Penthouse Duplex with Heated
For Sale
$335,000
7805 W 157th Street #2S Orland, Orland Park, IL 60462
Spacious penthouse duplex with modern amenities and convenient location.
Property Size2,575 SF
Days on Market266
Property Features for 7805 W 157th Street #2S Orland
General Information
Standard status
Active
Size
2,575 SF
Property subtype
Condominium
Amenities
Natural Gas
Central Air
Forced Air
Range
Microwave
Dishwasher
Refrigerator
Washer
Dryer
Stainless Steel Appliance(s)
Deck
Building Details
Building Size
2,575 SF
Year Built
1997
Listing Agency:
Redfin Corporation
(224) 699-5002
Listed By:
Kimberly Oehmke
(224) 699-5002
Source:
Kw
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 20 at 7:31PM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This penthouse duplex features over 2500 square feet, including three bedrooms and three bathrooms with two primary suites. The property includes an attached heated garage with a two-car tandem space and a storage closet. Two outdoor spaces are available: a balcony off the dining room with east exposure and a sunroom located off the second primary suite on the second level. The home features vaulted ceilings in the living, dining, and family rooms, along with an open kitchen equipped with stainless steel appliances. A laundry room is located on the main level, and every bedroom has walk-in closets. The family room on the second level includes a wet bar, vaulted ceilings, and skylights. Recent building improvements include a newer roof, skylights, siding, and balcony carpet. The unit features newer appliances, including the washer and dryer, flooring, lighting, and fireplace surround with sconces. The bathrooms have newer countertops and toilets. The primary bath on the main floor has a whirlpool tub and a separate shower. The building is located close to shopping, restaurants, and entertainment options.
Key Highlights
- Penthouse duplex with over 2500 sq. ft. featuring 2 primary suites.
- Attached heated 2‑car tandem garage with storage.
- Enjoy two outdoor spaces: a balcony and a sunroom.
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
$29,872
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
8.92%
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%
$597,440
$597.4K
Cap Rate 7%
$426,743
$426.7K
Cap Rate 9%
$331,911
$331.9K
Market Conditions
NOI Build-Up for 2,575 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
$58.4K $22.68/SF
− Vacancy
−$4.1K −$1.59/SF
EGI
$54.3K $21.09/SF
− OpEx
−$24.4K −$9.49/SF
NOI
$29.9K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
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%
$597,440
Cap Rate 7%
$426,743
Cap Rate 9%
$331,911
Alternative Uses
Best Use
Apartment 5plus
$426.7K
$373.4K – $497.9K
NOI $29,872 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$889.0K
$777.9K – $1.04M
NOI $62,232 @ 7.0% cap · market cap 18.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Explore this area
Business Placement
Demographics for 60462, IL
40,539
Population
17,335
Households
2.3
Avg Household Size
45
Median Age
45%
College-Educated
94%
High-School Grad
16.0 sq mi
ZIP Area
2,534
Density / Sq Mi
$96,747
Median Household Income
$52,902
Median Earnings
$1,393
Median Rent
$330,400
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?
Apartment building - Spacious penthouse duplex with modern amenities and convenient location.
Where is this apartment building located?
The property is located at 7805 W 157th Street #2S Orland Orland Park, IL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Penthouse duplex with over 2500 sq. ft. featuring 2 primary suites.; Attached heated 2‑car tandem garage with storage.; Enjoy two outdoor spaces: a balcony and a sunroom.
