First-Floor
1028 Rockport Drive, Carol Stream, IL 60188
For Sale
$275,000
Pending
The unit includes in-home laundry, a covered patio, and a living area with a fireplace.
Property Size1,000 SF
Days on Market25
Property Features for 1028 Rockport Drive
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fireplace
in-unit laundry
covered patio
stainless steel appliances
pantry
Building Details
Building Size
Year Built
Listing Agency:
Legacy Properties, A Sarah Leonard Company, LLC
(224) 239-3966
Listed By:
Sarah Leonard · License #475122634
(224) 999-9100
Source:
Wenzelselectproperties
Added: Oct 16
Changed: Nov 5
Last Checked: Nov 8 at 10:46AM
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 Legacy Properties, A Sarah Leonard Company, LLC
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Investment Insights
Based on property information with market context.
This first-floor condominium offers 2 bedrooms and 2 full bathrooms across 1,000 square feet. The living area has a fireplace and connects to a dining area. The kitchen includes stainless steel appliances, a pantry, and ample cabinet storage. Both bedrooms have closet space, and laundry is located in the unit. A covered patio faces the community’s common areas.
Recorded property updates include a furnace installed in 2023, a water heater from 2019, and air conditioning and a garbage disposal updated in 2026. The roof is approximately 5 years old.
Recorded property updates include a furnace installed in 2023, a water heater from 2019, and air conditioning and a garbage disposal updated in 2026. The roof is approximately 5 years old.
Key Highlights
- Two bedrooms and two full bathrooms in 1,000 square feet
- First‑floor condo with a covered patio overlooking common areas
- Fireplace in the living area; separate dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,601
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,020
$232.0K
Cap Rate 7%
$165,729
$165.7K
Cap Rate 9%
$128,900
$128.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$22.7K $22.68/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$21.1K $21.09/SF
− OpEx
−$9.5K −$9.49/SF
NOI
$11.6K $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%
$232,020
Cap Rate 7%
$165,729
Cap Rate 9%
$128,900
Alternative Uses
Best Use
Apartment 5plus
$165.7K
$145.0K – $193.4K
NOI $11,601 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.7K
$238.6K – $318.1K
NOI $19,087 @ 7.0% cap · market cap 6.94%
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
453
Businesses Nearby
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Business Placement
Demographics for 60188, IL
43,053
Population
15,710
Households
2.7
Avg Household Size
39
Median Age
44%
College-Educated
90%
High-School Grad
10.1 sq mi
ZIP Area
4,263
Density / Sq Mi
$107,560
Median Household Income
$47,343
Median Earnings
$1,465
Median Rent
$311,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in DuPage County, IL
Properties on Market for Residential income properties in DuPage County
Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes in-home laundry, a covered patio, and a living area with a fireplace.
Where is this residential income property located?
The property is located at 1028 Rockport Drive Carol Stream, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in 1,000 square feet; First‑floor condo with a covered patio overlooking common areas; Fireplace in the living area; separate dining area
