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Updated Duplex in Desirable Location

1426 Chippewa Trail, Wheeling, IL 60090

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For Sale

$380,000

Spacious, updated 4-bedroom duplex with modern amenities and convenient location.

Type:Condominium

Property size:

1,984 SF

Price / SF:

$191/SF

We can help!

Contact an agent

Jane Lee

HighLights

Extensive recent updates including a new roof, siding, Pella windows, patio door, furnace, and kitchen refresh.
Spacious 4‑bedroom, 2‑bath duplex with over 1,800 sq ft of living space.
Updated kitchen features custom cabinetry, modern countertops, and stainless steel appliances.
Desirable Malibu subdivision with an incredibly low HOA fee of $8 per month.
Large, updated backyard and attached two‑car garage.
Convenient Wheeling location near schools, parks, shopping, dining, and expressways.

For Sale

$380,000

Spacious, updated 4-bedroom duplex with modern amenities and convenient location.

Type:Condominium

Property size:

1,984 SF

Price / SF:

$191/SF

Added:: Aug 26, 2025
Days on Market:: 315
Last Refresh:: Jun 28 at 9:30 pm

Property Features for 1426 Chippewa Trail

General Information

Standard status: Active
Size: 1,984 SF
Property subtype: Condominium

Building Details

Year Built: 1984

We can help!

Contact an agent

Jane Lee

Listing office RE/MAX Top Performers

Listing date Aug 26, 2025

Source Kw

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 RE/MAX Top Performers

HighLights

Extensive recent updates including a new roof, siding, Pella windows, patio door, furnace, and kitchen refresh.
Spacious 4‑bedroom, 2‑bath duplex with over 1,800 sq ft of living space.
Updated kitchen features custom cabinetry, modern countertops, and stainless steel appliances.
Desirable Malibu subdivision with an incredibly low HOA fee of $8 per month.
Large, updated backyard and attached two‑car garage.
Convenient Wheeling location near schools, parks, shopping, dining, and expressways.

Overview

This updated duplex, located in the Malibu subdivision, features 4 bedrooms and 2 bathrooms. The property offers over 1,800 square feet of living space with an open floor plan. The main level includes an open-concept living and dining area with natural light, alongside an updated kitchen featuring custom cabinetry, modern countertops, and stainless steel appliances, including a cooktop oven, microwave, and dishwasher (scheduled for 2025) and a refrigerator (2018). Newer flooring (2018) and fresh paint (scheduled for 2025) enhance the interior. The upper level includes an oversized primary bedroom with closet space, three additional bedrooms, and a full, updated bathroom. The lower level features a family room, a full bathroom, and laundry facilities equipped with a new washer and dryer (2023). Updates include a new roof and exterior siding (scheduled for 2025), Pella windows and patio door (2023), a new furnace with duct cleaning (2024), a water heater (2019), and refreshed kitchen cabinets and countertops (2018). The backyard was updated in 2025. Additional features include an attached two-car garage and a large backyard. Located in Wheeling, the property is near schools, parks, shopping, dining, and expressways. The HOA fee is $8 per month.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$39.8k	$20.04
− Vacancy	−$3.0k	−$1.50
EGI	$36.8k	$18.54
− OpEx	−$11.0k	−$5.56
NOI	$25.7k	$12.98

1,984 SF · lease $20.04/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$367.8K

$321.8K – $429.1K (±1% cap)

NOI $25,744 @ 7.0% cap · market cap 6.77%

Second Best

Apartment 5plus

$328.8K

$287.7K – $383.6K (±1% cap)

NOI $23,016 @ 7.0% cap · market cap 6.06%

Theoretical Best

Office A

$685.0K

$599.4K – $799.2K (±1% cap)

NOI $47,949 @ 7.0% cap · market cap 12.62%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Wheeling
County: Cook
State: Illinois
Longitude: -87.9530794
Latitude: 42.1280907

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For sale
Duplexes
IL
Wheeling
60090
1426 Chippewa Trail

What type of property is this?

Duplex - Spacious, updated 4-bedroom duplex with modern amenities and convenient location.

Where is this duplex located?

The property is located at 1426 Chippewa Trail Wheeling, IL.

What is the asking price?

The asking price for this property is $380,000.

What are key features of this property?

This property features: Extensive recent updates including a new roof, siding, Pella windows, patio door, furnace, and kitchen refresh.; Spacious 4‑bedroom, 2‑bath duplex with over 1,800 sq ft of living space.; Updated kitchen features custom cabinetry, modern countertops, and stainless steel appliances.