Updated All-Brick
450 North Addison Road Villa Park, IL 60181
450 North Addison Road, Villa Park, IL, 60181
$525,000
Pending
For Sale
$525,000
Pending
All-brick duplex with two renovated three-bedroom, one-bath residences, detached 2½-car garage, and finished basements.
Property Size2,400 SF
Days on Market17
Property Features for 450 North Addison Road
General Information
- Standard status
- Pending
- Size
- 2,400 SF
- Property subtype
- Two to Four Units / 2 Flat
Building Details
- Year Built
- 1960
Listing agency
Wirtz Real Estate Group Inc.
(708) 516-3050
Listed by
Kimberly Wirtz · License #471005499
(708) 516-3050
Source
Compass
Added: Jul 6 Updated: Jul 21 at 11:12PM Checked: Jul 22 at 10:33AM
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.
This updated all-brick duplex includes two spacious three-bedroom, one-bath residences. Unit 450 features a sun-filled living room with hardwood floors, a remodeled kitchen with white shaker cabinetry, quartz countertops, subway tile backsplash, and a breakfast bar/dining area that opens to a deck overlooking a private, fenced backyard. The updated bathroom includes a quartz vanity and tile shower. A basement with a laundry room and crawlspace provides additional storage, and the home also includes a finished English lookout basement in the second residence.
Unit 452 offers an updated kitchen with refreshed cabinetry and stainless steel appliances, a bright living room with hardwood floors, and hardwood flooring throughout the three bedrooms. The renovated bathroom includes a stylish vanity. Its finished English lookout basement expands living space with a family room and laundry room with a utility sink, along with crawlspace for additional storage.
Renovations include extensive updates to Unit 450 in 2021 and updates to Unit 452 in 2026, along with major building and mechanical improvements in 2022. Exterior and garage enhancements include a new garage roof and flat roof, new garage gutters and garage door/opener, and new furnaces and central air conditioning units serving both residences. Additional upgrades include water heater replacements in both units, and the property includes a detached 2½-car garage.
Unit 452 offers an updated kitchen with refreshed cabinetry and stainless steel appliances, a bright living room with hardwood floors, and hardwood flooring throughout the three bedrooms. The renovated bathroom includes a stylish vanity. Its finished English lookout basement expands living space with a family room and laundry room with a utility sink, along with crawlspace for additional storage.
Renovations include extensive updates to Unit 450 in 2021 and updates to Unit 452 in 2026, along with major building and mechanical improvements in 2022. Exterior and garage enhancements include a new garage roof and flat roof, new garage gutters and garage door/opener, and new furnaces and central air conditioning units serving both residences. Additional upgrades include water heater replacements in both units, and the property includes a detached 2½-car garage.
Key Highlights
- All‑brick duplex (Year Built 1960) with two renovated 3‑bedroom, 1‑bath residences
- Unit 450 extensively renovated in 2021: fresh paint, refinished hardwood floors, stainless appliances, quartz countertops, shaker cabinets, remodeled bath, and new doors/blinds/patio door
- Unit 452 updated in 2026 with new six‑panel doors, refinished hardwood floors, refreshed kitchen cabinets, renovated bathroom, new blinds, stainless appliances, and a new water heater
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.1k | $20.04 |
| − Vacancy | −$3.6k | −$1.50 |
| EGI | $44.5k | $18.54 |
| − OpEx | −$13.3k | −$5.56 |
| NOI | $31.1k | $12.98 |
2,400 SF · lease $20.04/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$444.9K
$389.3K – $519.0K
NOI $31,142 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$397.7K
$348.0K – $464.0K
NOI $27,842 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$828.6K
$725.0K – $966.7K
NOI $58,003 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - All-brick duplex with two renovated three-bedroom, one-bath residences, detached 2½-car garage, and finished basements.
Where is this duplex located?
The property is located at 450 North Addison Road Villa Park, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: All‑brick duplex (Year Built 1960) with two renovated 3‑bedroom, 1‑bath residences; Unit 450 extensively renovated in 2021: fresh paint, refinished hardwood floors, stainless appliances, quartz countertops, shaker cabinets, remodeled bath, and new doors/blinds/patio door; Unit 452 updated in 2026 with new six‑panel doors, refinished hardwood floors, refreshed kitchen cabinets, renovated bathroom, new blinds, stainless appliances, and a new water heater
