Chelsea Condos Two-Bedroom
For Sale
$227,500
5355 Newport Drive #4-6C, Lisle, IL 60532
Well-maintained condo with green space views and modern amenities.
Property Size1,128 SF
Days on Market360
Property Features for 5355 Newport Drive #4-6C
General Information
Standard status
Active
Size
1,128 SF
Property subtype
Condominium
Amenities
Natural Gas
Forced Air
Central Air
Range
Microwave
Dishwasher
Refrigerator
Washer
Dryer
Deck
Building Details
Building Size
1,128 SF
Year Built
1986
Listing Agency:
Baird & Warner
(630) 247-3026
Listed By:
Lucy Matune · License #475128184
Source:
Kw
Added: Aug 26, 2025
Changed: Aug 8
Last Checked: Aug 18 at 10:32PM
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 Baird & Warner
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 = 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
$13,086
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
5.75%
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%
$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
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
$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 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%
$261,720
Cap Rate 7%
$186,943
Cap Rate 9%
$145,400
Alternative Uses
Best Use
Apartment 5plus
$186.9K
$163.6K – $218.1K
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
NOI $27,261 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - 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.
