Updated Condo with Pond
For Sale
$177,500
13620 Lamon Avenue #417, Crestwood, IL 60418
Move-in ready condo featuring modern updates and tranquil pond views.
Property Size1,000 SF
Price / SF$177.50
Days on Market405
Property Features for 13620 Lamon Avenue #417
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Condominium
Amenities
Natural Gas
Central Air
Forced Air
Range
Dishwasher
Refrigerator
Washer
Dryer
Disposal
Range Hood
Water Front
Building Details
Building Size
1,000 SF
Year Built
1977
Listing Agency:
eXp Realty
Listed By:
Beata Krasowski · License #475124240
(708) 263-5283
Source:
Kw
Added: Aug 27, 2025
Changed: Sep 20
Last Checked: Oct 4 at 7:17AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This updated second-floor condo features a new kitchen with white cabinets and quartz countertops. Fresh paint and new laminate flooring are present throughout the 2-bedroom, 2-bath home. The layout is open and designed for comfortable living. The living and dining room flow into the kitchen and open to a large balcony with pond views, accessible from both the living room and kitchen. The primary suite includes a walk-in closet and a private bath with the vanity located outside the shower area. The second bath is oversized with an extended counter. Additional features include a full-size laundry room off the foyer, and a furnace/hot water heater located in the balcony utility room. All appliances are included. Residents have access to a clubhouse and pool. The property is located in a desirable subdivision where condos are rarely available.
Key Highlights
- Completely updated with a brand‑new kitchen featuring white cabinets and quartz countertops, plus new laminate flooring throughout.
- Spacious 2‑bedroom, 2‑bath condo with a bright, open layout.
- Large balcony with serene pond views accessible from both the living room and kitchen.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,601
Cap Rate
6.54%
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
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%
$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 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.3K
$302.1K – $402.8K
NOI $24,168 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Explore this area
Business Placement
Demographics for 60418, IL
10,813
Population
5,331
Households
2
Avg Household Size
49
Median Age
23%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
3,604
Density / Sq Mi
$69,237
Median Household Income
$52,518
Median Earnings
$1,300
Median Rent
$187,600
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 - Move-in ready condo featuring modern updates and tranquil pond views.
Where is this apartment building located?
The property is located at 13620 Lamon Avenue #417 Crestwood, IL.
What is the asking price?
The asking price for this property is $177,500.
What are key features of this property?
This property features: Completely updated with a brand‑new kitchen featuring white cabinets and quartz countertops, plus new laminate flooring throughout.; Spacious 2‑bedroom, 2‑bath condo with a bright, open layout.; Large balcony with serene pond views accessible from both the living room and kitchen.
