7408 W 111th Street #309 Worth, IL 60482
Updated 3rd-floor condo with fireplace, balcony, and modern kitchen.
- Added:
- Aug 25, 2025
- Days on Market:
- 322
- Last Refresh:
- May 19 at 9:14 pm
Property Features for 7408 W 111th Street #309
General Information
- Standard status
- Active
- Size
- 950 SF
- Property subtype
- Condominium
Building Details
- Year Built
- 1961
Listing office HomeSmart Realty Group (303) 910-8436
Listing date Aug 25, 2025
Source Kw
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Key Highlights
- Updated 3rd‑floor condo with modern kitchen featuring brand‑new countertops and stainless steel appliances.
- Access to clubhouse and pool.
- Private balcony with peaceful views.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.5k | $22.68 |
| − Vacancy | −$1.5k | −$1.59 |
| EGI | $20.0k | $21.09 |
| − OpEx | −$9.0k | −$9.49 |
| NOI | $11.0k | $11.60 |
