Residential Income Property with Finished
For Sale
$395,000
15801 Cove Circle Unit 0, Plainfield, IL 60544
A two-story, three-bedroom home includes a finished basement, attached two-car garage, and appliances that remain.
Property Size1,972 SF
Price / SF$200.30
Days on Market57
Property Features for 15801 Cove Circle Unit 0
General Information
Standard status
Active
Size
1,972 SF
Total Parking Spaces
2
Property subtype
Condo-Duplex
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,563
Building Details
Building Size
1,972 SF
Year Built
2008
Buildings
1
Stories
2
Listing Agency:
Circle One Realty
(630) 862-5181
Listed By:
Ryan Cherney · License #471019427
(630) 528-2300
Source:
Angelawalkerhomes
Added: Sep 3
Changed: Oct 27
Last Checked: Oct 26 at 3:23PM
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 Circle One Realty
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Investment Insights
Based on property information with market context.
Built in 2008, this two-story home has three bedrooms and two-and-a-half bathrooms. The main level connects the living, dining, and kitchen areas, with a fireplace in the living room. The primary suite includes a walk-in closet and private bathroom with a separate shower, soaking tub, and double-sink vanity. Kitchen appliances are included, and a full finished basement adds additional interior space. An attached two-car garage provides parking and storage.
Recent work includes a water heater installed in 2024, refreshed interior paint, and professionally cleaned carpets. The home is near restaurants, parks, and other local amenities.
Recent work includes a water heater installed in 2024, refreshed interior paint, and professionally cleaned carpets. The home is near restaurants, parks, and other local amenities.
Key Highlights
- Three bedrooms and two‑and‑a‑half bathrooms
- Full finished basement
- Two‑story home built in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,877
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,540
$457.5K
Cap Rate 7%
$326,814
$326.8K
Cap Rate 9%
$254,189
$254.2K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$44.7K $22.68/SF
− Vacancy
−$3.1K −$1.59/SF
EGI
$41.6K $21.09/SF
− OpEx
−$18.7K −$9.49/SF
NOI
$22.9K $11.60/SF
Area
Will 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%
$457,540
Cap Rate 7%
$326,814
Cap Rate 9%
$254,189
Alternative Uses
Best Use
Apartment 5plus
$326.8K
$286.0K – $381.3K
NOI $22,877 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.2K
$391.3K – $521.8K
NOI $31,307 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
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Business Placement
Demographics for 60544, IL
27,680
Population
10,553
Households
2.6
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
24.2 sq mi
ZIP Area
1,144
Density / Sq Mi
$108,447
Median Household Income
$59,601
Median Earnings
$1,809
Median Rent
$311,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-story, three-bedroom home includes a finished basement, attached two-car garage, and appliances that remain.
Where is this residential income property located?
The property is located at 15801 Cove Circle Unit 0 Plainfield, IL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three bedrooms and two‑and‑a‑half bathrooms; Full finished basement; Two‑story home built in 2008
