Spacious Corner Unit with
For Sale
$180,000
4721 Saint Joseph Creek Road #4A, Lisle, IL 60532
Large 2 bed, 2 bath corner unit with garage.
Property Size1,181 SF
Price / SF$152.41
Days on Market372
Property Features for 4721 Saint Joseph Creek Road #4A
General Information
Standard status
Active
Size
1,181 SF
Property subtype
Condominium
Amenities
Radiant
Wall Unit(s)
Range
Dishwasher
Refrigerator
Building Details
Building Size
1,181 SF
Year Built
1981
Listing Agency:
Coldwell Banker Gladstone
(630) 960-3700
Listed By:
Heidi Bolger · License #471005898
(630) 960-3700
Source:
Kw
Added: Aug 14, 2025
Changed: Aug 8
Last Checked: Aug 18 at 10:26PM
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 Coldwell Banker Gladstone
Investment Insights
Based on property information with market context.
This corner unit features 2 bedrooms and 2 bathrooms. The property offers an opportunity for investment or for a homeowner to build equity through updates. The residence is filled with sunlight and offers treetop views. Rentals are allowed. The property includes an extra-large end garage space #15. The size of the property is 1181 square feet and it is being sold as is.
Key Highlights
- Extra large end garage space included.
- Super sized corner 2 bedroom 2 bath home.
- Flooded with sunlight and treetop views.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,701
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$274,020
$274.0K
Cap Rate 7%
$195,729
$195.7K
Cap Rate 9%
$152,233
$152.2K
Market Conditions
NOI Build-Up for 1,181 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.8K $22.68/SF
− Vacancy
−$1.9K −$1.59/SF
EGI
$24.9K $21.09/SF
− OpEx
−$11.2K −$9.49/SF
NOI
$13.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$274,020
Cap Rate 7%
$195,729
Cap Rate 9%
$152,233
Alternative Uses
Best Use
Apartment 5plus
$195.7K
$171.3K – $228.4K
NOI $13,701 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.7K
$356.8K – $475.7K
NOI $28,542 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,382
Businesses Nearby
Explore this area
Business Placement
Demographics for 60532, IL
28,766
Population
13,203
Households
2.2
Avg Household Size
39
Median Age
59%
College-Educated
98%
High-School Grad
8.5 sq mi
ZIP Area
3,384
Density / Sq Mi
$100,373
Median Household Income
$64,114
Median Earnings
$1,576
Median Rent
$387,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Large 2 bed, 2 bath corner unit with garage.
Where is this apartment building located?
The property is located at 4721 Saint Joseph Creek Road #4A Lisle, IL.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Extra large end garage space included.; Super sized corner 2 bedroom 2 bath home.; Flooded with sunlight and treetop views.
