Move-in Ready Condo with
For Sale
$285,000
206 Glasgow Lane #B206, Schaumburg, IL 60194
Second-floor 3 bed, 2 bath condo with cathedral ceilings.
Property Size1,350 SF
Price / SF$211.11
Days on Market425
Property Features for 206 Glasgow Lane #B206
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Condominium
Amenities
Central Air
Natural Gas
Building Details
Building Size
1,350 SF
Year Built
1995
Listing Agency:
REMAX Legends
Listed By:
Jeff Salhani
(630) 216-8000
Source:
Kw
Added: Aug 7, 2025
Changed: Sep 30
Last Checked: Oct 4 at 6:34AM
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 REMAX Legends
Investment Insights
Based on property information with market context.
This move-in ready end unit is a second-floor condo featuring 3 bedrooms and 2 bathrooms. The property includes cathedral ceilings and a large balcony. A gas log fireplace adds to the living space, and a washer and dryer are located within the unit. Recent updates include fresh paint and newer carpet. The bedrooms are well-sized, and the master bedroom features a walk-in closet. The balcony is suitable for outdoor dining and recreation. The condo community provides access to two pools and exterior parking for guests. The condo association is well managed. Local stores, a playground, a medical center, parks, and a golf club are located nearby.
Key Highlights
- Move‑in ready end unit condo.
- Cathedral ceilings and large balcony with great view.**
- 3 bedrooms and 2 bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,661
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,220
$313.2K
Cap Rate 7%
$223,729
$223.7K
Cap Rate 9%
$174,011
$174.0K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$30.6K $22.68/SF
− Vacancy
−$2.1K −$1.59/SF
EGI
$28.5K $21.09/SF
− OpEx
−$12.8K −$9.49/SF
NOI
$15.7K $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%
$313,220
Cap Rate 7%
$223,729
Cap Rate 9%
$174,011
Alternative Uses
Best Use
Apartment 5plus
$223.7K
$195.8K – $261.0K
NOI $15,661 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$466.1K
$407.8K – $543.8K
NOI $32,627 @ 7.0% cap · market cap 11.45%
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
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 60194, IL
20,622
Population
8,325
Households
2.5
Avg Household Size
41
Median Age
50%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
5,574
Density / Sq Mi
$97,876
Median Household Income
$60,835
Median Earnings
$1,897
Median Rent
$310,600
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 - Second-floor 3 bed, 2 bath condo with cathedral ceilings.
Where is this apartment building located?
The property is located at 206 Glasgow Lane #B206 Schaumburg, IL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Move‑in ready end unit condo.; Cathedral ceilings and large balcony with great view.**; 3 bedrooms and 2 bathrooms.
