Residential Income Property with
For Sale
$179,900
1000 S Lorraine Road Unit 104, Wheaton, IL 60189
First-floor access, outdoor space, and storage complement this east-facing residence.
Property Size750 SF
Days on Market20
Property Features for 1000 S Lorraine Road Unit 104
General Information
Standard status
Active
Size
750 SF
Property subtype
Ground Level Ranch
Taxes and HOA fees
Annual Taxes
$1,019
Building Details
Building Size
750 SF
Year Built
1971
Listing Agency:
RE/MAX Suburban
Listed By:
Lance Kammes · License #475090263
(630) 653-1900
Source:
Loncarrealty
Added: Sep 16
Changed: Sep 30
Last Checked: Oct 4 at 4:10PM
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 RE/MAX Suburban
Investment Insights
Based on property information with market context.
This east-facing, first-floor residence was built in 1971 and has new luxury vinyl flooring in the living room, dining area, and bedroom. The kitchen has a Frigidaire refrigerator identified as new for 2026, and a Bosch stackable washer and dryer. Garage parking, outdoor space, and storage are part of the property.
The building offers a lobby and sitting area, mailroom, security system, and covered front entry. Heat, gas, water, garbage service, landscaping, and snow removal are included through the HOA.
The building offers a lobby and sitting area, mailroom, security system, and covered front entry. Heat, gas, water, garbage service, landscaping, and snow removal are included through the HOA.
Key Highlights
- First‑floor residence with east‑facing exposure
- Garage parking, outdoor space, and storage
- New luxury vinyl flooring in the living room, dining area, and bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,701
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,020
$174.0K
Cap Rate 7%
$124,300
$124.3K
Cap Rate 9%
$96,678
$96.7K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$17.0K $22.68/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$15.8K $21.09/SF
− OpEx
−$7.1K −$9.49/SF
NOI
$8.7K $11.60/SF
Area
DuPage 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%
$174,020
Cap Rate 7%
$124,300
Cap Rate 9%
$96,678
Alternative Uses
Best Use
Apartment 5plus
$124.3K
$108.8K – $145.0K
NOI $8,701 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.9K
$226.6K – $302.1K
NOI $18,126 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 60189, IL
30,377
Population
12,397
Households
2.5
Avg Household Size
42
Median Age
66%
College-Educated
97%
High-School Grad
10.4 sq mi
ZIP Area
2,921
Density / Sq Mi
$124,886
Median Household Income
$65,143
Median Earnings
$1,747
Median Rent
$467,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor access, outdoor space, and storage complement this east-facing residence.
Where is this residential income property located?
The property is located at 1000 S Lorraine Road Unit 104 Wheaton, IL.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: First‑floor residence with east‑facing exposure; Garage parking, outdoor space, and storage; New luxury vinyl flooring in the living room, dining area, and bedroom
