Residential Income Property with
For Sale
$190,000
4316 W Shamrock Lane Unit 1C, McHenry, IL 60050
The single-level condo includes two bedrooms, two bathrooms, a detached garage, and a separate storage unit.
Property Size1,010 SF
Price / SF$188.12
Days on Market29
Property Features for 4316 W Shamrock Lane Unit 1C
General Information
Standard status
Active
Size
1,010 SF
Total Parking Spaces
1
Property subtype
Condo,Garden Unit,Ground Level Ranch
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$129
Amenities
walk-in closets
patio
window air-conditioning units
storage unit
Building Details
Building Size
1,010 SF
Year Built
1992
Stories
1
Construction
ranch-style
Listing Agency:
Berkshire Hathaway HomeServices Starck Real Estate
(815) 385-5505
Listed By:
Andrea Callahan · License #475148806
(630) 750-6686
Source:
Payesregroup
Added: Oct 9
Changed: Nov 5
Last Checked: Nov 6 at 9:43AM
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 Berkshire Hathaway HomeServices Starck Real Estate
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Investment Insights
Based on property information with market context.
This 1,010-square-foot, ranch-style condo has two bedrooms and two bathrooms on one level. Each bedroom has a walk-in closet, and sliding glass doors open to a patio. The property includes a detached garage identified as Unit 108 and a separate storage unit. Built in 1992, the condo comes with three window air-conditioning units, a new dishwasher and water heater, and a newer stove, microwave, washer, and dryer.
Key Highlights
- Two‑bedroom, two‑bathroom condo with 1,010 square feet of living area
- Single‑level layout with walk‑in closets in both bedrooms
- Patio accessed through sliding glass doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,883
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,660
$177.7K
Cap Rate 7%
$126,900
$126.9K
Cap Rate 9%
$98,700
$98.7K
Market Conditions
NOI Build-Up for 1,010 SF
Gross rent
$17.6K $17.40/SF
− Vacancy
−$1.4K −$1.41/SF
EGI
$16.2K $15.99/SF
− OpEx
−$7.3K −$7.20/SF
NOI
$8.9K $8.79/SF
Area
McHenry County, IL
Vacancy
8.10%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,660
Cap Rate 7%
$126,900
Cap Rate 9%
$98,700
Alternative Uses
Best Use
Apartment 5plus
$126.9K
$111.0K – $148.1K
NOI $8,883 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.7K
$305.1K – $406.8K
NOI $24,409 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,229
Businesses Nearby
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Business Placement
Demographics for 60050, IL
31,854
Population
13,399
Households
2.4
Avg Household Size
42
Median Age
25%
College-Educated
91%
High-School Grad
26.4 sq mi
ZIP Area
1,207
Density / Sq Mi
$86,315
Median Household Income
$48,953
Median Earnings
$1,522
Median Rent
$244,500
Median Home Value
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Market
Properties on Market for Residential income properties in McHenry County
Frequently Asked Questions
What type of property is this?
Residential income property - The single-level condo includes two bedrooms, two bathrooms, a detached garage, and a separate storage unit.
Where is this residential income property located?
The property is located at 4316 W Shamrock Lane Unit 1C McHenry, IL.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condo with 1,010 square feet of living area; Single‑level layout with walk‑in closets in both bedrooms; Patio accessed through sliding glass doors
