End-Unit Residential Income
For Sale
$429,000
3232 Cool Springs Court, Naperville, IL 60564
The two-bedroom layout includes a loft, full basement, and composite deck.
Property Size2,012 SF
Days on Market40
Property Features for 3232 Cool Springs Court
General Information
Standard status
Active
Size
2,012 SF
Property subtype
1/2 Duplex
Taxes and HOA fees
Annual Taxes
$7,467
Building Details
Building Size
2,012 SF
Year Built
2001
Listing Agency:
Century 21 Integra
Listed By:
Carmen Poplawski · License #475143165
(773) 805-0953
Source:
Loncarrealty
Added: Aug 24
Changed: Oct 1
Last Checked: Oct 1 at 5:29PM
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 Century 21 Integra
Investment Insights
Based on property information with market context.
Built in 2001, this end-unit residential property has two bedrooms, 2.1 bathrooms, and a loft. The main level includes a kitchen with a double oven and a family room with a corner fireplace and doors to a composite deck. Wood laminate flooring is present on the main level.
Upstairs, the primary bedroom has a vaulted ceiling and a private bathroom with a double vanity, separate soaking tub, and double shower. A full basement provides additional storage. The property also has a newer refrigerator and dishwasher, along with a new air-conditioning system.
The home is in Naperville, near Naperville Crossings, where shopping, dining, and entertainment are available.
Upstairs, the primary bedroom has a vaulted ceiling and a private bathroom with a double vanity, separate soaking tub, and double shower. A full basement provides additional storage. The property also has a newer refrigerator and dishwasher, along with a new air-conditioning system.
The home is in Naperville, near Naperville Crossings, where shopping, dining, and entertainment are available.
Key Highlights
- End‑unit layout with 2 bedrooms and 2.1 bathrooms
- Loft and full basement
- Family room with corner fireplace and access to a composite deck
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
$19,468
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
4.54%
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%
$389,360
$389.4K
Cap Rate 7%
$278,114
$278.1K
Cap Rate 9%
$216,311
$216.3K
Market Conditions
NOI Build-Up for 2,012 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
$37.2K $18.48/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$35.4K $17.59/SF
− OpEx
−$15.9K −$7.92/SF
NOI
$19.5K $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 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%
$389,360
Cap Rate 7%
$278,114
Cap Rate 9%
$216,311
Alternative Uses
Best Use
Apartment 5plus
$278.1K
$243.4K – $324.5K
NOI $19,468 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.2K
$397.4K – $529.9K
NOI $31,791 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
817
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom layout includes a loft, full basement, and composite deck.
Where is this residential income property located?
The property is located at 3232 Cool Springs Court Naperville, IL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: End‑unit layout with 2 bedrooms and 2.1 bathrooms; Loft and full basement; Family room with corner fireplace and access to a composite deck
