7-Unit Apartment Building with
For Sale
$899,900
5592 WICKFORD Lane, Loves Park, IL 61111
MULTIFAMILY, LOVES PARK, IL
Property Size5,241 SF
Price / SF$171.70
Days on Market47
Property Features for 5592 WICKFORD Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
17
Bathrooms
9
Full bathrooms
9
Rooms
Basement, Bedroom 9, Bedroom 14, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 5, Bathroom 6, Bedroom 10, Bathroom 8, Bedroom 2, Bathroom 1, Bathroom 7, Bedroom 16, Bathroom 4, Bedroom 1, Bedroom 7, Bedroom 5, Bathroom 2, Bedroom 11, Bedroom 12, Bedroom 15, Bathroom 3, Bedroom 17, Bathroom 9, Bedroom 13, Bedroom 8
Parking
14
Appliances
Stove/Cooktop
Elementary school
Maple Elementary
Middle school
Harlem Jr
High school
Harlem High School
Elementary school district
Harlem 122
Middle school district
Harlem 122
High school district
Harlem 122
Subdivision
Winnebago County
Standard status
Active
APN
0833451005
Size
5,241 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
PLAT NO 7 WINFORD ESTATES BNG PT S 1/2 SEC 33-45-2 LOT 7
Tax Annual Amount
15018
Legal Description
PLAT NO 7 WINFORD ESTATES BNG PT S 1/2 SEC 33-45-2 LOT 7
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
laundry room
Building Details
Year built
1990
Floors in Building
2
Number of units
7
Roof type
Shingle
Listing Agency:
DICKERSON & NIEMAN
(815) 227-5900
Listed By:
Mark Payne
(815) 978-0788
Added: Sep 3
Changed: Oct 16
Last Checked: Oct 19 at 10:06AM
MLS# 202605596
Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,241-square-foot apartment property in Loves Park contains seven units: three three-bedroom apartments, one two-bedroom, two-bath apartment, and three one-bedroom apartments. One of the three-bedroom units is occupied by the owner, while the two-bedroom unit has been completely remodeled. Built in 1990, the property includes central air, forced-air heating, and laundry rooms serving the units.
Four apartments have attached garages accommodating more than two cars each, and the property offers up to seven additional garage spaces for tenant use or rental. The shingle roof is seven years old. The landlord pays water and sewer service.
Four apartments have attached garages accommodating more than two cars each, and the property offers up to seven additional garage spaces for tenant use or rental. The shingle roof is seven years old. The landlord pays water and sewer service.
Key Highlights
- Seven‑unit apartment complex with three three‑bedroom, one two‑bedroom, and three one‑bedroom units
- 5,241 square feet; built in 1990
- Completely remodeled two‑bedroom, two‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,094
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,880
$921.9K
Cap Rate 7%
$658,486
$658.5K
Cap Rate 9%
$512,156
$512.2K
Market Conditions
NOI Build-Up for 5,241 SF
Gross rent
$91.2K $17.40/SF
− Vacancy
−$7.4K −$1.41/SF
EGI
$83.8K $15.99/SF
− OpEx
−$37.7K −$7.20/SF
NOI
$46.1K $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%
$921,880
Cap Rate 7%
$658,486
Cap Rate 9%
$512,156
Alternative Uses
Best Use
Apartment 5plus
$658.5K
$576.2K – $768.2K
NOI $46,094 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,998 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 61111, IL
23,028
Population
10,248
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
92%
High-School Grad
14.2 sq mi
ZIP Area
1,622
Density / Sq Mi
$58,391
Median Household Income
$42,751
Median Earnings
$1,101
Median Rent
$143,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Unit mix includes one-, two-, and three-bedroom apartments with garage access.
Where is this apartment building located?
The property is located at 5592 WICKFORD Lane Loves Park, IL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Seven‑unit apartment complex with three three‑bedroom, one two‑bedroom, and three one‑bedroom units; 5,241 square feet; built in 1990; Completely remodeled two‑bedroom, two‑bath apartment
