Two-Story Residential Income
For Sale
$530,000
230 S Cass Avenue, Westmont, IL 60559
A main-level office or bedroom adds flexibility alongside three upstairs bedrooms and a full basement.
Property Size2,192 SF
Days on Market9
Property Features for 230 S Cass Avenue
General Information
Standard status
Active
Size
2,192 SF
Property subtype
1/2 Duplex
Taxes and HOA fees
Annual Taxes
$10,714
Building Details
Building Size
2,192 SF
Year Built
2018
Listing Agency:
Wirtz Real Estate Group Inc.
Listed By:
Kimberly Wirtz · License #471005499
(708) 516-3050
Source:
Loncarrealty
Added: Sep 24
Changed: Oct 2
Last Checked: Oct 1 at 6:23PM
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 Wirtz Real Estate Group Inc.
Investment Insights
Based on property information with market context.
Built in 2018, this two-story townhome has three upstairs bedrooms, each with a walk-in closet, plus a main-level office or bedroom. The primary suite includes a private bath with a walk-in shower. Interior features include 10-foot ceilings, hardwood flooring on the main level, quartz kitchen counters, a center island, and stainless steel appliances. A full basement has plumbing rough-ins, and the attached garage accommodates 2.5 cars.
The property is in Westmont, three blocks from the Metra station and near schools and parks. There is no HOA.
The property is in Westmont, three blocks from the Metra station and near schools and parks. There is no HOA.
Key Highlights
- Three upstairs bedrooms, each with a walk‑in closet
- Full basement with plumbing rough‑ins
- 10‑foot ceilings and hardwood flooring across the main level
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
$25,429
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
4.80%
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%
$508,580
$508.6K
Cap Rate 7%
$363,271
$363.3K
Cap Rate 9%
$282,544
$282.5K
Market Conditions
NOI Build-Up for 2,192 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
$49.7K $22.68/SF
− Vacancy
−$3.5K −$1.59/SF
EGI
$46.2K $21.09/SF
− OpEx
−$20.8K −$9.49/SF
NOI
$25.4K $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 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%
$508,580
Cap Rate 7%
$363,271
Cap Rate 9%
$282,544
Alternative Uses
Best Use
Apartment 5plus
$363.3K
$317.9K – $423.8K
NOI $25,429 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$756.8K
$662.2K – $882.9K
NOI $52,976 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 60559, IL
24,363
Population
11,105
Households
2.2
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
4.7 sq mi
ZIP Area
5,184
Density / Sq Mi
$87,474
Median Household Income
$53,980
Median Earnings
$1,491
Median Rent
$356,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A main-level office or bedroom adds flexibility alongside three upstairs bedrooms and a full basement.
Where is this residential income property located?
The property is located at 230 S Cass Avenue Westmont, IL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Three upstairs bedrooms, each with a walk‑in closet; Full basement with plumbing rough‑ins; 10‑foot ceilings and hardwood flooring across the main level
