Building Details

Year Built 1973

Units 4

Listing Agency: Infiniti Properties Inc

Listed By: Rima Odeh · License #475102798 Show Phone

Source: Crexi

Added: Jul 17 Changed: Oct 8 Last Checked: Oct 19 at 5:08AM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This mixed-use building for sale includes three apartments and a storefront with an outdoor patio. The residential units feature two bedrooms and 1.1 baths, with each unit offering a kitchen with dishwashers and in-unit washer and dryers. The apartments have been freshly painted and are described as being in excellent shape, and the building has a newer roof and updated exterior paint.

Located in the heart of the Worth business district on busy 111th Street, the property also includes a large parking lot with 20+ spaces. The current ground-floor use is a reputable pub.

The two-year-old A/C units are noted in the seller’s remarks, and the roof replacement is also referenced. Leases for the apartments are stated to expire in 04/2027. Building for sale only. Two pin numbers are listed: 24183070470000 and 24183070480000.

Key Highlights

• Mixed‑use building in the Worth business district with a storefront pub and outdoor patio plus 3 apartments
• 3 apartments: (2) 2‑bedroom units and (1) 1‑bedroom unit with 1.1 baths total; each includes a kitchen, dishwasher, washer & dryer
• Pub business and apartments supported by 20+ parking spaces on site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,070

Cap Rate

7.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,401,400 $1.4M

Cap Rate 7%

$1,001,000 $1.0M

Cap Rate 9%

$778,556 $778.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,400 SF

Gross rent

$108.2K $20.04/SF

− Vacancy

−$8.1K −$1.50/SF

EGI

$100.1K $18.54/SF

− OpEx

−$30.0K −$5.56/SF

NOI

$70.1K $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%

$1,401,400

Cap Rate 7%

$1,001,000

Cap Rate 9%

$778,556

Alternative Uses

Best Use

Specialty Retail

$1.29M

$1.13M – $1.51M (±1% cap)

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

Second Best

Multifamily LT 5

$1.00M

$875.9K – $1.17M (±1% cap)

NOI $70,070 @ 7.0% cap · market cap 7.87%

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

Current Use

Melinda's Pub Nightclub Emma's Bar & Pub

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

3

Residential units

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

Frequently Asked Questions

What type of property is this?

Triplex - Mixed-use property includes a storefront pub with an outdoor patio, plus three apartments and 20+ parking spaces.

Where is this triplex located?

The property is located at 6906 West 111th Street 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: Mixed‑use building in the Worth business district with a storefront pub and outdoor patio plus 3 apartments; 3 apartments: (2) 2‑bedroom units and (1) 1‑bedroom unit with 1.1 baths total; each includes a kitchen, dishwasher, washer & dryer; Pub business and apartments supported by 20+ parking spaces on site