Two-Bedroom Condominium With
For Sale
$265,000
1632 Fredericksburg Lane, Aurora, IL 60503
A private deck, walk-in closets, and attached parking add useful features to this condominium.
Property Size1,572 SF
Price / SF$168.58
Days on Market42
Property Features for 1632 Fredericksburg Lane
General Information
Standard status
Active
Size
1,572 SF
Total Parking Spaces
2
Property subtype
Condo,Townhouse-Ranch
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,710
Amenities
private deck
walk-in closets
attached garage
Building Details
Building Size
1,572 SF
Year Built
2005
Listing Agency:
Keller Williams Preferred Rlty
(708) 798-1111
Listed By:
Ron Wexler · License #471006165
(708) 249-3179
Source:
Angelawalkerhomes
Added: Sep 18
Changed: Oct 27
Last Checked: Oct 26 at 2:33PM
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 Keller Williams Preferred Rlty
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Investment Insights
Based on property information with market context.
This 1,572-square-foot condominium has two bedrooms and one full bathroom with a tub and shower. Both bedrooms include walk-in closets. The kitchen connects to a private deck, and the unit has an attached two-car garage. Built in 2005, the property is located in Aurora.
The home is within Oswego 308 school district, which includes The Wheatlands Elementary, Bednarcik Junior High, and Oswego East High School.
The home is within Oswego 308 school district, which includes The Wheatlands Elementary, Bednarcik Junior High, and Oswego East High School.
Key Highlights
- 1,572‑square‑foot condominium with two bedrooms and one bathroom
- Attached two‑car garage
- Private deck accessed from the kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,532
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,640
$270.6K
Cap Rate 7%
$193,314
$193.3K
Cap Rate 9%
$150,356
$150.4K
Market Conditions
NOI Build-Up for 1,572 SF
Gross rent
$25.8K $16.44/SF
− Vacancy
−$1.2K −$0.79/SF
EGI
$24.6K $15.65/SF
− OpEx
−$11.1K −$7.04/SF
NOI
$13.5K $8.61/SF
Area
Aurora, IL
Vacancy
4.80%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,640
Cap Rate 7%
$193,314
Cap Rate 9%
$150,356
Alternative Uses
Best Use
Apartment 5plus
$193.3K
$169.2K – $225.5K
NOI $13,532 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.0K
$393.8K – $525.1K
NOI $31,503 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
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Business Placement
Demographics for 60503, IL
16,855
Population
5,167
Households
3.3
Avg Household Size
34
Median Age
57%
College-Educated
95%
High-School Grad
4.3 sq mi
ZIP Area
3,920
Density / Sq Mi
$142,773
Median Household Income
$65,804
Median Earnings
$2,222
Median Rent
$311,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A private deck, walk-in closets, and attached parking add useful features to this condominium.
Where is this residential income property located?
The property is located at 1632 Fredericksburg Lane Aurora, IL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,572‑square‑foot condominium with two bedrooms and one bathroom; Attached two‑car garage; Private deck accessed from the kitchen
