Building Details

Building Size 1,128 SF

Year Built 1986

Listing Agency: Baird & Warner

Listed By: Lucy Matune · License #475128184 Show Phone

Source: Kw

Added: Aug 26, 2025 Changed: Sep 22 Last Checked: Oct 4 at 6:31AM

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Investment Insights

Based on property information with market context.

This well-maintained condominium unit is located in Chelsea Condos of Lisle. The unit features two bedrooms and one bathroom. Situated on the second floor, the unit offers views of green space. The bathroom includes a soaking, jetted tub and a separate shower. Skylights in the bathroom and kitchen provide natural light. The living room features a wood-burning fireplace. A balcony extends from the living and dining rooms, offering additional storage space. The unit includes a new washer and dryer. The hot water heater was replaced in October 2023. Rentals are not permitted.

Key Highlights

• Beautiful views of green space from a 2nd‑floor unit.
• Bathroom features a soaking, jetted tub and a separate shower.
• Skylights in bathroom and kitchen provide ample natural light.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,086

Cap Rate

5.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$261,720 $261.7K

Cap Rate 7%

$186,943 $186.9K

Cap Rate 9%

$145,400 $145.4K

Market Conditions

NOI Build-Up for 1,128 SF

Gross rent

$25.6K $22.68/SF

− Vacancy

−$1.8K −$1.59/SF

EGI

$23.8K $21.09/SF

− OpEx

−$10.7K −$9.49/SF

NOI

$13.1K $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 Rate 5%

$261,720

Cap Rate 7%

$186,943

Cap Rate 9%

$145,400

Alternative Uses

Best Use

Apartment 5plus

$186.9K

$163.6K – $218.1K (±1% cap)

NOI $13,086 @ 7.0% cap · market cap 5.75%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$389.4K

$340.8K – $454.4K (±1% cap)

NOI $27,261 @ 7.0% cap · market cap 11.98%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Skin Care Clinic Cafe & Coffee Shop Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

596

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Well-maintained condo with green space views and modern amenities.

Where is this apartment building located?

The property is located at 5355 Newport Drive #4-6C Lisle, IL.

What is the asking price?

The asking price for this property is $227,500.

What are key features of this property?

This property features: Beautiful views of green space from a 2nd‑floor unit.; Bathroom features a soaking, jetted tub and a separate shower.; Skylights in bathroom and kitchen provide ample natural light.