Park Ridge Top-Floor
For Sale
$179,800
1333 W Touhy Avenue #303 Park, Park Ridge, IL 60068
Bright, 1-bed, 1-bath condo in prime Park Ridge location.
Property Size850 SF
Days on Market317
Property Features for 1333 W Touhy Avenue #303 Park
General Information
Standard status
Active
Size
850 SF
Property subtype
Condominium
Amenities
Steam
Wall Unit(s)
Baseboard
Building Details
Building Size
850 SF
Year Built
1968
Listing Agency:
Jameson Sotheby's Intl Realty
Listed By:
Sarah Kazarian
(847) 769-6191
Source:
Kw
Added: Dec 1, 2025
Changed: Oct 4
Last Checked: Oct 12 at 4:54PM
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 Jameson Sotheby's Intl Realty
Investment Insights
Based on property information with market context.
This bright, freshly painted 1-bed/1-bath condo offers 850 sq ft of living space. It is located in Park Ridge, providing access to the Metra, Pace buses, restaurants, entertainment, and fitness centers. This top-floor end unit includes one parking spot in the heated garage and one outdoor space. The building features an elevator, coin laundry, and assigned storage. The unit has a spacious, open kitchen with abundant cabinets and counter space.
Key Highlights
- Prime Park Ridge location with easy access to Metra, Pace buses, restaurants, entertainment, and fitness centers.
- Top‑floor end unit with gorgeous sunset views.
- Includes two parking spots: one heated garage space and one outdoor space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,861
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,220
$197.2K
Cap Rate 7%
$140,871
$140.9K
Cap Rate 9%
$109,567
$109.6K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$19.3K $22.68/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$17.9K $21.09/SF
− OpEx
−$8.1K −$9.49/SF
NOI
$9.9K $11.60/SF
Area
Cook 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%
$197,220
Cap Rate 7%
$140,871
Cap Rate 9%
$109,567
Alternative Uses
Best Use
Apartment 5plus
$140.9K
$123.3K – $164.4K
NOI $9,861 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$293.5K
$256.8K – $342.4K
NOI $20,543 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
Explore this area
Business Placement
Demographics for 60068, IL
39,672
Population
15,999
Households
2.5
Avg Household Size
44
Median Age
65%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,435
Density / Sq Mi
$138,201
Median Household Income
$78,495
Median Earnings
$1,511
Median Rent
$539,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Bright, 1-bed, 1-bath condo in prime Park Ridge location.
Where is this apartment building located?
The property is located at 1333 W Touhy Avenue #303 Park Park Ridge, IL.
What is the asking price?
The asking price for this property is $179,800.
What are key features of this property?
This property features: Prime Park Ridge location with easy access to Metra, Pace buses, restaurants, entertainment, and fitness centers.; Top‑floor end unit with gorgeous sunset views.; Includes **two parking spots**: one heated garage space and one outdoor space.
