Newer Two-Unit
For Sale
$699,000
5431 W 30th Place, Cicero, IL 60804
Residential Income, Cicero, IL
Property Size3,000 SF
Lot Size0.09 Acres
Price / SF$233
Days on Market47
Property Features for 5431 W 30th Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 2, Bathroom 1, Basement, Bedroom 1, Bathroom 2, Bedroom 6, Bedroom 4, Bathroom 4
Parking
3
Basement
Full, Unfinished
Elementary school district
99
Middle school district
99
High school district
201
Directions
North or south on Laramie Ave to 30th Pl, then west on 30th Pl to property
Subdivision
Cicero
Standard status
Active
APN
16283100040000
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9936
Utilities
Heating system
Natural Gas
Building Details
Year built
2023
Building materials
Vinyl Siding, Brick
Roof type
Asphalt
Listing Agency:
Solaris Enterprises Inc
(773) 235-2161
Listed By:
Angelina Larks · License #475191613
(773) 235-2161
Added: Jul 6
Changed: Aug 21
Last Checked: Aug 21 at 2:06PM
MLS# 12695738
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2023, this duplex contains two residential units with approximately 3,000 square feet of living space, six bedrooms, and four bathrooms. Each unit includes an open-concept living area, well-sized bedrooms, contemporary bathroom finishes, and substantial natural light. A full unfinished basement adds storage and room for future customization. Vinyl siding, brick, an asphalt roof, and natural-gas heating complete the property’s core improvements.
The property is situated near Historic Route 66, schools, parks, shopping, dining, and major transportation routes. Zoned MULTI, it supports a flexible residential income configuration, including the option to occupy one unit while leasing the other or operate both as rental units.
The property is situated near Historic Route 66, schools, parks, shopping, dining, and major transportation routes. Zoned MULTI, it supports a flexible residential income configuration, including the option to occupy one unit while leasing the other or operate both as rental units.
Key Highlights
- Two‑unit duplex completed in 2023
- Approximately 3,000 square feet with 6 bedrooms and 4 bathrooms
- Full unfinished basement for storage and future customization
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
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 - Two contemporary units with open living areas, a full basement, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 5431 W 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 duplex completed in 2023; Approximately 3,000 square feet with 6 bedrooms and 4 bathrooms; Full unfinished basement for storage and future customization
