Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    740 N Junior Terrace Elmhurst, IL 60126

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $449,500

    LAND - Elmhurst, IL

    Lot size:
    0.47 Acres
    Added:
    Dec 8, 2025
    Days on Market:
    131
    Last Refresh:
    Apr 18 at 10:06 pm

    Property Features for 740 N Junior Terrace

    General Information

    Property type
    Land
    Property subtype
    Other
    Rooms
    Laundry Room
    Parking
    5
    Parking features
    Garage
    Fireplace
    1
    Standard status
    Active Under Contract
    APN
    0327406020
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    9111

    Utilities

    Utilities
    Water Available
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Building materials
    Vinyl Siding, Brick
    Additional Structures
    Residence

    We can help!

    Listing Contact
    Bob Shiga

    Listing agent Bob Shiga License #475123860

    Listing office RE/MAX Liberty 1100 Nerge Rd. Ste. 204, Elk Grove Village, IL

    Listing date Dec 8, 2025

    MLS# 12529756 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elmhurst Land Value Opportunity

    This property features a partially fenced 0.47-acre (mol) wooded lot. It includes an attached and heated 3-car garage, plus a detached 2-car garage with an electric door opener. The site also has a shed and patio. The existing structure includes a wood-burning fireplace in the family room on the main level, an extra-wide staircase to the upper level, and a spacious formal living room with a 21.6 X 6.6 deck. There are also large bedrooms with a 29 X 6 deck. Updates include central air conditioning (2015) and a hot water heater (2007). The property has 100 amp electrical service with breakers and a paver brick driveway. The real estate and all personal property are conveyed in 'as-is' condition, and the buyer is responsible for removing any personal property on the premises. The property is located near shopping, retail, and major expressways such as I-290, I-294, I-355, and routes 83/53, and is within the desirable Elmhurst school district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    DuPage
    State
    Illinois
    Longitude
    -87.964745
    Latitude
    41.921396

    Nearby Similar for Sale

    • $565,000

      Oversized Lot in Elmhurst, IL

      Rare opportunity to build a dream home on an oversized lot.
      270 E Saint Charles Road, Elmhurst, IL 60126
      View Details
    • $390,000

      Elmhurst Vacant Lot Opportunity

      Ready-to-build lot in Elmhurst with convenient access to Chicagoland.
      426 E Harrison Street, Elmhurst, IL 60126
      View Details
    • $549,900

      Residential Land in Desirable Elmhurst

      Large lot near park, shopping, and new construction homes.
      655 W Comstock Avenue, Elmhurst, IL 60126
      View Details
    • $3,100,000
      26,562 SF

      Elmhurst Professional Office Building

      26,562 SF office building with 14 executive suites.
      533 W. North Avenue, Elmhurst, IL 60126
      View Details
    • $3,100,000
      26,562 SF

      DuPage Medical Professional Office For Sale

      26,562 SF office building with 14 executive suites.
      533 W. North Avenue, Elmhurst, IL 60126
      View Details
    • $1,403,000
      2,640 SF

      Elmhurst Restaurant Property For Sale

      Restaurant property with drive-through and long-term lease in place.
      872 N York St, Elmhurst, IL
      View Details
    • $1,600,000

      Rehabbed 6-Unit Building Elmhurst

      Fully renovated 6-unit apartment building in prime Elmhurst location.
      110 North Willow Road, Elmhurst, IL 60126
      View Details
    • Contact for pricing
      30,963 SF

      Elmhurst Flex Space Available

      Flex space near I-290 and York Road interchange.
      851-853 Industrial Drive, Elmhurst, IL 60126
      View Details
    • $4,200,000
      13,000 SF

      13,000 SF Retail Building

      Retail building with 13,000 SF of space for sale.
      174 N York St, Elmhurst, IL 60126
      View Details
    • Contact for pricing
      8,080 SF

      Elmhurst Commercial Building For Sale

      One-story building in a commercial corridor near Elmhurst Crossing.
      711 W. St. Charles Road, elmhurst, IL 60126
      View Details
    • $3,100,000
      26,562 SF

      Elmhurst Office Building For Sale

      26,562 SF office building with executive suites and parking.
      533 W N Ave, Elmhurst, IL
      View Details
    • Contact for pricing
      3,378 SF

      Modern Office Building For Sale

      Well-maintained office building with high traffic and modern construction.
      400 W Lake St, Elmhurst, IL
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Half-acre wooded lot with structures in Elmhurst, being sold as-is.
    Where is this residential land & home lot located?
    The property is located at 740 N Junior Terrace Elmhurst, IL.
    What is the asking price?
    The asking price for this property is $449,500.
    What are key features of this property?
    This property features: Half‑acre (mol) wooded lot in a private, partially fenced setting.; Attached and heated **3‑car garage** plus detached 2‑car garage.; Convenient location near I‑290, I‑294, I‑355, and Rts 83/53, shopping, and retail.
    (847) 217-5795
    We can help!
    Listing Contact
    Bob Shiga
    Real Estate License ID: 475123860
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!