3-Bedroom Residential Income
8753 S Kostner Avenue, Hometown, IL 60456
For Sale
$265,000
Pending
A second-floor primary suite adds a separate private bath and walk-in closet.
Property Size1,638 SF
Days on Market106
Property Features for 8753 S Kostner Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fenced backyard
front porch wood deck
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty
(779) 225-0677
Listed By:
Krystal Ruggiero
Source:
Townrealtychicago
Added: Jul 27
Changed: Nov 2
Last Checked: Nov 3 at 8:58AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1953, this 1,638-square-foot residence has three bedrooms and two full bathrooms. The upper-level primary suite includes its own bath and walk-in closet, while two bedrooms are located on the main floor. A skylight brings natural light into one of the main-level bedrooms. The kitchen has newer appliances, and the dining area features bay windows. Stained-glass windows are present in multiple areas of the home.
Outdoor features include a fenced backyard, a wood-deck front porch, and a one-car garage. The property is located at 8753 S Kostner Avenue in Hometown, Illinois.
Outdoor features include a fenced backyard, a wood-deck front porch, and a one-car garage. The property is located at 8753 S Kostner Avenue in Hometown, Illinois.
Key Highlights
- 1,638‑square‑foot residence built in 1953
- Three bedrooms and two full bathrooms
- Upper‑level primary suite with private bath and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,002
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,040
$380.0K
Cap Rate 7%
$271,457
$271.5K
Cap Rate 9%
$211,133
$211.1K
Market Conditions
NOI Build-Up for 1,638 SF
Gross rent
$37.1K $22.68/SF
− Vacancy
−$2.6K −$1.59/SF
EGI
$34.5K $21.09/SF
− OpEx
−$15.5K −$9.49/SF
NOI
$19.0K $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 Rate 5%
$380,040
Cap Rate 7%
$271,457
Cap Rate 9%
$211,133
Alternative Uses
Best Use
Apartment 5plus
$271.5K
$237.5K – $316.7K
NOI $19,002 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$629.0K
$550.4K – $733.8K
NOI $44,029 @ 7.0% cap · market cap 16.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
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Business Placement
Demographics for 60456, IL
4,343
Population
1,916
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
8,686
Density / Sq Mi
$59,265
Median Household Income
$42,091
Median Earnings
$812
Median Rent
$152,000
Median Home Value
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Market
Properties on Market for Residential income properties in Cook County
Frequently Asked Questions
What type of property is this?
Residential income property - A second-floor primary suite adds a separate private bath and walk-in closet.
Where is this residential income property located?
The property is located at 8753 S Kostner Avenue Hometown, IL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,638‑square‑foot residence built in 1953; Three bedrooms and two full bathrooms; Upper‑level primary suite with private bath and walk‑in closet
