Building Details

Building Size 1,510 SF

Year Built 1989

Listing Agency: Coldwell Banker Realty

Listed By: William Baker Show Phone

Source: Paulchilds.kw

Added: Sep 30 Changed: Oct 5 Last Checked: Oct 4 at 2:21PM

Report an Issue

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This penthouse end unit has a private first-floor entrance, accessible from the garage or front door, and a balcony off the kitchen. The kitchen has 42-inch cabinets and stainless steel appliances. A laundry room includes a washer and dryer. Windows have been replaced, and the furnace, air conditioner, water heater, washer and dryer have been replaced recently; the HVAC system is described as newer.

The Lakepointe community is adjacent to Bangs Lake and includes a marina with boat docks, a swimming pool, beach access, fishing, kayaking and walking paths.

Key Highlights

• Penthouse end unit with a private first‑floor entrance from the garage or front door
• Kitchen balcony, 42‑inch cabinets and stainless steel appliances
• Laundry room with washer and dryer

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,636

Cap Rate

6.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$372,720 $372.7K

Cap Rate 7%

$266,229 $266.2K

Cap Rate 9%

$207,067 $207.1K

Market Conditions

NOI Build-Up for 1,510 SF

Gross rent

$36.2K $24.00/SF

− Vacancy

−$2.4K −$1.56/SF

EGI

$33.9K $22.44/SF

− OpEx

−$15.2K −$10.10/SF

NOI

$18.6K $12.34/SF

Area

Lake County, IL

Vacancy

6.50%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$372,720

Cap Rate 7%

$266,229

Cap Rate 9%

$207,067

Alternative Uses

Best Use

Apartment 5plus

$266.2K

$233.0K – $310.6K (±1% cap)

NOI $18,636 @ 7.0% cap · market cap 6.84%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$521.3K

$456.2K – $608.2K (±1% cap)

NOI $36,493 @ 7.0% cap · market cap 13.39%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Electrical Service Storage Facility Parking Lot & Garage Bakery Furniture & Home Goods 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

606

Businesses Nearby

Explore this area Business Placement

Demographics for 60084, IL

17,029

Population

6,811

Households

2.5

Avg Household Size

41

Median Age

38%

College-Educated

92%

High-School Grad

14.0 sq mi

ZIP Area

1,216

Density / Sq Mi

$104,907

Median Household Income

$54,244

Median Earnings

$1,267

Median Rent

$283,300

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

All-Brick Duplex with Basement Storage

300 Barrington Road, Wauconda, IL 60084

$145,000

View details

Mixed-Use Portfolio with Office Suites

110 N Main St, Wauconda, IL

$945,000

View details

Flex Building with Drive-In Door

1000 N Rand Rd Unit 110, Wauconda, IL 60084

$206,000

1,761 SF

View details

Commercial-Zoned Office Building

173 Thomas Court, Wauconda, IL 60084

$420,000

0.50 Acres

View details

Frequently Asked Questions

What type of property is this?

Residential income property - End-unit layout includes a private ground-level entry and a balcony off the kitchen.

Where is this residential income property located?

The property is located at 326 Stillwater Court #0 Wauconda, IL.

What is the asking price?

The asking price for this property is $272,500.

What are key features of this property?

This property features: Penthouse end unit with a private first‑floor entrance from the garage or front door; Kitchen balcony, 42‑inch cabinets and stainless steel appliances; Laundry room with washer and dryer