Mixed-Use Building with
For Sale
Contact for pricing
6906 West 111th Street, Worth, IL 60482
Mixed-use property includes a storefront pub with an outdoor patio, plus three apartments and 20+ parking spaces.
Property Size5,400 SF
Price / SF$164.81
Days on Market50
Property Features for 6906 West 111th Street
General Information
Standard status
Active
Size
5,400 SF
Total Parking Spaces
20
Property subtype
Retail, Mixed Use
Additional Details
Multifamily Units
3
Building Details
Year Built
1973
Units
4
Listing Agency:
Infiniti Properties Inc
Listed By:
Rima Odeh · License #475102798
(708) 856-5100
Source:
Crexi
Added: Jul 17
Changed: Aug 21
Last Checked: Sep 3 at 7:33AM
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 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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,070
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,401,400
$1.4M
Cap Rate 7%
$1,001,000
$1.0M
Cap Rate 9%
$778,556
$778.6K
Market Conditions
NOI Build-Up for 5,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $90,396 @ 7.0% cap · market cap 10.16%
Second Best
Multifamily LT 5
$1.00M
$875.9K – $1.17M
NOI $70,070 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$1.86M
$1.63M – $2.18M
NOI $130,506 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
