Move-In Ready Condo in
For Sale
$177,000
3026 Roberts Drive #7, Woodridge, IL 60517
Two-bedroom, two-bath condo with new carpet and fresh paint.
Property Size1,150 SF
Days on Market261
Property Features for 3026 Roberts Drive #7
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Condominium
Amenities
Natural Gas
Forced Air
Central Air
Range
Microwave
Dishwasher
Refrigerator
Gas Oven
Building Details
Building Size
1,150 SF
Year Built
1972
Listing Agency:
Keller Williams Realty Infinity
(630) 638-4272
Listed By:
Leda Quiaro · License #471004203
(630) 638-4272
Source:
Kw
Added: Dec 1, 2025
Changed: Aug 8
Last Checked: Aug 18 at 10:28PM
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 Keller Williams Realty Infinity
Investment Insights
Based on property information with market context.
This move-in-ready condominium in Woodridge features two bedrooms and two bathrooms. The unit has been freshly painted and includes brand-new carpet. The property offers low-maintenance, pet-friendly living with an assigned parking space. Residents can enjoy a private balcony or patio. The location provides convenient access to shopping, dining, parks, and trails. Additionally, the property is near I-355 and I-88. This condominium is suitable for both owner-occupants and investors seeking rental opportunities.
Key Highlights
- Move‑in‑ready condition with fresh paint and brand‑new carpet.
- Convenient location near shopping, dining, parks, trails, I‑355, and I‑88.
- Pet‑friendly living with low‑maintenance.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,341
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$266,820
$266.8K
Cap Rate 7%
$190,586
$190.6K
Cap Rate 9%
$148,233
$148.2K
Market Conditions
NOI Build-Up for 1,150 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.1K $22.68/SF
− Vacancy
−$1.8K −$1.59/SF
EGI
$24.3K $21.09/SF
− OpEx
−$10.9K −$9.49/SF
NOI
$13.3K $11.60/SF
Area
DuPage 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$266,820
Cap Rate 7%
$190,586
Cap Rate 9%
$148,233
Alternative Uses
Best Use
Apartment 5plus
$190.6K
$166.8K – $222.4K
NOI $13,341 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$397.0K
$347.4K – $463.2K
NOI $27,793 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
Business Placement
Demographics for 60517, IL
33,276
Population
13,270
Households
2.5
Avg Household Size
39
Median Age
45%
College-Educated
94%
High-School Grad
9.3 sq mi
ZIP Area
3,578
Density / Sq Mi
$96,357
Median Household Income
$52,991
Median Earnings
$1,507
Median Rent
$342,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom, two-bath condo with new carpet and fresh paint.
Where is this apartment building located?
The property is located at 3026 Roberts Drive #7 Woodridge, IL.
What is the asking price?
The asking price for this property is $177,000.
What are key features of this property?
This property features: Move‑in‑ready condition with fresh paint and brand‑new carpet.; Convenient location near shopping, dining, parks, trails, I‑355, and I‑88.; Pet‑friendly living with low‑maintenance.
