Residential Income Property with
433 Stearn Drive Unit 433, Genoa, IL 60135
For Sale
$400,000
Fee coverage includes exterior upkeep, lawn care, snow removal, internet and streaming service.
Property Size1,810 SF
Price / SF$220.99
Days on Market245
Property Features for 433 Stearn Drive Unit 433
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pickleball courts
clubhouse access
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Property Source
(815) 721-9422
Listed By:
Tara Caruana
Source:
Purveyproperties
Added: Mar 10
Changed: Nov 8
Last Checked: Nov 8 at 3:30PM
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 RE/MAX Property Source
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Investment Insights
Based on property information with market context.
Built in 2022, this custom-designed condo offers two bedrooms and two full bathrooms, including a primary suite with a soaking tub, step-free shower and walk-in closet. Interior features include a fireplace feature wall, an office behind French doors, a kitchen with quartz counters and double ovens, and a walk-in pantry. A sunroom opens to a screened patio and an additional 11-by-12-foot uncovered patio. The garage has two parking spaces and a finished tandem area for storage; an upstairs finished area can serve as a recreation room, exercise space, studio or storage. The property is described for residents age 55 and older.
The fee covers common-area insurance, exterior maintenance, lawn care, snow removal, Spectrum internet and streaming. Residents also have access to pickleball courts and a clubhouse.
The fee covers common-area insurance, exterior maintenance, lawn care, snow removal, Spectrum internet and streaming. Residents also have access to pickleball courts and a clubhouse.
Key Highlights
- Built in 2022
- Two bedrooms and two full bathrooms
- Kitchen features quartz counters, double ovens, a beverage refrigerator and walk‑in pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,997
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,940
$419.9K
Cap Rate 7%
$299,957
$300.0K
Cap Rate 9%
$233,300
$233.3K
Market Conditions
NOI Build-Up for 1,810 SF
Gross rent
$41.1K $22.68/SF
− Vacancy
−$2.9K −$1.59/SF
EGI
$38.2K $21.09/SF
− OpEx
−$17.2K −$9.49/SF
NOI
$21.0K $11.60/SF
Area
DeKalb 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%
$419,940
Cap Rate 7%
$299,957
Cap Rate 9%
$233,300
Alternative Uses
Best Use
Apartment 5plus
$300.0K
$262.5K – $350.0K
NOI $20,997 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$493.5K
$431.9K – $575.8K
NOI $34,548 @ 7.0% cap · market cap 8.64%
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
61
Businesses Nearby
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Business Placement
Demographics for 60135, IL
7,292
Population
2,923
Households
2.5
Avg Household Size
39
Median Age
15%
College-Educated
88%
High-School Grad
46.8 sq mi
ZIP Area
156
Density / Sq Mi
$87,935
Median Household Income
$47,101
Median Earnings
$1,038
Median Rent
$238,000
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in DeKalb County, IL
Properties on Market for Residential income properties in DeKalb County
Frequently Asked Questions
What type of property is this?
Residential income property - Fee coverage includes exterior upkeep, lawn care, snow removal, internet and streaming service.
Where is this residential income property located?
The property is located at 433 Stearn Drive Unit 433 Genoa, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Built in 2022; Two bedrooms and two full bathrooms; Kitchen features quartz counters, double ovens, a beverage refrigerator and walk‑in pantry
