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: Sep 17 Last Checked: Sep 26 at 7:25AM

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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 = 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

$69,585

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

7.25%

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%

$1,391,700 $1.4M

Cap Rate 7%

$994,071 $994.1K

Cap Rate 9%

$773,167 $773.2K

Market Conditions

NOI Build-Up for 7,912 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

$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 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%

$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.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Bakery (Bike/Boat/Book/etc) Store Grocery & Convenience Store Furniture & Home Goods

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

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

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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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