8-Unit Brick Apartment
240 W Quincy Street, Westmont, IL 60559
For Sale
Contact for pricing
Two single-story buildings provide direct-entry residences, shared laundry, and on-site parking.
Property Size8,712 SF
Lot Size0.40 Acres
Price / SF$186.52
Days on Market36
Property Features for 240 W Quincy Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
on-site laundry facility
Building Details
Buildings
Stories
Construction
Listing Agency:
Horvath & Tremblay
Listed By:
John Przybyla · License #471010441
(312) 533-8899
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 4:13PM
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 Horvath & Tremblay
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Investment Insights
Based on property information with market context.
This apartment property comprises two single-story brick buildings with eight residences and 6,400 square feet of living area within 8,712 square feet of total gross area. The unit mix includes six 2-bedroom/1-bathroom apartments and two 1-bedroom/1-bathroom apartments. Direct-entry layouts, an on-site laundry facility, and eight parking spaces serve the buildings, which occupy a combined 0.40 acres.
The property is in Westmont, about 18 miles west of downtown Chicago. The Westmont Metra Station is nearby, and a Pace bus line is within walking distance. Cass Avenue and Ogden Avenue (US Route 34) are identified as the area's primary commercial corridor, with retailers and restaurants along both roads. Interstate access includes I-88, I-355, I-294, and I-55.
The property is in Westmont, about 18 miles west of downtown Chicago. The Westmont Metra Station is nearby, and a Pace bus line is within walking distance. Cass Avenue and Ogden Avenue (US Route 34) are identified as the area's primary commercial corridor, with retailers and restaurants along both roads. Interstate access includes I-88, I-355, I-294, and I-55.
Key Highlights
- Two single‑story brick buildings with 8 residential units
- Unit mix: six 2‑bedroom/1‑bathroom apartments and two 1‑bedroom/1‑bathroom apartments
- 6,400 square feet of living area; 8,712 square feet of total gross area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,066
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,021,320
$2.0M
Cap Rate 7%
$1,443,800
$1.4M
Cap Rate 9%
$1,122,956
$1.1M
Market Conditions
NOI Build-Up for 8,712 SF
Gross rent
$197.6K $22.68/SF
− Vacancy
−$13.8K −$1.59/SF
EGI
$183.8K $21.09/SF
− OpEx
−$82.7K −$9.49/SF
NOI
$101.1K $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%
$2,021,320
Cap Rate 7%
$1,443,800
Cap Rate 9%
$1,122,956
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $101,066 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,290 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
8
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Two single-story buildings provide direct-entry residences, shared laundry, and on-site parking.
Where is this apartment building located?
The property is located at 240 W Quincy Street Westmont, IL.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Two single‑story brick buildings with 8 residential units; Unit mix: six 2‑bedroom/1‑bathroom apartments and two 1‑bedroom/1‑bathroom apartments; 6,400 square feet of living area; 8,712 square feet of total gross area
