Building Details

Year built 1970

Floors in Building 2

Number of units 3

Building materials Brick

Roof type Composition

Listing Agency: Jameson Sotheby's Intl Realty g***@jameson.com Show Phone

Listed By: Keith Estrada · License #475155280 Show Phone

Added: Oct 15 Last Checked: Oct 16 at 6:06PM

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MLS# 12786541

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Built in 1970, this brick mixed-use property combines approximately 2,900 square feet of ground-floor commercial space with two apartments above. Each apartment has three bedrooms and 1.1 baths, hardwood flooring, in-unit laundry, and central air. A 24-by-16-foot terrace and 10 parking spaces are also part of the property. The commercial area retains separate furnaces and electric meters for its former two-space configuration.

The property is steps from downtown Flossmoor, shopping, and the Metra station. Residential development is underway across the street.

Key Highlights

• Approximately 2,900 square feet of ground‑floor commercial space
• Two upper‑floor apartments, each with 3 bedrooms and 1.1 baths
• 24x16 terrace and 10 parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,938

Cap Rate

7.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$978,760 $978.8K

Cap Rate 7%

$699,114 $699.1K

Cap Rate 9%

$543,756 $543.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,900 SF

Gross rent

$87.0K $30.00/SF

− Vacancy

−$8.7K −$3.00/SF

EGI

$78.3K $27.00/SF

− OpEx

−$29.4K −$10.13/SF

NOI

$48.9K $16.88/SF

Area

Cook County, IL

Vacancy

10.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$978,760

Cap Rate 7%

$699,114

Cap Rate 9%

$543,756

Alternative Uses

Best Use

Mixed Use

$699.1K

$611.7K – $815.6K (±1% cap)

NOI $48,938 @ 7.0% cap · market cap 7.78%

Second Best

Apartment 5plus

$480.6K

$420.5K – $560.7K (±1% cap)

NOI $33,642 @ 7.0% cap · market cap 5.35%

Theoretical Best

Office A

$1.00M

$876.1K – $1.17M (±1% cap)

NOI $70,087 @ 7.0% cap · market cap 11.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

EQ Capital Business Management Consultant Valentinos For Men Clothing & Fashion Store

Suggested Use

Top Pick HVAC Service Auto Repair Shop Grocery & Convenience Store Furniture & Home Goods Locksmith Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

496

Businesses Nearby

Explore this area Business Placement

Demographics for 60422, IL

9,927

Population

3,894

Households

2.5

Avg Household Size

45

Median Age

67%

College-Educated

99%

High-School Grad

4.0 sq mi

ZIP Area

2,482

Density / Sq Mi

$134,728

Median Household Income

$80,123

Median Earnings

$2,191

Median Rent

$304,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground-level commercial space is paired with two apartments featuring in-unit laundry, central air, and a terrace.

Where is this mixed-use property located?

The property is located at 2626 FLOSSMOOR Road Flossmoor, IL.

What is the asking price?

The asking price for this property is $629,000.

What are key features of this property?

This property features: Approximately 2,900 square feet of ground‑floor commercial space; Two upper‑floor apartments, each with 3 bedrooms and 1.1 baths; 24x16 terrace and 10 parking spaces