Arlington Heights Condo with
For Sale
$192,000
2622 N Windsor Drive #101 Arlington, Arlington Heights, IL 60004
Well-maintained 2 bed, 2 bath condo with modern amenities.
Property Size1,100 SF
Days on Market392
Property Features for 2622 N Windsor Drive #101 Arlington
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Condominium
Amenities
Propane
Wall Unit(s)
Baseboard
Double Oven
Dishwasher
Refrigerator
Disposal
Range Hood
Patio
Building Details
Building Size
1,100 SF
Year Built
1975
Listing Agency:
Redfin Corporation
Listed By:
Sara Sogol
(224) 699-5002
Source:
Kw
Added: Sep 25, 2025
Changed: Oct 1
Last Checked: Oct 21 at 1:16AM
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 Redfin Corporation
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Investment Insights
Based on property information with market context.
This is a well-maintained condo located in the Arlington Heights area. The property features modern canned lighting throughout. The kitchen includes stainless steel appliances and ample cabinetry. A dining area opens to a large living room with sliding doors. The primary suite includes a walk-in closet and an en-suite bath. The second bedroom is generously sized. Laundry and storage are available in the building. The property includes an assigned parking space and guest parking. Residents have access to a clubhouse with a pool. The property contains 2 bedrooms and 2 bathrooms.
Key Highlights
- Highly desired Arlington Heights location.
- Two bedrooms and two bathrooms.
- Access to a clubhouse with a pool.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,949
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,980
$179.0K
Cap Rate 7%
$127,843
$127.8K
Cap Rate 9%
$99,433
$99.4K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$16.9K $15.36/SF
− Vacancy
−$625 −$0.57/SF
EGI
$16.3K $14.79/SF
− OpEx
−$7.3K −$6.66/SF
NOI
$8.9K $8.14/SF
Area
Springfield, IL
Vacancy
3.70%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,980
Cap Rate 7%
$127,843
Cap Rate 9%
$99,433
Alternative Uses
Best Use
Apartment 5plus
$127.8K
$111.9K – $149.2K
NOI $8,949 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$270.1K
$236.3K – $315.1K
NOI $18,905 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
Explore this area
Business Placement
Demographics for 60004, IL
52,546
Population
21,181
Households
2.5
Avg Household Size
42
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
4,734
Density / Sq Mi
$124,962
Median Household Income
$66,476
Median Earnings
$1,703
Median Rent
$415,100
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
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 2 bed, 2 bath condo with modern amenities.
Where is this apartment building located?
The property is located at 2622 N Windsor Drive #101 Arlington Arlington Heights, IL.
What is the asking price?
The asking price for this property is $192,000.
What are key features of this property?
This property features: Highly desired Arlington Heights location.; Two bedrooms and two bathrooms.; Access to a clubhouse with a pool.
