Bright Condo in 55+
For Sale
$189,000
4920 W 134th Court #207, Crestwood, IL 60418
Spacious 2-bedroom condo with southern exposure in Crestwood, Illinois.
Property Size1,100 SF
Days on Market255
Property Features for 4920 W 134th Court #207
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Condominium
Amenities
Natural Gas
Forced Air
Central Air
Range
Microwave
Dishwasher
Refrigerator
Washer
Dryer
Disposal
Deck
Building Details
Building Size
1,100 SF
Year Built
1997
Listing Agency:
Oak Leaf Realty
(708) 337-0820
Listed By:
James Sim · License #471007901
Source:
Kw
Added: Nov 26, 2025
Changed: Aug 8
Last Checked: Jul 16 at 7:41AM
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 Oak Leaf Realty
Investment Insights
Based on property information with market context.
This spacious and bright 2-bedroom, 2-full-bath condo, located in a 55+ community, features a southern exposure. An elevator provides easy access within the building. The kitchen includes an eating area, and all appliances are included. The primary bedroom has two closets and a full bathroom with a step-in shower. A large storage closet is located within the unit. The second bedroom also features a walk-in closet, providing ample storage space. The furnace and air conditioning system are less than 2 years old. Additional features include a balcony and a detached garage. The laundry room is a good size and includes a new washer and a sink. The HOA fees cover water and garbage services. The building utilizes Flexi-Core construction.
Key Highlights
- Enjoy the benefits of a 55+ Community
- New Furnace and Air Conditioning (less than 2 years old)
- Elevator Access for your convenience
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
$12,761
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
6.75%
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%
$255,220
$255.2K
Cap Rate 7%
$182,300
$182.3K
Cap Rate 9%
$141,789
$141.8K
Market Conditions
NOI Build-Up for 1,100 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
$24.9K $22.68/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$23.2K $21.09/SF
− OpEx
−$10.4K −$9.49/SF
NOI
$12.8K $11.60/SF
Area
Cook 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%
$255,220
Cap Rate 7%
$182,300
Cap Rate 9%
$141,789
Alternative Uses
Best Use
Apartment 5plus
$182.3K
$159.5K – $212.7K
NOI $12,761 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.8K
$332.3K – $443.1K
NOI $26,585 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 60418, IL
10,813
Population
5,331
Households
2
Avg Household Size
49
Median Age
23%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
3,604
Density / Sq Mi
$69,237
Median Household Income
$52,518
Median Earnings
$1,300
Median Rent
$187,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Spacious 2-bedroom condo with southern exposure in Crestwood, Illinois.
Where is this apartment building located?
The property is located at 4920 W 134th Court #207 Crestwood, IL.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Enjoy the benefits of a 55+ Community; New Furnace and Air Conditioning (less than 2 years old); Elevator Access for your convenience
