End-Unit Residential Income
For Sale
$259,000
21452 Papoose Lake Drive Unit 21452, Crest Hill, IL 60403
An open-plan interior includes two bedrooms, a primary suite, and a private patio.
Property Size1,108 SF
Price / SF$233.75
Days on Market48
Property Features for 21452 Papoose Lake Drive Unit 21452
General Information
Standard status
Active
Size
1,108 SF
Property subtype
Townhouse-Ranch,Ground Level Ranch
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,888
Amenities
private outside patio
subdivision clubhouse
indoor and outdoor pools
free three-hole golf course
tennis courts
Building Details
Building Size
1,108 SF
Year Built
2002
Listing Agency:
Village Realty, Inc.
(708) 928-3738
Listed By:
Ashley Shulman · License #475189785
Source:
Angelawalkerhomes
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 26 at 3:15PM
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 Village Realty, Inc.
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Investment Insights
Based on property information with market context.
This 1,108-square-foot ranch townhome was built in 2002 and has an end-unit position. Its open living area connects two bedrooms, including a primary suite, with a private outdoor patio.
Residents have access to a subdivision clubhouse, indoor and outdoor pools, a three-hole golf course, and tennis courts. Shopping, dining, and expressways are minutes away.
Residents have access to a subdivision clubhouse, indoor and outdoor pools, a three-hole golf course, and tennis courts. Shopping, dining, and expressways are minutes away.
Key Highlights
- End‑unit ranch townhome with 1,108 square feet
- Two bedrooms, including a primary suite
- Private outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,854
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,080
$257.1K
Cap Rate 7%
$183,629
$183.6K
Cap Rate 9%
$142,822
$142.8K
Market Conditions
NOI Build-Up for 1,108 SF
Gross rent
$25.1K $22.68/SF
− Vacancy
−$1.8K −$1.59/SF
EGI
$23.4K $21.09/SF
− OpEx
−$10.5K −$9.49/SF
NOI
$12.9K $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%
$257,080
Cap Rate 7%
$183,629
Cap Rate 9%
$142,822
Alternative Uses
Best Use
Apartment 5plus
$183.6K
$160.7K – $214.2K
NOI $12,854 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.3K
$219.9K – $293.2K
NOI $17,591 @ 7.0% cap · market cap 6.79%
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
105
Businesses Nearby
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Business Placement
Demographics for 60403, IL
17,667
Population
7,884
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
91%
High-School Grad
4.9 sq mi
ZIP Area
3,606
Density / Sq Mi
$71,413
Median Household Income
$41,597
Median Earnings
$1,386
Median Rent
$223,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An open-plan interior includes two bedrooms, a primary suite, and a private patio.
Where is this residential income property located?
The property is located at 21452 Papoose Lake Drive Unit 21452 Crest Hill, IL.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: End‑unit ranch townhome with 1,108 square feet; Two bedrooms, including a primary suite; Private outdoor patio
