Building Details

Building Size 927 SF

Year Built 1970

Listing Agency: 4 Sale Realty Advantage

Listed By: Daniel Nierman · License #471018942 Show Phone

Source: Kw

Added: Aug 24, 2025 Changed: Sep 24 Last Checked: Oct 4 at 7:07AM

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Investment Insights

Based on property information with market context.

This updated 2-bedroom, 1-bathroom condo features new carpeting in both bedrooms and recessed lights in the living room. The unit, the largest in the building, includes engineered hardwood floors, granite countertops in the kitchen, and a recently updated bathroom and balcony. The spacious kitchen offers ample cabinet and countertop space, along with an eating area and a separate dining area. The primary bedroom features a walk-in closet with custom shelving. The unit comes with an assigned parking space, a storage unit, and laundry facilities in the building. The Homeowner's Association fee includes water, gas, heat, garbage removal, lawn care, and snow removal. The property is located near shopping, restaurants, and highways. This unit is investor friendly and can be rented out.

Key Highlights

• Investor friendly: Units can be rented out.
• Largest 2BD end unit in the building.
• Updated with new carpeting, paint, bathroom, and recessed lights.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,754

Cap Rate

6.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$215,080 $215.1K

Cap Rate 7%

$153,629 $153.6K

Cap Rate 9%

$119,489 $119.5K

Market Conditions

NOI Build-Up for 927 SF

Gross rent

$21.0K $22.68/SF

− Vacancy

−$1.5K −$1.59/SF

EGI

$19.6K $21.09/SF

− OpEx

−$8.8K −$9.49/SF

NOI

$10.8K $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%

$215,080

Cap Rate 7%

$153,629

Cap Rate 9%

$119,489

Alternative Uses

Best Use

Apartment 5plus

$153.6K

$134.4K – $179.2K (±1% cap)

NOI $10,754 @ 7.0% cap · market cap 6.72%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$320.1K

$280.1K – $373.4K (±1% cap)

NOI $22,404 @ 7.0% cap · market cap 14.00%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Spa & Massage Center Parking Lot & Garage Dental Office Hair Salon

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

373

Businesses Nearby

Explore this area Business Placement

Demographics for 60139, IL

33,196

Population

11,882

Households

2.8

Avg Household Size

36

Median Age

30%

College-Educated

83%

High-School Grad

5.5 sq mi

ZIP Area

6,036

Density / Sq Mi

$81,996

Median Household Income

$41,752

Median Earnings

$1,558

Median Rent

$249,300

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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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Recently updated 2BD condo with modern amenities and convenient location.

Where is this apartment building located?

The property is located at 693 E FULLERTON Avenue #201 Glendale Glendale Heights, IL.

What is the asking price?

The asking price for this property is $160,000.

What are key features of this property?

This property features: Investor friendly: Units can be rented out.; Largest 2BD end unit in the building.; Updated with new carpeting, paint, bathroom, and recessed lights.