Three-Unit Apartment
614 Maple Avenue, Willow Springs, IL 60480
For Sale
New
$499,000
Residential Income, Willow Springs, IL
Property Size3,334 SF
Price / SF$149.67
Days on Market2
Property Features for 614 Maple Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Basement
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Building materials
Roof type
Listing Agency:
RE/MAX 10 · RE/MAX International
(815) 485-5500
Listed By:
Ray DeVito · License IL 076-264268
(708) 857-1500
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 12806230
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 three-unit apartment property contains 3,334 square feet, including two enclosed porches. The apartments comprise two two-bedroom units and one one-bedroom unit. Recent interior work includes fresh paint and new carpet in units 1 and 3, plus a fully renovated bathroom in unit 2. A full basement has a washer and dryer, and the property also includes a sunroom. The roof was replaced less than one year ago, and the chimneys were recapped. Steam heat serves the building.
An oversized detached garage accommodates three cars, with additional outdoor parking. The property sits across from forest preserves in a wooded setting, with hiking, biking, and nature trails nearby. Public water and sewer serve the property.
An oversized detached garage accommodates three cars, with additional outdoor parking. The property sits across from forest preserves in a wooded setting, with hiking, biking, and nature trails nearby. Public water and sewer serve the property.
Key Highlights
- Three apartments: two 2‑bedroom units and one 1‑bedroom unit
- 3,334 sq ft, including 2 enclosed porches
- Detached oversized 3‑car garage, plus extra parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,262
Cap Rate
8.67%
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 8.67%
Second Best
Apartment 5plus
$552.5K
$483.5K – $644.6K
NOI $38,677 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,618 @ 7.0% cap · market cap 17.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
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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 unit mix combines two two-bedroom apartments with one one-bedroom apartment, each with its own 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 $499,000.
What are key features of this property?
This property features: Three apartments: two 2‑bedroom units and one 1‑bedroom unit; 3,334 sq ft, including 2 enclosed porches; Detached oversized 3‑car garage, plus extra parking
