Building Details

Buildings 1

Listing Agency: Keller Williams Realty Signature k***@kw.com

Listed By: Ken Redeker · License #471012969 Show Phone

Source: Exprealty

Added: Aug 25 Changed: Oct 25 Last Checked: Oct 28 at 9:06AM

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Investment Insights

Based on property information with market context.

This apartment building contains 8 units, including six 2-bedroom residences and two 3-bedroom residences. The property also provides an 8-car garage and additional parking, supporting both resident and operational needs. The building measures 7,912 square feet in total.

Recent capital improvements include new shingles and gutters installed in 2023. Multiple furnaces, air-conditioning units, appliances, and water heaters have also been replaced. The property is located at 5553 Andrews Dr in Roscoe, Illinois.

Key Highlights

• 8‑unit apartment building with six 2‑bedroom and two 3‑bedroom units
• 7,912 square feet of building area
• 8‑car garage plus additional parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$69,585

Cap Rate

7.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,391,700 $1.4M

Cap Rate 7%

$994,071 $994.1K

Cap Rate 9%

$773,167 $773.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,912 SF

Gross rent

$137.7K $17.40/SF

− Vacancy

−$11.2K −$1.41/SF

EGI

$126.5K $15.99/SF

− OpEx

−$56.9K −$7.20/SF

NOI

$69.6K $8.79/SF

Area

Winnebago County, IL

Vacancy

8.10%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,391,700

Cap Rate 7%

$994,071

Cap Rate 9%

$773,167

Alternative Uses

Best Use

Apartment 5plus

$994.1K

$869.8K – $1.16M (±1% cap)

NOI $69,585 @ 7.0% cap · market cap 7.25%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.16M

$1.89M – $2.52M (±1% cap)

NOI $150,961 @ 7.0% cap · market cap 15.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

8

Residential units

Location Intelligence

Trade Area within ½ mile

370

Businesses Nearby

Explore this area Business Placement

Demographics for 61073, IL

19,936

Population

7,397

Households

2.7

Avg Household Size

42

Median Age

39%

College-Educated

96%

High-School Grad

27.9 sq mi

ZIP Area

715

Density / Sq Mi

$104,534

Median Household Income

$56,837

Median Earnings

$1,355

Median Rent

$228,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property with varied unit layouts, garage capacity, and recent improvements to key building systems.

Where is this apartment building located?

The property is located at 5553 Andrews Dr Roscoe, IL.

What is the asking price?

The asking price for this property is $960,000.

What are key features of this property?

This property features: 8‑unit apartment building with six 2‑bedroom and two 3‑bedroom units; 7,912 square feet of building area; 8‑car garage plus additional parking