3-Unit Apartment Building with
For Sale
$539,000
614 Maple Avenue, Willow Springs, IL 60480
Residential Income, Willow Springs, IL
Property Size3,334 SF
Price / SF$161.67
Days on Market49
Property Features for 614 Maple Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 2, Basement, Bathroom 1, Bathroom 3
Parking
8
Parking features
Open, Garage
Basement
Unfinished, Full, Block
Lot features
Corner Lot, Forest Preserve Adjacent, Nature Preserve Adjacent, Wooded, Views, Sloped
Elementary school
Willow Springs Elementary School
Middle school
Willow Springs Elementary School
High school
Argo Community High School
Elementary school district
108
Middle school district
108
High school district
217
Directions
From Archer Ave; Turn S on Glenwood Ave, Turn left on W 87th , On N/E corner of *7th and Maple Ave. Available off street parking in front of building or off alley from 87th St at garage in back.
Subdivision
Willow Springs
Standard status
Active
APN
18334260080000
Additional Details
Individually Metered Utilities
electric, gas
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
7033
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Steam
Water source
Public
Amenities
washer and dryer
enclosed porch
sun room
Building Details
Year built
1935
Building materials
Aluminum Siding, Vinyl Siding, Frame
Roof type
Asphalt
Buildings
1
Listing Agency:
RE/MAX 10 · RE/MAX International
(815) 485-5500
Listed By:
Ray DeVito · License #076-264268
(708) 857-1500
Added: Sep 19
Changed: Nov 4
Last Checked: Nov 6 at 2:06PM
MLS# 12762429
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.
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Investment Insights
Based on property information with market context.
This 3-unit apartment property contains 3,334 square feet, including two enclosed porches. The unit mix consists of two 2-bedroom apartments and one 1-bedroom apartment. A full basement has a washer and dryer, while an enclosed porch and separate sunroom add shared interior space. The detached garage accommodates three cars and offers additional storage, with extra parking also available. Units 1 and 3 have recently received interior paint and new carpeting. The roof was replaced less than one year ago, and the chimneys have been recapped. Heating is by natural gas steam; water and sewer service are public.
The property sits across from forest preserves, with hiking, biking, and nature trails accessible nearby. It is in a low-traffic area of single-family homes. Built in 1935, the building has frame construction with aluminum and vinyl siding.
The property sits across from forest preserves, with hiking, biking, and nature trails accessible nearby. It is in a low-traffic area of single-family homes. Built in 1935, the building has frame construction with aluminum and vinyl siding.
Key Highlights
- Three apartments: two 2‑bedroom units and one 1‑bedroom unit
- 3,334 square feet, including two enclosed porches
- Detached 3‑car garage with storage and additional parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,262
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,240
$865.2K
Cap Rate 7%
$618,029
$618.0K
Cap Rate 9%
$480,689
$480.7K
Market Conditions
NOI Build-Up for 3,334 SF
Gross rent
$66.8K $20.04/SF
− Vacancy
−$5.0K −$1.50/SF
EGI
$61.8K $18.54/SF
− OpEx
−$18.5K −$5.56/SF
NOI
$43.3K $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 Rate 5%
$865,240
Cap Rate 7%
$618,029
Cap Rate 9%
$480,689
Alternative Uses
Best Use
Multifamily LT 5
$618.0K
$540.8K – $721.0K
NOI $43,262 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$552.5K
$483.5K – $644.6K
NOI $38,677 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,575 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Explore this area
Business Placement
Demographics for 60480, IL
5,272
Population
2,441
Households
2.2
Avg Household Size
47
Median Age
38%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
471
Density / Sq Mi
$97,311
Median Household Income
$52,660
Median Earnings
$1,328
Median Rent
$355,600
Median Home Value
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Market
Properties on Market for Triplexes in Cook County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - The three apartments include two two-bedroom layouts and one one-bedroom layout, with separately metered gas and electric service.
Where is this triplex located?
The property is located at 614 Maple Avenue Willow Springs, IL.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Three apartments: two 2‑bedroom units and one 1‑bedroom unit; 3,334 square feet, including two enclosed porches; Detached 3‑car garage with storage and additional parking
