Mirrored Duplex
For Sale
$325,000
Pending
417-419 Jackson Street, Genoa, IL 60135
Mirrored two-unit duplex features two bedrooms and one full bath per side with full basements and an extra-long one-car garage.
Property Size1,830 SF
Days on Market67
Property Features for 417-419 Jackson Street
General Information
Standard status
Pending
Size
1,830 SF
Total Parking Spaces
6
Property subtype
Two to Four Units / Duplex Side By Side
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,376
Building Details
Year Built
1989
Tenancy
Multi
Listing Agency:
Redfin Corporation
Listed By:
Rebekah Wipperfurth · License #475162402
(815) 353-0600
Source:
Compass
Added: Jul 1
Changed: Aug 8
Last Checked: Jul 24 at 12:11PM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This for-sale mirrored duplex offers two separate residential units, each with two bedrooms and one full bathroom. The layout includes a spacious kitchen and a front room, and both units include full basements. An extra-long one-car garage accommodates both units, and the property provides plenty of parking.
The property is described as within walking distance to a coffee shop and the downtown area of Genoa with additional restaurants and shopping. Easy access to I-90 and I-88 is also noted.
The asset is presented as a residential income property, with the option to live in one unit and rent the other or rent both units.
The property is described as within walking distance to a coffee shop and the downtown area of Genoa with additional restaurants and shopping. Easy access to I-90 and I-88 is also noted.
The asset is presented as a residential income property, with the option to live in one unit and rent the other or rent both units.
Key Highlights
- 1989‑built mirrored two‑unit duplex with 2 bedrooms and 1 full bath per side
- Each unit includes a full basement
- Extra‑long one‑car garage for both units
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
$23,746
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
7.31%
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%
$474,920
$474.9K
Cap Rate 7%
$339,229
$339.2K
Cap Rate 9%
$263,844
$263.8K
Market Conditions
NOI Build-Up for 1,830 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
$36.7K $20.04/SF
− Vacancy
−$2.8K −$1.50/SF
EGI
$33.9K $18.54/SF
− OpEx
−$10.2K −$5.56/SF
NOI
$23.7K $12.98/SF
Area
DeKalb 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 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%
$474,920
Cap Rate 7%
$339,229
Cap Rate 9%
$263,844
Alternative Uses
Best Use
Multifamily LT 5
$339.2K
$296.8K – $395.8K
NOI $23,746 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$303.3K
$265.4K – $353.8K
NOI $21,230 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$631.8K
$552.8K – $737.1K
NOI $44,227 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 60135, IL
7,292
Population
2,923
Households
2.5
Avg Household Size
39
Median Age
15%
College-Educated
88%
High-School Grad
46.8 sq mi
ZIP Area
156
Density / Sq Mi
$87,935
Median Household Income
$47,101
Median Earnings
$1,038
Median Rent
$238,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Mirrored two-unit duplex features two bedrooms and one full bath per side with full basements and an extra-long one-car garage.
Where is this duplex located?
The property is located at 417-419 Jackson Street Genoa, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1989‑built mirrored two‑unit duplex with 2 bedrooms and 1 full bath per side; Each unit includes a full basement; Extra‑long one‑car garage for both units
