Spacious Lake Hinsdale Village
For Sale
$360,000
501 Lake Hinsdale Drive #307, Willowbrook, IL 60527
Updated two-bedroom condo with family room, skyline views, and amenities.
Property Size1,832 SF
Price / SF$196.51
Days on Market320
Property Features for 501 Lake Hinsdale Drive #307
General Information
Standard status
Active
Size
1,832 SF
Property subtype
Condominium
Amenities
Forced Air
Central Air
Natural Gas
Range
Microwave
Dishwasher
Refrigerator
Washer
Dryer
Disposal
Stainless Steel Appliance(s)
Front Controls on Range/Cooktop
Electric Oven
Deck
Building Details
Building Size
1,832 SF
Year Built
1979
Listing Agency:
Berkshire Hathaway HomeServices Chicago
(630) 640-2002
Listed By:
Elaine Pagels · License #475126868
Source:
Kw
Added: Sep 25, 2025
Changed: Aug 9
Last Checked: Jul 15 at 8:05PM
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 Chicago
Investment Insights
Based on property information with market context.
This spacious two-bedroom, two-full-bath home, located in the Lake Hinsdale Village community, offers 1832 square feet of living space. A family room provides additional functionality. The gourmet kitchen features high-end stainless steel appliances, sleek cabinetry, and quality finishes. The primary bath has been renovated with modern elegance. The primary bedroom includes a walk-in closet with added shelving. New plantation shutters adorn every window. The multi-purpose family room includes a fireplace and can serve as a home office or guest room. An expansive balcony provides views of the skyline, sunsets, and lush trees. Extra storage space is available. The building features an updated lobby, party room, kitchen, and exercise room with lake views. The Lake Hinsdale Clubhouse offers an outdoor pool, playground, tennis courts, pickle ball, and scenic walking paths.
Key Highlights
- Largest unit in Lake Hinsdale Village with over 1800 sq ft.
- Updated gourmet kitchen featuring high‑end stainless steel appliances and sleek cabinetry.
- Renovated primary bath with modern elegance.
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
$21,253
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
5.90%
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%
$425,060
$425.1K
Cap Rate 7%
$303,614
$303.6K
Cap Rate 9%
$236,144
$236.1K
Market Conditions
NOI Build-Up for 1,832 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
$41.5K $22.68/SF
− Vacancy
−$2.9K −$1.59/SF
EGI
$38.6K $21.09/SF
− OpEx
−$17.4K −$9.49/SF
NOI
$21.3K $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%
$425,060
Cap Rate 7%
$303,614
Cap Rate 9%
$236,144
Alternative Uses
Best Use
Apartment 5plus
$303.6K
$265.7K – $354.2K
NOI $21,253 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.5K
$553.4K – $737.9K
NOI $44,275 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 60527, IL
29,139
Population
13,101
Households
2.2
Avg Household Size
47
Median Age
58%
College-Educated
96%
High-School Grad
14.4 sq mi
ZIP Area
2,024
Density / Sq Mi
$110,482
Median Household Income
$62,257
Median Earnings
$1,553
Median Rent
$488,300
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 - Updated two-bedroom condo with family room, skyline views, and amenities.
Where is this apartment building located?
The property is located at 501 Lake Hinsdale Drive #307 Willowbrook, IL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Largest unit in Lake Hinsdale Village with over 1800 sq ft.; Updated gourmet kitchen featuring high‑end stainless steel appliances and sleek cabinetry.; Renovated primary bath with modern elegance.
