Duplex with Flexible Lower-Level
For Sale
$309,000
402 Gloria Lane, Oswego, IL 60543
The lower level has a living area, bedroom, full bath, and fireplace for potential separate living space.
Property Size1,720 SF
Price / SF$179.65
Days on Market38
Property Features for 402 Gloria Lane
General Information
Standard status
Active
Size
1,720 SF
Total Parking Spaces
2
Property subtype
1/2 Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,072
Building Details
Building Size
1,720 SF
Year Built
1994
Listing Agency:
Keller Williams Premiere Properties
(630) 748-9728
Listed By:
Rosemary Strodtman
(603) 748-9728
Source:
Angelawalkerhomes
Added: Sep 22
Changed: Oct 26
Last Checked: Oct 26 at 4:09PM
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 Premiere Properties
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Investment Insights
Based on property information with market context.
This duplex has 3 bedrooms and 3 baths, with an open living and dining area, vaulted ceilings, and an eat-in kitchen. The primary bedroom includes an en-suite bath and walk-in closet. A two-story foyer and oversized 2-car garage complete the layout. The lower level has a living area, bedroom, full bath, and second fireplace, offering potential for separate living space. New carpet was installed in 2023.
Built in 1994, the property received a roof and siding update in 2019. The furnace and A/C were replaced in 2016, the primary bath was remodeled in 2016, and the water heater dates to 2025. A Trader Joe’s is one mile away.
Built in 1994, the property received a roof and siding update in 2019. The furnace and A/C were replaced in 2016, the primary bath was remodeled in 2016, and the water heater dates to 2025. A Trader Joe’s is one mile away.
Key Highlights
- 3 bedrooms and 3 baths
- Lower level includes a living area, bedroom, full bath, and second fireplace
- Oversized 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,953
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,060
$399.1K
Cap Rate 7%
$285,043
$285.0K
Cap Rate 9%
$221,700
$221.7K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$39.0K $22.68/SF
− Vacancy
−$2.7K −$1.59/SF
EGI
$36.3K $21.09/SF
− OpEx
−$16.3K −$9.49/SF
NOI
$20.0K $11.60/SF
Area
Kendall 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%
$399,060
Cap Rate 7%
$285,043
Cap Rate 9%
$221,700
Alternative Uses
Best Use
Apartment 5plus
$285.0K
$249.4K – $332.6K
NOI $19,953 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$593.8K
$519.6K – $692.8K
NOI $41,569 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
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Business Placement
Demographics for 60543, IL
40,299
Population
14,327
Households
2.8
Avg Household Size
37
Median Age
42%
College-Educated
94%
High-School Grad
41.9 sq mi
ZIP Area
962
Density / Sq Mi
$116,507
Median Household Income
$54,783
Median Earnings
$1,558
Median Rent
$319,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The lower level has a living area, bedroom, full bath, and fireplace for potential separate living space.
Where is this residential income property located?
The property is located at 402 Gloria Lane Oswego, IL.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: 3 bedrooms and 3 baths; Lower level includes a living area, bedroom, full bath, and second fireplace; Oversized 2‑car garage
