Spacious Duplex with Community
For Sale
$291,000
1848 Spinnaker Street Pingree, Hampshire, IL 60140
Three-bedroom duplex with pool, clubhouse, and gym access.
Property Size1,847 SF
Days on Market407
Property Features for 1848 Spinnaker Street Pingree
General Information
Standard status
Active
Size
1,847 SF
Property subtype
Condominium
Amenities
Central Air
Natural Gas
Forced Air
Range
Microwave
Dishwasher
Refrigerator
Washer
Dryer
Asphalt
Building Details
Building Size
1,847 SF
Year Built
2009
Listing Agency:
Berkshire Hathaway HomeServices Starck Real Estate
Listed By:
Lynn Dahl · License #475118911
(847) 370-2030
Source:
Kw
Added: Aug 25, 2025
Changed: Oct 4
Last Checked: Oct 4 at 8:13AM
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 Berkshire Hathaway HomeServices Starck Real Estate
Investment Insights
Based on property information with market context.
This duplex offers approximately 2,000 sq ft of living space and features an open-concept kitchen. The property includes access to a pool, clubhouse, and gym. It also has a large fenced yard. The water heater and washer are approximately 2 years old, while the stove and refrigerator are approximately 5 years old. The property is being sold as is.
Key Highlights
- Priced significantly below market value.
- Spacious 3‑bedroom duplex with nearly 2,000 sq ft of living space.
- Enjoy access to the community pool, clubhouse, and gym.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,966
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,320
$479.3K
Cap Rate 7%
$342,371
$342.4K
Cap Rate 9%
$266,289
$266.3K
Market Conditions
NOI Build-Up for 1,847 SF
Gross rent
$37.0K $20.04/SF
− Vacancy
−$2.8K −$1.50/SF
EGI
$34.2K $18.54/SF
− OpEx
−$10.3K −$5.56/SF
NOI
$24.0K $12.98/SF
Area
Kane County, IL
Vacancy
7.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,320
Cap Rate 7%
$342,371
Cap Rate 9%
$266,289
Alternative Uses
Best Use
Multifamily LT 5
$342.4K
$299.6K – $399.4K
NOI $23,966 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$306.1K
$267.8K – $357.1K
NOI $21,427 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$637.7K
$558.0K – $744.0K
NOI $44,638 @ 7.0% cap · market cap 15.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 60140, IL
21,902
Population
7,325
Households
3
Avg Household Size
37
Median Age
38%
College-Educated
93%
High-School Grad
81.0 sq mi
ZIP Area
270
Density / Sq Mi
$114,675
Median Household Income
$58,111
Median Earnings
$1,379
Median Rent
$316,900
Median Home Value
Check the figures for this property
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?
Duplex - Three-bedroom duplex with pool, clubhouse, and gym access.
Where is this duplex located?
The property is located at 1848 Spinnaker Street Pingree Hampshire, IL.
What is the asking price?
The asking price for this property is $291,000.
What are key features of this property?
This property features: Priced significantly below market value.; Spacious 3‑bedroom duplex with nearly 2,000 sq ft of living space.; Enjoy access to the community pool, clubhouse, and gym.
