Triplex with Detached
For Sale
$539,000
614 Maple Avenue, Willow Springs, IL 60480
Each apartment has individual gas and electric service, with hot-water heat.
Property Size2,592 SF
Price / SF$207.95
Days on Market13
Property Features for 614 Maple Avenue
General Information
Standard status
Active
Size
2,592 SF
Property subtype
Two to Four Units
Zoning
MULTI
Units
Unit Mix
2 x 2BR, 1 x 1BR
Multifamily Units
3
Individually Metered Utilities
electricity, gas
Taxes and HOA fees
Annual Taxes
$7,033
Amenities
full basement
washer and dryer
enclosed porch
sun room
Unfinished,Block,Full
Enclosed Porch,Sun Room
3
5
Corner Lot,Forest Preserve Adjacent,Nature Preserve Adjacent,Wooded,Views,Sloped
Public
8
100x153
No
Ceiling Fan(s),Water Heater-Gas
Garage Door Opener,Yes,Garage Owned,Detached,Garage
Block
Building Details
Year Built
1935
Listing Agency:
(708) 787-2808
Listed By:
Moiz Malik
Source:
Kawashgroup
Added: Oct 20
Changed: Oct 31
Last Checked: Oct 31 at 3:23AM
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 Moiz Malik
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Investment Insights
Based on property information with market context.
This triplex contains two two-bedroom apartments and one one-bedroom apartment. Interior features include a full, unfinished block basement, an enclosed porch, and a separate sunroom. A detached three-car garage provides additional storage, and extra parking is available. The building was constructed in 1935.
The property occupies a wooded corner lot adjacent to a forest preserve and nature preserve. Its MULTI zoning is also noted.
The property occupies a wooded corner lot adjacent to a forest preserve and nature preserve. Its MULTI zoning is also noted.
Key Highlights
- Three apartments: two with 2 bedrooms and one with 1 bedroom
- Detached three‑car garage, plus extra parking
- Individual gas and electric service for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,634
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,680
$672.7K
Cap Rate 7%
$480,486
$480.5K
Cap Rate 9%
$373,711
$373.7K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$51.9K $20.04/SF
− Vacancy
−$3.9K −$1.50/SF
EGI
$48.0K $18.54/SF
− OpEx
−$14.4K −$5.56/SF
NOI
$33.6K $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%
$672,680
Cap Rate 7%
$480,486
Cap Rate 9%
$373,711
Alternative Uses
Best Use
Multifamily LT 5
$480.5K
$420.4K – $560.6K
NOI $33,634 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$429.6K
$375.9K – $501.2K
NOI $30,069 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$894.9K
$783.0K – $1.04M
NOI $62,643 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
117
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Each apartment has individual gas and electric service, with hot-water heat.
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 with 2 bedrooms and one with 1 bedroom; Detached three‑car garage, plus extra parking; Individual gas and electric service for each apartment
