Updated Residential Income
1209 Gulfstream Parkway Unit 1209, Libertyville, IL 60048
For Sale
New
$360,000
The end-unit, single-level residence includes a private patio and access to a garage.
Property Size1,260 SF
Days on Market6
Property Features for 1209 Gulfstream Parkway Unit 1209
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
gas fireplace
private patio
covered patio
custom blinds
LV flooring
stainless steel gas stove
French door stainless refrigerator
beautiful tile backsplash
under cabinet lighting
garbage disposal
front load washer and dryer
garage
Building Details
Building Size
Year Built
Stories
Listing Agency:
Berkshire Hathaway HomeServices Chicago
Listed By:
Therese Schaefer
(847) 878-0963
Source:
Realtorjamie
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 10 at 2:40PM
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 Chicago
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Investment Insights
Based on property information with market context.
Built in 1986, this end-unit ranch townhome has 2 bedrooms and 2 bathrooms arranged on one level. Updates completed in 2023 include flooring throughout and refreshed finishes in both bathrooms. The kitchen features a pantry, stainless steel gas range and French-door refrigerator, tile backsplash, under-cabinet lighting, and garbage disposal. A utility room with a front-load washer and dryer connects to the garage. Additional features include a remote-controlled gas fireplace, custom window blinds, and a covered patio.
Shopping, restaurants, and parks are a short distance away. The property is offered as-is.
Shopping, restaurants, and parks are a short distance away. The property is offered as-is.
Key Highlights
- Two‑bedroom, two‑bathroom end‑unit ranch townhome
- Single‑level floor plan; built in 1986
- Interior updates completed in 2023, including flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,551
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,020
$311.0K
Cap Rate 7%
$222,157
$222.2K
Cap Rate 9%
$172,789
$172.8K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$30.2K $24.00/SF
− Vacancy
−$2.0K −$1.56/SF
EGI
$28.3K $22.44/SF
− OpEx
−$12.7K −$10.10/SF
NOI
$15.6K $12.34/SF
Area
Lake County, IL
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,020
Cap Rate 7%
$222,157
Cap Rate 9%
$172,789
Alternative Uses
Best Use
Apartment 5plus
$222.2K
$194.4K – $259.2K
NOI $15,551 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.6K
$300.6K – $400.8K
NOI $24,050 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
985
Businesses Nearby
Explore this area
Business Placement
Demographics for 60048, IL
29,353
Population
10,826
Households
2.7
Avg Household Size
44
Median Age
71%
College-Educated
98%
High-School Grad
28.4 sq mi
ZIP Area
1,034
Density / Sq Mi
$169,283
Median Household Income
$83,333
Median Earnings
$1,569
Median Rent
$535,100
Median Home Value
Market
Properties on Market for Residential income properties in Lake County
Frequently Asked Questions
What type of property is this?
Residential income property - The end-unit, single-level residence includes a private patio and access to a garage.
Where is this residential income property located?
The property is located at 1209 Gulfstream Parkway Unit 1209 Libertyville, IL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom end‑unit ranch townhome; Single‑level floor plan; built in 1986; Interior updates completed in 2023, including flooring throughout
