Building Details

Building Size 744 SF

Year Built 1950

Listing Agency: Redfin Corporation

Listed By: Cesar Juarez · License #475130661 Show Phone

Source: Dawnmckennagroup

Added: Aug 26 Changed: Oct 17 Last Checked: Oct 16 at 3:36PM

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Investment Insights

Based on property information with market context.

This residential income property is a duplex with an updated two-bedroom, one-bath unit. The interior includes a living room with a gas fireplace, vaulted ceiling, skylights, recessed lighting, and abundant natural light. The renovated kitchen features a breakfast bar, stainless steel appliances, and a stacked washer and dryer. Both bedrooms have new LVP flooring and cedar-lined closets, while the full bathroom has also been updated.

Outdoor features include a fenced backyard, a detached 2.5-car garage with heating, air conditioning, and storage, plus a built-in basketball hoop and pergola. The property was built in 1950 and is located near parks, public transit, schools, grocery stores, and restaurants.

Key Highlights

• Duplex with an updated 2‑bedroom, 1‑bath unit
• Living room includes gas fireplace, vaulted ceiling, skylights, and recessed lighting
• Renovated kitchen with breakfast bar and stainless steel appliances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,631

Cap Rate

3.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$172,620 $172.6K

Cap Rate 7%

$123,300 $123.3K

Cap Rate 9%

$95,900 $95.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 744 SF

Gross rent

$16.9K $22.68/SF

− Vacancy

−$1.2K −$1.59/SF

EGI

$15.7K $21.09/SF

− OpEx

−$7.1K −$9.49/SF

NOI

$8.6K $11.60/SF

Area

Cook 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%

$172,620

Cap Rate 7%

$123,300

Cap Rate 9%

$95,900

Alternative Uses

Best Use

Apartment 5plus

$123.3K

$107.9K – $143.9K (±1% cap)

NOI $8,631 @ 7.0% cap · market cap 3.45%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$256.9K

$224.8K – $299.7K (±1% cap)

NOI $17,981 @ 7.0% cap · market cap 7.19%

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

Property Analytics

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Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

2,421

Businesses Nearby

Explore this area Business Placement

Demographics for 60456, IL

4,343

Population

1,916

Households

2.3

Avg Household Size

43

Median Age

20%

College-Educated

92%

High-School Grad

0.5 sq mi

ZIP Area

8,686

Density / Sq Mi

$59,265

Median Household Income

$42,091

Median Earnings

$812

Median Rent

$152,000

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - Two-bedroom unit with renovated interiors, a private fenced yard, and a detached climate-controlled garage.

Where is this residential income property located?

The property is located at 4039 W 90th Place Hometown, IL.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Duplex with an updated 2‑bedroom, 1‑bath unit; Living room includes gas fireplace, vaulted ceiling, skylights, and recessed lighting; Renovated kitchen with breakfast bar and stainless steel appliances