Sandpebble Walk Condo with
1550 Sandpebble Drive #307 Wheeling, IL 60090
1550 Sandpebble Drive #307, Wheeling, IL, 60090
$215,000
For Sale
$215,000
Spacious 2-bedroom condo with balcony and community amenities.
Property Size1,280 SF
Price / SF$167.97
Days on Market330
Property Features for 1550 Sandpebble Drive #307
General Information
- Standard status
- Active
- Size
- 1,280 SF
- Property subtype
- Condominium
Building Details
- Year Built
- 1973
Listing agency
Redfin Corporation
(312) 836-4263
Listed by
Stacey Dombar
(312) 836-4263
Source
Kw
Added: Aug 26, 2025 Updated: Jul 6 at 8:18AM Checked: Jul 20 at 4:16AM
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.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.0k | $22.68 |
| − Vacancy | −$2.0k | −$1.59 |
| EGI | $27.0k | $21.09 |
| − OpEx | −$12.1k | −$9.49 |
| NOI | $14.8k | $11.60 |
1,280 SF · lease $22.68/SF/yr · vacancy 7.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
O’hare Taxi Cab
Courier Service
Lit By Hristina
Home Decor Store
Similar For Sale Nearby
FAQs
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.
