7K
Cap Rate 9%
$412,778
$412.8K
Market Conditions
NOI Build-Up for 2,863 SF
Gross rent
$57.4K $20.04/SF
− Vacancy
−$4.3K −$1.50/SF
EGI
$53.1K $18.54/SF
− OpEx
−$15.9K −$5.56/SF
NOI
$37.2K $12.98/SF
Area
DuPage 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%
$743,000
Cap Rate 7%
$530,714
Cap Rate 9%
$412,778
Alternative Uses
Best Use
Multifamily LT 5
$530.7K
$464.4K – $619.2K
NOI $37,150 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$474.5K
$415.2K – $553.6K
NOI $33,213 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$988.5K
$864.9K – $1.15M
NOI $69,192 @ 7.0% cap · market cap 14.57%
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
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Business Placement
Demographics for 60514, IL
10,320
Population
4,030
Households
2.6
Avg Household Size
41
Median Age
74%
College-Educated
99%
High-School Grad
2.0 sq mi
ZIP Area
5,160
Density / Sq Mi
$114,672
Median Household Income
$75,028
Median Earnings
$1,195
Median Rent
$568,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms and require comprehensive renovation, with the property offered in its current condition.
Where is this duplex located?
The property is located at 16w740 56th Place Clarendon Hills, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 full bathroom; 2,863‑square‑foot building constructed in 1966; Full renovation required; sale is on an as‑is basis
