Newer Two-Unit Residential
For Sale
$699,000
5431 30th Place, Cicero, IL 60804
Turnkey two-unit property built in 2023 with modern finishes, multiple bedrooms and bathrooms, and an unfinished basement.
Property Size3,000 SF
Price / SF$233
Days on Market71
Property Features for 5431 30th Place
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
3
Property subtype
Two to Four Units / 2 Flat
Zoning
MULTI
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,936
Building Details
Year Built
2023
Tenancy
Multi
Listing Agency:
Solaris Enterprises Inc
(773) 516-7972
Listed By:
Angelina Larks · License #475191613
(773) 516-7972
Source:
Compass
Added: Jun 17
Changed: Aug 25
Last Checked: Aug 25 at 12:47PM
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 Solaris Enterprises Inc
Investment Insights
Based on property information with market context.
This newer construction two-unit residential property was built in 2023 and is presented as turnkey. The overall layout provides approximately 3,000 square feet of living space with 6 bedrooms and 4 bathrooms across the two units. Both residences feature modern finishes and contemporary design elements, supporting a straightforward move-in or rental-ready use. The property also includes a full unfinished basement, which can serve as additional storage or a workspace for future finishing based on the buyer’s plans.
The home is located at 5431 30th Place in Cicero, Illinois, offering an in-town setting within the city. Open house showings are scheduled for Saturday, June 20 from 11:00 AM to 2:00 PM, and Sunday, June 21 from 1:00 PM to 3:00 PM.
For owner-occupants, the two-unit configuration supports the option to live in one unit while renting the other. For investors, the modern, low-maintenance nature of the 2023 construction and the added utility of the unfinished basement may appeal to buyers seeking a flexible, functional asset. Overall, the property’s updated finishes and practical layout are designed to accommodate a range of residential income strategies.
The home is located at 5431 30th Place in Cicero, Illinois, offering an in-town setting within the city. Open house showings are scheduled for Saturday, June 20 from 11:00 AM to 2:00 PM, and Sunday, June 21 from 1:00 PM to 3:00 PM.
For owner-occupants, the two-unit configuration supports the option to live in one unit while renting the other. For investors, the modern, low-maintenance nature of the 2023 construction and the added utility of the unfinished basement may appeal to buyers seeking a flexible, functional asset. Overall, the property’s updated finishes and practical layout are designed to accommodate a range of residential income strategies.
Key Highlights
- Two‑unit property built in 2023 in Cicero
- Approx. 3,000 SF total living space with 6 bedrooms and 4 bathrooms
- Each unit features modern finishes and contemporary design elements
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
$38,928
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
5.57%
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%
$778,560
$778.6K
Cap Rate 7%
$556,114
$556.1K
Cap Rate 9%
$432,533
$432.5K
Market Conditions
NOI Build-Up for 3,000 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
$60.1K $20.04/SF
− Vacancy
−$4.5K −$1.50/SF
EGI
$55.6K $18.54/SF
− OpEx
−$16.7K −$5.56/SF
NOI
$38.9K $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 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%
$778,560
Cap Rate 7%
$556,114
Cap Rate 9%
$432,533
Alternative Uses
Best Use
Multifamily LT 5
$556.1K
$486.6K – $648.8K
NOI $38,928 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$497.2K
$435.0K – $580.0K
NOI $34,802 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$1.04M
$906.3K – $1.21M
NOI $72,503 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Explore this area
Business Placement
Demographics for 60804, IL
85,673
Population
26,738
Households
3.2
Avg Household Size
32
Median Age
11%
College-Educated
68%
High-School Grad
7.1 sq mi
ZIP Area
12,067
Density / Sq Mi
$68,548
Median Household Income
$36,786
Median Earnings
$1,121
Median Rent
$236,000
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 - Turnkey two-unit property built in 2023 with modern finishes, multiple bedrooms and bathrooms, and an unfinished basement.
Where is this duplex located?
The property is located at 5431 30th Place Cicero, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑unit property built in 2023 in Cicero; Approx. 3,000 SF total living space with 6 bedrooms and 4 bathrooms; Each unit features modern finishes and contemporary design elements
