Building Details

Building Size 1,101 SF

Year Built 2001

Listing Agency: Baird & Warner

Listed By: Nan Smith Show Phone

Source: Loncarrealty

Added: Oct 8 Changed: Oct 11 Last Checked: Oct 11 at 2:04PM

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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 Baird & Warner

Investment Insights

Based on property information with market context.

This 2001 ranch-style condo has 2 bedrooms and 2 bathrooms, with an east-facing position and water views behind the home. Luxury vinyl plank flooring extends through the living room, dining area, and kitchen. The kitchen features Arctic White quartz counters and updated light fixtures; white doors and trim are paired with polished nickel hardware. An attached garage has been freshly painted, and the home includes a newer front-load washer and dryer. A new sidewalk serves the front entrance.

Welch Elementary and Neuqua Valley High School are nearby. The homeowners association conducts fire alarm inspections annually.

Key Highlights

• Two bedrooms and two bathrooms in a ranch‑style condo
• Rear water views; east‑facing location
• Luxury vinyl plank flooring in the living room, dining area, and kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,653

Cap Rate

3.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$213,060 $213.1K

Cap Rate 7%

$152,186 $152.2K

Cap Rate 9%

$118,367 $118.4K

Market Conditions

NOI Build-Up for 1,101 SF

Gross rent

$20.3K $18.48/SF

− Vacancy

−$977 −$0.89/SF

EGI

$19.4K $17.59/SF

− OpEx

−$8.7K −$7.92/SF

NOI

$10.7K $9.68/SF

Area

Naperville, IL

Vacancy

4.80%

Lease Rate

$18.48 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$213,060

Cap Rate 7%

$152,186

Cap Rate 9%

$118,367

Alternative Uses

Best Use

Apartment 5plus

$152.2K

$133.2K – $177.6K (±1% cap)

NOI $10,653 @ 7.0% cap · market cap 3.33%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$248.5K

$217.5K – $290.0K (±1% cap)

NOI $17,397 @ 7.0% cap · market cap 5.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Parking Lot & Garage Auto Parts Store Electrical Service (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

721

Businesses Nearby

Explore this area Business Placement

Demographics for 60564, IL

45,616

Population

16,166

Households

2.8

Avg Household Size

40

Median Age

73%

College-Educated

98%

High-School Grad

16.0 sq mi

ZIP Area

2,851

Density / Sq Mi

$176,250

Median Household Income

$89,203

Median Earnings

$2,172

Median Rent

$550,400

Median Home Value

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Residential income property - A ranch-style condo combines refreshed interior finishes, rear water views, and an attached garage.

Where is this residential income property located?

The property is located at 2947 Rutland Circle E Unit 103 Naperville, IL.

What is the asking price?

The asking price for this property is $319,900.

What are key features of this property?

This property features: Two bedrooms and two bathrooms in a ranch‑style condo; Rear water views; east‑facing location; Luxury vinyl plank flooring in the living room, dining area, and kitchen