Duplex Residential Income
For Sale
$400,000
1127 Freedom Road, Elburn, IL 60119
Built in 2018, the residence has a finished English basement and opens to a backyard deck overlooking a pond.
Property Size1,571 SF
Price / SF$254.61
Days on Market18
Property Features for 1127 Freedom Road
General Information
Standard status
Active
Size
1,571 SF
Total Parking Spaces
2
Property subtype
1/2 Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,301
Building Details
Building Size
1,571 SF
Year Built
2018
Listing Agency:
Keller Williams Inspire
(630) 935-4739
Listed By:
Anne Kothe · License #475164923
(630) 377-6200
Source:
Premier-relocation
Added: Oct 15
Changed: Oct 30
Last Checked: Oct 30 at 3:41PM
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 Keller Williams Inspire
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Investment Insights
Based on property information with market context.
Built in 2018, this 1,571-square-foot duplex features an open layout, wood laminate floors, and a finished English basement with lookout windows. The kitchen has custom white cabinetry, quartz counters, stainless-steel appliances, and a center island with seating. Sliding doors connect the family room to a deck and backyard facing a pond. Upstairs, the primary suite includes a walk-in closet and private bath with a double vanity and walk-in shower. Two additional bedrooms, a guest bath, and a laundry room complete the upper level. A two-car garage is also included.
Walking and biking paths, shopping, dining, the Metra station, and Elburn amenities are accessible from the property.
Walking and biking paths, shopping, dining, the Metra station, and Elburn amenities are accessible from the property.
Key Highlights
- Duplex built in 2018
- 1,571 square feet
- Finished English basement with lookout windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,225
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,500
$364.5K
Cap Rate 7%
$260,357
$260.4K
Cap Rate 9%
$202,500
$202.5K
Market Conditions
NOI Build-Up for 1,571 SF
Gross rent
$35.6K $22.68/SF
− Vacancy
−$2.5K −$1.59/SF
EGI
$33.1K $21.09/SF
− OpEx
−$14.9K −$9.49/SF
NOI
$18.2K $11.60/SF
Area
Kane 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%
$364,500
Cap Rate 7%
$260,357
Cap Rate 9%
$202,500
Alternative Uses
Best Use
Apartment 5plus
$260.4K
$227.8K – $303.8K
NOI $18,225 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$542.4K
$474.6K – $632.8K
NOI $37,968 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
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Business Placement
Demographics for 60119, IL
10,905
Population
4,595
Households
2.4
Avg Household Size
41
Median Age
51%
College-Educated
98%
High-School Grad
49.6 sq mi
ZIP Area
220
Density / Sq Mi
$124,058
Median Household Income
$62,747
Median Earnings
$1,620
Median Rent
$366,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 2018, the residence has a finished English basement and opens to a backyard deck overlooking a pond.
Where is this residential income property located?
The property is located at 1127 Freedom Road Elburn, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Duplex built in 2018; 1,571 square feet; Finished English basement with lookout windows
