Legal Two-Flat with Garden
For Sale
$500,000
Pending
5730 West Windsor Avenue, Chicago, IL 60630
Legal two-flat on a 37-foot-wide lot with a non-conforming garden unit and garage parking.
Property Size2,139 SF
Days on Market56
Property Features for 5730 West Windsor Avenue
General Information
Standard status
Pending
Size
2,139 SF
Total Parking Spaces
1
Property subtype
Two to Four Units / 2 Flat
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,237
Building Details
Year Built
1912
Listing Agency:
Keller Williams ONEChicago
Listed By:
Ryan Douglas Wells · License #475155636
(312) 636-5832
Source:
Compass
Added: Jul 14
Changed: Aug 10
Last Checked: Aug 8 at 10:55AM
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 Keller Williams ONEChicago
Investment Insights
Based on property information with market context.
This offering features a legal 2-flat with a non-conforming garden unit, set on a generous 37-foot-wide lot. Garage parking is included, providing on-site off-street convenience for residents.
Located at 5730 West Windsor Avenue in Chicago’s Northwest Side, the property is positioned for transit and daily needs. The remarks cite easy access to CTA bus service and nearby Metra, along with walkable proximity to grocery stores and everyday retail, plus several neighborhood parks within blocks.
Additional income and performance information is available upon request for serious inquiries.
Located at 5730 West Windsor Avenue in Chicago’s Northwest Side, the property is positioned for transit and daily needs. The remarks cite easy access to CTA bus service and nearby Metra, along with walkable proximity to grocery stores and everyday retail, plus several neighborhood parks within blocks.
Additional income and performance information is available upon request for serious inquiries.
Key Highlights
- Legal 2‑flat built in 1912 on a 37‑foot‑wide lot
- Includes a non‑conforming garden unit
- Garage parking included
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
$35,657
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
7.13%
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%
$713,140
$713.1K
Cap Rate 7%
$509,386
$509.4K
Cap Rate 9%
$396,189
$396.2K
Market Conditions
NOI Build-Up for 2,139 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
$53.9K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$50.9K $23.81/SF
− OpEx
−$15.3K −$7.14/SF
NOI
$35.7K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$713,140
Cap Rate 7%
$509,386
Cap Rate 9%
$396,189
Alternative Uses
Best Use
Multifamily LT 5
$509.4K
$445.7K – $594.3K
NOI $35,657 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$468.4K
$409.9K – $546.5K
NOI $32,789 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$1.01M
$882.5K – $1.18M
NOI $70,597 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,416
Businesses Nearby
Explore this area
Business Placement
Demographics for 60630, IL
54,064
Population
23,393
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
11,503
Density / Sq Mi
$97,134
Median Household Income
$54,576
Median Earnings
$1,357
Median Rent
$362,900
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 - Legal two-flat on a 37-foot-wide lot with a non-conforming garden unit and garage parking.
Where is this duplex located?
The property is located at 5730 West Windsor Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Legal 2‑flat built in 1912 on a 37‑foot‑wide lot; Includes a non‑conforming garden unit; Garage parking included
