Renovated
New
For Sale
$999,000
1041 Bonaventure Drive, Elk Grove Village, IL 60007
Three residential units offer a mix of existing tenancy and owner-use or leasing flexibility.
Property Size5,704 SF
Price / SF$175.14
Days on Market6
Property Features for 1041 Bonaventure Drive
General Information
Standard status
Active
Size
5,704 SF
Property subtype
Commercial
Zoning
OFFIC
Additional Details
Highway Access
Yes
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$39,647
Building Details
Building Size
5,704 SF
Year Built
1990
Buildings
1
Stories
1
Units
3
Construction
brick
Listing Agency:
Berkshire Hathaway HomeServices American Heritage
Listed By:
Rosanna DeFrenza · License #471019679
(847) 364-6030
Source:
Fishmangroup
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 1:24PM
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 Berkshire Hathaway HomeServices American Heritage
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Investment Insights
Based on property information with market context.
This 5,704-square-foot brick triplex contains three units. One unit underwent full demolition, while the other two were remodeled. Improvements include three renovated full bathrooms, a newly installed kitchen with appliances, updated flooring and paint, and refreshed plumbing, electrical, insulation, and fire alarm systems. The parking lot was resurfaced, and the property also has new fencing and LED lighting and fixtures.
Two units are rented; the third is available for leasing or owner occupancy. The building was constructed in 1990 and is zoned OFFIC. Interstate access is available to I-290 and I-390.
Two units are rented; the third is available for leasing or owner occupancy. The building was constructed in 1990 and is zoned OFFIC. Interstate access is available to I-290 and I-390.
Key Highlights
- 5,704‑square‑foot brick building with 3 units
- Two units are rented; one is available for leasing or owner occupancy
- One unit underwent full demolition; the other two were remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,015
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,480,300
$1.5M
Cap Rate 7%
$1,057,357
$1.1M
Cap Rate 9%
$822,389
$822.4K
Market Conditions
NOI Build-Up for 5,704 SF
Gross rent
$114.3K $20.04/SF
− Vacancy
−$8.6K −$1.50/SF
EGI
$105.7K $18.54/SF
− OpEx
−$31.7K −$5.56/SF
NOI
$74.0K $12.98/SF
Area
Cook County, IL
Vacancy
7.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,480,300
Cap Rate 7%
$1,057,357
Cap Rate 9%
$822,389
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$925.2K – $1.23M
NOI $74,015 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$945.3K
$827.1K – $1.10M
NOI $66,171 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,853 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
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Business Placement
Demographics for 60007, IL
33,670
Population
13,580
Households
2.5
Avg Household Size
45
Median Age
41%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
1,860
Density / Sq Mi
$95,240
Median Household Income
$54,762
Median Earnings
$1,574
Median Rent
$334,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer a mix of existing tenancy and owner-use or leasing flexibility.
Where is this triplex located?
The property is located at 1041 Bonaventure Drive Elk Grove Village, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 5,704‑square‑foot brick building with 3 units; Two units are rented; one is available for leasing or owner occupancy; One unit underwent full demolition; the other two were remodeled
