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 4 Last Checked: Oct 4 at 2:21PM

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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

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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

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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?

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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