Building Details

Year Built 2000

Stories 1

Tenancy Multi

Listing Agency: CENTURY 21 Integra | Farm & Ranch Real Estate a***@c21affiliated.com Show Phone

Listed By: Amy Rogus · License #IL 471019735

Source: Crexi

Added: Apr 24 Changed: Aug 8 Last Checked: Jul 23 at 10:34AM

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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 CENTURY 21 Integra | Farm & Ranch Real Estate

Investment Insights

Based on property information with market context.

This updated duplex offers two renovated units arranged for single-story living. Each unit includes two bedrooms and 1.5 bathrooms, along with a large kitchen, a dedicated dining area off the kitchen, and a comfortable living room. A first-floor laundry area is included for added convenience. Both units also provide access to an unfinished basement, offering opportunities to expand living space, and each unit has a 1-car garage. Materials to finish the basement in Unit 520 have already been purchased and will be included with the sale.

The property is located on Stilson Street in Earlville, IL, with both units positioned on the left and right sides of the duplex (Unit 520 on the left, Unit 516 on the right). The location is described as only a block away from the schools.

Units are configured with a primary bedroom that provides private deck access, supporting everyday comfort and outdoor use within each unit.

Key Highlights

• Renovated duplex built in 2000 with single‑story, approximately 1,200 sq ft per unit
• Each unit offers 2 bedrooms and 1.5 bathrooms, plus a primary bedroom with private deck access
• Full kitchen includes all appliances, with a dedicated dining area off the kitchen and a living room for everyday living

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

$24,515

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

6.91%

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%

$490,300 $490.3K

Cap Rate 7%

$350,214 $350.2K

Cap Rate 9%

$272,389 $272.4K

Market Conditions

NOI Build-Up for 2,400 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

$36.9K $15.36/SF

− Vacancy

−$1.8K −$0.77/SF

EGI

$35.0K $14.59/SF

− OpEx

−$10.5K −$4.38/SF

NOI

$24.5K $10.21/SF

Area

LaSalle, IL La Salle County, LA

Vacancy

5.00%

Lease Rate

$15.36 /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%

$490,300

Cap Rate 7%

$350,214

Cap Rate 9%

$272,389

Alternative Uses

Best Use

Multifamily LT 5

$350.2K

$306.4K – $408.6K (±1% cap)

NOI $24,515 @ 7.0% cap · market cap 6.91%

Second Best

Apartment 5plus

$313.3K

$274.2K – $365.6K (±1% cap)

NOI $21,934 @ 7.0% cap · market cap 6.18%

Theoretical Best

Office A

$600.7K

$525.6K – $700.8K (±1% cap)

NOI $42,048 @ 7.0% cap · market cap 11.85%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Electrical Service Hair Salon Nail Salon (Bike/Boat/Book/etc) Store Barber Shop

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

114

Businesses Nearby

Explore this area Business Placement

Demographics for 60518, IL

3,325

Population

1,590

Households

2.1

Avg Household Size

43

Median Age

16%

College-Educated

90%

High-School Grad

132.6 sq mi

ZIP Area

25

Density / Sq Mi

$73,750

Median Household Income

$38,929

Median Earnings

$1,051

Median Rent

$151,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Renovated two-unit duplex with single-story layouts, each featuring bedrooms, laundry, a garage, and an unfinished basement.

Where is this duplex located?

The property is located at 516-520 Stilson Street Earlville, IL.

What is the asking price?

The asking price for this property is $354,900.

What are key features of this property?

This property features: Renovated duplex built in 2000 with single‑story, approximately 1,200 sq ft per unit; Each unit offers 2 bedrooms and 1.5 bathrooms, plus a primary bedroom with private deck access; Full kitchen includes all appliances, with a dedicated dining area off the kitchen and a living room for everyday living