Glenview Two-Bedroom Condo for
For Sale
$195,000
625 Quincy Bridge Lane #301, Glenview, IL 60025
Two-bedroom condo in Glenview with investment potential and convenient location.
Property Size1,179 SF
Days on Market284
Property Features for 625 Quincy Bridge Lane #301
General Information
Standard status
Active
Size
1,179 SF
Property subtype
Condominium
Amenities
Central Air
Forced Air
Natural Gas
Range
Dishwasher
Refrigerator
Range Hood
Deck
Building Details
Building Size
1,179 SF
Year Built
1987
Listing Agency:
RE/MAX Suburban
(847) 778-8618
Listed By:
Cherie Smith Zurek · License #471003036
Source:
Kw
Added: Nov 10, 2025
Changed: Aug 8
Last Checked: Aug 20 at 7:13PM
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 RE/MAX Suburban
Investment Insights
Based on property information with market context.
This two-bedroom, one-bathroom unit is located in the Quincy Bridge subdivision. Situated on the third floor, the home features wood laminate flooring throughout the open-concept living and dining areas. A private balcony offers an outdoor space. The kitchen provides opportunities for updates. Both bedrooms are generously sized and feature ample closet space. The property includes two exterior parking spaces and has no rental restrictions. It is located within an award-winning school district and is near shopping, dining, and entertainment.
Key Highlights
- Prime Glenview location in the sought‑after Quincy Bridge subdivision.
- Excellent investment potential with no rental restrictions.
- Two exterior parking spaces included.
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
$13,677
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
7.01%
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%
$273,540
$273.5K
Cap Rate 7%
$195,386
$195.4K
Cap Rate 9%
$151,967
$152.0K
Market Conditions
NOI Build-Up for 1,179 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
$26.7K $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
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%
$273,540
Cap Rate 7%
$195,386
Cap Rate 9%
$151,967
Alternative Uses
Best Use
Apartment 5plus
$195.4K
$171.0K – $228.0K
NOI $13,677 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.1K
$356.2K – $474.9K
NOI $28,494 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 60025, IL
41,256
Population
16,815
Households
2.5
Avg Household Size
44
Median Age
65%
College-Educated
96%
High-School Grad
10.5 sq mi
ZIP Area
3,929
Density / Sq Mi
$119,639
Median Household Income
$59,789
Median Earnings
$1,705
Median Rent
$512,400
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 - Two-bedroom condo in Glenview with investment potential and convenient location.
Where is this apartment building located?
The property is located at 625 Quincy Bridge Lane #301 Glenview, IL.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Prime Glenview location in the sought‑after Quincy Bridge subdivision.; Excellent investment potential with no rental restrictions.; Two exterior parking spaces included.
