Residential Townhome with
8832 Rust Street Unit 2, Willow Springs, IL 60480
For Sale
$445,000
New construction offers a study, an unfinished basement, and an attached garage.
Property Size1,590 SF
Price / SF$279.87
Days on Market271
Property Features for 8832 Rust Street Unit 2
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Republic Realty L.L.C.
(630) 956-2600
Listed By:
John Curran
Source:
Purveyproperties
Added: Feb 16
Changed: Nov 8
Last Checked: Nov 13 at 8:03PM
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 Republic Realty L.L.C.
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Investment Insights
Based on property information with market context.
Completed in 2025, this two-bedroom townhome has approximately 1,590 square feet, two full bathrooms, and an unfinished basement. The plan includes an eat-in kitchen, formal dining room, great room, laundry room, and attached two-car garage.
A study provides an additional flexible room and may serve as a third bedroom. The primary bedroom has a full bathroom, with a second full bath off the hallway.
A study provides an additional flexible room and may serve as a third bedroom. The primary bedroom has a full bathroom, with a second full bath off the hallway.
Key Highlights
- 2025 construction with approximately 1,590 square feet
- Two bedrooms, two full bathrooms, and a study that can serve as a third bedroom
- Unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,445
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,900
$368.9K
Cap Rate 7%
$263,500
$263.5K
Cap Rate 9%
$204,944
$204.9K
Market Conditions
NOI Build-Up for 1,590 SF
Gross rent
$36.1K $22.68/SF
− Vacancy
−$2.5K −$1.59/SF
EGI
$33.5K $21.09/SF
− OpEx
−$15.1K −$9.49/SF
NOI
$18.4K $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%
$368,900
Cap Rate 7%
$263,500
Cap Rate 9%
$204,944
Alternative Uses
Best Use
Apartment 5plus
$263.5K
$230.6K – $307.4K
NOI $18,445 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$610.6K
$534.2K – $712.3K
NOI $42,739 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
Demographics for 60480, IL
5,272
Population
2,441
Households
2.2
Avg Household Size
47
Median Age
38%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
471
Density / Sq Mi
$97,311
Median Household Income
$52,660
Median Earnings
$1,328
Median Rent
$355,600
Median Home Value
Market
Properties on Market for Residential income properties in Cook County
Frequently Asked Questions
What type of property is this?
Residential income property - New construction offers a study, an unfinished basement, and an attached garage.
Where is this residential income property located?
The property is located at 8832 Rust Street Unit 2 Willow Springs, IL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2025 construction with approximately 1,590 square feet; Two bedrooms, two full bathrooms, and a study that can serve as a third bedroom; Unfinished basement
