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    7809 Woodward Ave Woodridge, IL 60517

    Sponsored
    For Sale
    Under Contract
    $975,000

    MULTI_FAMILY - Woodridge, IL

    Lot size:
    0.08 Acres
    Days on Market:
    23
    Last Refresh:
    Feb 4 at 1:06 am

    Property Features for 7809 Woodward Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 2, Bedroom 8, Bedroom 9, Bathroom 1, Bedroom 4, Basement, Bedroom 11, Bedroom 5, Bedroom 6, Bedroom 10, Bathroom 5, Bathroom 3, Bathroom 6, Bedroom 7, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 4
    Bedrooms
    11
    APN
    0930301024
    Basement
    Finished
    Lot size
    0.08 Acres

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1980
    Floors in Building
    3
    Number of units
    6
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Edward Hall

    Baird & Warner (630) 853-2370

    Listing agent Edward Hall (630) 205-4700

    Listing date Jan 13, 2026

    MLS# 12541561 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.

    Learn more

    Property Insight Report

    Overview

    Woodridge Multifamily Investment Opportunity

    This six-unit all-brick apartment building is an exceptional investment opportunity, ideally situated in the sought-after Woodridge area, adjacent to the Village Green Golf Course. Five out of the six apartments have been remodeled or updated. Improvements include new appliances since 2023, luxury plank vinyl floors, tiled backsplashes in kitchens, new or refreshed kitchen cabinets, and bathrooms updated with vanities, fixtures, and tub enclosures. All new locks, hardware on doors, and light fixtures have been installed. The laundry area features two newer leased washer and dryer units. Each apartment includes a storage locker and two sleeve window air conditioners. A newer boiler is in place. The property includes four decks and two patios. The apartment composition consists of five two-bedroom apartments, each approximately 1000 square feet, and one one-bedroom apartment approximately 750 square feet. The location is prime for attracting tenants seeking convenience and comfort, with proximity to I-355, Downtown Naperville, and the Bolingbrook Promenade. Each unit is designed to maximize space and functionality, ensuring tenant satisfaction and rental demand. This property is suitable for both new and seasoned investors looking to start or expand their portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodridge
    County
    DuPage
    State
    Illinois
    Longitude
    -88.029982
    Latitude
    41.743622

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building near Village Green Golf Course.
    Where is this apartment building located?
    The property is located at 7809 Woodward Ave Woodridge, IL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - All brick 6-unit apartment building, offering durability and low maintenance.; - 5 out of 6 apartments have been remodeled/updated with new appliances (since 2023), **luxury plank vinyl floors, tiled backsplashes**, refreshed cabinets, updated bathrooms, and new fixtures.; - Prime location in Woodridge, adjacent to Village Green Golf Course, near I-355, Downtown Naperville, and Bolingbrook Promenade.
    (630) 205-4700
    Request Owner's contact information
    7809 Woodward Ave Woodridge, IL 60517
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    Woodridge, IL 60517
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    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
    7809 Woodward Ave Woodridge, IL 60517
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    We can help!
    Listing Contact
    Edward Hall
    Real Estate License ID: 471008452
    (630) 205-4700
    Learn more
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