Multi-Unit Apartment
5430 Dale Avenue Loves Park, IL 61111
5430 Dale Avenue, Loves Park, IL, 61111
$700,000
Pending
For Sale
$700,000
Pending
Apartment building offers multiple similar-layout units with up-and-down living space.
Property Size6,000 SF
Days on Market35
Property Features for 5430 Dale Avenue
General Information
- Standard status
- Pending
- Size
- 6,000 SF
- Property subtype
- Multi Family / 5+ Units
Building Details
- Year Built
- 2021
Listing agency
Keller Williams Realty Signature
(815) 520-3995
Listed by
Ken L Redeker · License #471012969
(815) 520-3995
Source
Compass
Added: Jun 18 Updated: Jul 21 at 4:40PM Checked: Jul 21 at 4:40PM
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 Keller Williams Realty Signature
Investment Insights
Based on property information with market context.
This multifamily apartment building is presented for sale with a described good rental history. The units are described as similar in layout throughout the property. The first level features an up-and-down design with living space on the first level and bedrooms located on the upper level.
The property is located at 5430 Dale Avenue in Loves Park, Illinois.
Additional building details such as unit count, current rents, or specific interior features are not provided in the available information.
The property is located at 5430 Dale Avenue in Loves Park, Illinois.
Additional building details such as unit count, current rents, or specific interior features are not provided in the available information.
Key Highlights
- Year built 2021
- Central air cooling and forced‑air natural gas heating
- Gas water heater
Local Financial Insights For Apartment 5plus
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 | $104.4k | $17.40 |
| − Vacancy | −$8.5k | −$1.41 |
| EGI | $95.9k | $15.99 |
| − OpEx | −$43.2k | −$7.20 |
| NOI | $52.8k | $8.79 |
6,000 SF · lease $17.40/SF/yr · vacancy 8.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$753.8K
$659.6K – $879.5K
NOI $52,769 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,480 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Apartment building offers multiple similar-layout units with up-and-down living space.
Where is this apartment building located?
The property is located at 5430 Dale Avenue Loves Park, IL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Year built 2021; Central air cooling and forced‑air natural gas heating; Gas water heater
