Two-Unit
6715 174th Street, Tinley Park, IL 60477
For Sale
New
$390,000
The building contains two residential units and is being sold in its current condition.
Property Size1,900 SF
Days on Market3
Property Features for 6715 174th Street
General Information
Standard status
Size
Property subtype
Zoning
Property Condition
Severity
Evidence
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
@properties Christies International Real Estate
Listed By:
Liz Ruiz
(630) 456-6712
Source:
Kalelrealty
Added: Nov 11
Changed: Nov 13
Last Checked: Nov 13 at 5:50PM
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 @properties Christies International Real Estate
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Investment Insights
Based on property information with market context.
Built in 1880, this duplex is arranged as two residential units and is offered in its present condition. The property is zoned MULTI.
In Tinley Park, the property is near downtown, shopping, dining and the Metra station.
In Tinley Park, the property is near downtown, shopping, dining and the Metra station.
Key Highlights
- Two residential units
- Built in 1880
- Zoned MULTI
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,654
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,080
$493.1K
Cap Rate 7%
$352,200
$352.2K
Cap Rate 9%
$273,933
$273.9K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$38.1K $20.04/SF
− Vacancy
−$2.9K −$1.50/SF
EGI
$35.2K $18.54/SF
− OpEx
−$10.6K −$5.56/SF
NOI
$24.7K $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%
$493,080
Cap Rate 7%
$352,200
Cap Rate 9%
$273,933
Alternative Uses
Best Use
Multifamily LT 5
$352.2K
$308.2K – $410.9K
NOI $24,654 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$314.9K
$275.5K – $367.4K
NOI $22,042 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$729.6K
$638.4K – $851.2K
NOI $51,072 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
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Business Placement
Demographics for 60477, IL
37,335
Population
16,261
Households
2.3
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
2,629
Density / Sq Mi
$93,862
Median Household Income
$57,381
Median Earnings
$1,485
Median Rent
$262,400
Median Home Value
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Market
Properties on Market for Duplexes in Cook County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The building contains two residential units and is being sold in its current condition.
Where is this duplex located?
The property is located at 6715 174th Street Tinley Park, IL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two residential units; Built in 1880; Zoned MULTI
