Sandpebble Walk Condo with
For Sale
$215,000
1550 Sandpebble Drive #307, Wheeling, IL 60090
Spacious 2-bedroom condo with balcony and community amenities.
Property Size1,280 SF
Price / SF$167.97
Days on Market406
Property Features for 1550 Sandpebble Drive #307
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Condominium
Amenities
Forced Air
Central Air
Natural Gas
Range
Microwave
Dishwasher
Refrigerator
Disposal
Deck
Building Details
Building Size
1,280 SF
Year Built
1973
Listing Agency:
Redfin Corporation
Listed By:
Stacey Dombar
(312) 836-4263
Source:
Kw
Added: Aug 26, 2025
Changed: Sep 27
Last Checked: Oct 4 at 7:20AM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
Located in the Sandpebble Walk community, this third-floor unit features 2 bedrooms and 2 bathrooms. The property includes a large living and dining area with a private balcony. The eat-in kitchen is equipped with stainless steel appliances and a pantry. The bedrooms are generously sized and offer ample closet space. The building is equipped with an elevator and provides a laundry room, bike room, and additional storage. Community amenities include tennis courts, an outdoor pool, a clubhouse, a playground, a party room, and bike/walking trails. The location provides convenient access to grocery stores, shopping, dining, I-294, and I-290. The property size is 1280 square feet.
Key Highlights
- Enjoy community amenities including tennis courts, outdoor pool, clubhouse, playground, party room, and scenic bike/walking trails.
- Convenient location: close to grocery stores, shopping, dining, and easy access to I‑294 and I‑290.
- Spacious 2‑bedroom, 2‑bathroom unit with a private balcony.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,849
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,980
$297.0K
Cap Rate 7%
$212,129
$212.1K
Cap Rate 9%
$164,989
$165.0K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$29.0K $22.68/SF
− Vacancy
−$2.0K −$1.59/SF
EGI
$27.0K $21.09/SF
− OpEx
−$12.1K −$9.49/SF
NOI
$14.8K $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%
$296,980
Cap Rate 7%
$212,129
Cap Rate 9%
$164,989
Alternative Uses
Best Use
Apartment 5plus
$212.1K
$185.6K – $247.5K
NOI $14,849 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.9K
$386.7K – $515.6K
NOI $30,935 @ 7.0% cap · market cap 14.39%
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
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 60090, IL
39,017
Population
15,960
Households
2.4
Avg Household Size
39
Median Age
40%
College-Educated
88%
High-School Grad
9.0 sq mi
ZIP Area
4,335
Density / Sq Mi
$83,449
Median Household Income
$45,436
Median Earnings
$1,578
Median Rent
$243,500
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 - Spacious 2-bedroom condo with balcony and community amenities.
Where is this apartment building located?
The property is located at 1550 Sandpebble Drive #307 Wheeling, IL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Enjoy community amenities including tennis courts, outdoor pool, clubhouse, playground, party room, and scenic bike/walking trails.; Convenient location: close to grocery stores, shopping, dining, and easy access to I‑294 and I‑290.; Spacious 2‑bedroom, 2‑bathroom unit with a private balcony.
