Updated Duplex with Fenced
For Sale
$559,000
4829 Forster Avenue, Schiller Park, IL 60176
Two separate living areas and on-site parking complement a large, enclosed outdoor space.
Property Size2,000 SF
Price / SF$279.50
Days on Market9
Property Features for 4829 Forster Avenue
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
3
Property subtype
Two to Four Units
Zoning
Residential 2
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,600
Amenities
Finished,Full
Enclosed Porch,Foyer
3
4
2
1
Lake Michigan
90X120
0.25
No
Ceiling Fan(s)
Yes
Building Details
Year Built
1946
Tenancy
Multi
Listing Agency:
(708) 787-2808
Listed By:
Anthony Lezza
Source:
Kawashgroup
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:29PM
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 Anthony Lezza
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot duplex, built in 1946, has two living areas, each with a kitchen, living room, two bedrooms and one full bathroom. The finished basement adds a family room, laundry facilities and a half bath. Improvements have been made since 2015, and the home has airport-certified windows and CAT 6 Ethernet wiring. The property is offered as-is.
The 0.25-acre property comprises three lots with three individual PINs and includes a fenced yard and three on-site parking spaces. The lot dimensions are 90 by 120 feet.
The 0.25-acre property comprises three lots with three individual PINs and includes a fenced yard and three on-site parking spaces. The lot dimensions are 90 by 120 feet.
Key Highlights
- Two living areas, each with a kitchen, living room, 2 bedrooms and 1 full bathroom
- 2,000 square feet; built in 1946
- Three lots with three individual PINs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,952
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,040
$519.0K
Cap Rate 7%
$370,743
$370.7K
Cap Rate 9%
$288,356
$288.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$40.1K $20.04/SF
− Vacancy
−$3.0K −$1.50/SF
EGI
$37.1K $18.54/SF
− OpEx
−$11.1K −$5.56/SF
NOI
$26.0K $12.98/SF
Area
Cook 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 Rate 5%
$519,040
Cap Rate 7%
$370,743
Cap Rate 9%
$288,356
Alternative Uses
Best Use
Multifamily LT 5
$370.7K
$324.4K – $432.5K
NOI $25,952 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$331.5K
$290.0K – $386.7K
NOI $23,202 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$690.5K
$604.2K – $805.6K
NOI $48,336 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 60176, IL
11,714
Population
4,423
Households
2.6
Avg Household Size
39
Median Age
28%
College-Educated
87%
High-School Grad
2.5 sq mi
ZIP Area
4,686
Density / Sq Mi
$67,473
Median Household Income
$41,106
Median Earnings
$1,214
Median Rent
$276,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living areas and on-site parking complement a large, enclosed outdoor space.
Where is this duplex located?
The property is located at 4829 Forster Avenue Schiller Park, IL.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Two living areas, each with a kitchen, living room, 2 bedrooms and 1 full bathroom; 2,000 square feet; built in 1946; Three lots with three individual PINs
