Building Details

Year Built 1973

Buildings 1

Tenancy Single

Listing Agency: Infiniti Properties, Inc.

Listed By: Rima Odeh · License #475102798 Show Phone

Source: Bktchicago

Added: Aug 2 Changed: Sep 25 Last Checked: Oct 7 at 12:57PM

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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 Infiniti Properties, Inc.

Investment Insights

Based on property information with market context.

This 5,400-square-foot mixed-use building, constructed in 1973, combines three apartments with a commercial storefront and outdoor patio. Each apartment includes two bedrooms, 1.1 baths, a kitchen with dishwasher, and in-unit washer and dryer. The residences have been freshly painted, and the property also features newer exterior paint, a new roof, and an air-conditioning system installed two years ago.

The building sits on 111th Street in Worth’s business district, with a storefront-oriented layout and more than 20 parking spaces. The commercial portion is currently operated as a pub. Apartment leases are scheduled to expire in 04/2027. The property includes two PIN numbers: 24183070470000 and 24183070480000.

Key Highlights

• 5,400 SF mixed‑use building with three apartments and a commercial storefront
• Each apartment has 2 bedrooms, 1.1 baths, a dishwasher, and washer and dryer
• Commercial space includes an outdoor patio and is currently operated as a pub

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$74,953

Cap Rate

8.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,499,060 $1.5M

Cap Rate 7%

$1,070,757 $1.1M

Cap Rate 9%

$832,811 $832.8K

Market Conditions

NOI Build-Up for 5,400 SF

Gross rent

$116.6K $21.60/SF

− Vacancy

−$9.6K −$1.77/SF

EGI

$107.1K $19.83/SF

− OpEx

−$32.1K −$5.95/SF

NOI

$75.0K $13.88/SF

Area

Cook County, IL

Vacancy

8.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,499,060

Cap Rate 7%

$1,070,757

Cap Rate 9%

$832,811

Alternative Uses

Best Use

Mixed Use

$1.30M

$1.14M – $1.52M (±1% cap)

NOI $91,125 @ 7.0% cap · market cap 10.24%

Second Best

Specialty Retail

$1.29M

$1.13M – $1.51M (±1% cap)

NOI $90,396 @ 7.0% cap · market cap 10.16%

Theoretical Best

Office A

$1.86M

$1.63M – $2.18M (±1% cap)

NOI $130,506 @ 7.0% cap · market cap 14.66%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Daycare Center Furniture & Home Goods Garden Center Carpet & Flooring Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

730

Businesses Nearby

Explore this area Business Placement

Demographics for 60482, IL

11,216

Population

4,777

Households

2.3

Avg Household Size

39

Median Age

20%

College-Educated

89%

High-School Grad

2.3 sq mi

ZIP Area

4,877

Density / Sq Mi

$56,398

Median Household Income

$37,019

Median Earnings

$1,156

Median Rent

$216,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Includes a storefront, outdoor patio, pub operation, and a large on-site parking area.

Where is this mixed-use property located?

The property is located at 6906-6908 111th St Worth, IL.

What is the asking price?

The asking price for this property is $890,000.

What are key features of this property?

This property features: 5,400 SF mixed‑use building with three apartments and a commercial storefront; Each apartment has 2 bedrooms, 1.1 baths, a dishwasher, and washer and dryer; Commercial space includes an outdoor patio and is currently operated as a pub