Residential Income Property with
For Sale
$225,000
3N550 Crown Road Unit 9, Elmhurst, IL 60126
A two-bedroom corner condo offers an open living and dining area with access to an oversized outdoor space.
Property Size1,000 SF
Price / SF$225
Days on Market23
Property Features for 3N550 Crown Road Unit 9
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Condo,Ground Level Ranch
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,224
Amenities
oversized patio
washer and dryer
Building Details
Building Size
1,000 SF
Year Built
1967
Listing Agency:
Real Broker, LLC
(773) 319-3317
Listed By:
Sylwia Gussy
Source:
Angelawalkerhomes
Added: Oct 7
Changed: Oct 26
Last Checked: Oct 26 at 2:24PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 1,000-square-foot condo, built in 1967, has two bedrooms and an open arrangement linking the kitchen, dining area, and living room. Hardwood flooring runs throughout, and natural light enters the interior. The corner unit’s oversized patio is accessible from both the living room and primary bedroom.
A 2025 kitchen remodel added a dishwasher, microwave, sink, backsplash, and granite countertops. Other improvements include a new bathroom sink and countertop, updated light fixtures throughout, and a washer and dryer installed in 2025.
The property is near York and Grand Avenue in Elmhurst. Downtown Elmhurst is a 7-minute drive away, with dining, shopping, and entertainment options.
A 2025 kitchen remodel added a dishwasher, microwave, sink, backsplash, and granite countertops. Other improvements include a new bathroom sink and countertop, updated light fixtures throughout, and a washer and dryer installed in 2025.
The property is near York and Grand Avenue in Elmhurst. Downtown Elmhurst is a 7-minute drive away, with dining, shopping, and entertainment options.
Key Highlights
- 1,000‑square‑foot, two‑bedroom condo
- Oversized patio with access from the living room and primary bedroom
- 2025 kitchen remodel with granite countertops, dishwasher, microwave, sink, and backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,601
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,020
$232.0K
Cap Rate 7%
$165,729
$165.7K
Cap Rate 9%
$128,900
$128.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$22.7K $22.68/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$21.1K $21.09/SF
− OpEx
−$9.5K −$9.49/SF
NOI
$11.6K $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 Rate 5%
$232,020
Cap Rate 7%
$165,729
Cap Rate 9%
$128,900
Alternative Uses
Best Use
Apartment 5plus
$165.7K
$145.0K – $193.4K
NOI $11,601 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.3K
$302.1K – $402.8K
NOI $24,168 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
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Business Placement
Demographics for 60126, IL
48,147
Population
18,687
Households
2.6
Avg Household Size
41
Median Age
62%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
4,299
Density / Sq Mi
$143,333
Median Household Income
$76,258
Median Earnings
$1,890
Median Rent
$527,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom corner condo offers an open living and dining area with access to an oversized outdoor space.
Where is this residential income property located?
The property is located at 3N550 Crown Road Unit 9 Elmhurst, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,000‑square‑foot, two‑bedroom condo; Oversized patio with access from the living room and primary bedroom; 2025 kitchen remodel with granite countertops, dishwasher, microwave, sink, and backsplash
