Updated Condo with Modern
For Sale
$160,000
693 E FULLERTON Avenue #201 Glendale, Glendale Heights, IL 60139
Recently updated 2BD condo with modern amenities and convenient location.
Property Size927 SF
Days on Market362
Property Features for 693 E FULLERTON Avenue #201 Glendale
General Information
Standard status
Active
Size
927 SF
Property subtype
Condominium
Amenities
Baseboard
Steam
Wall Unit(s)
Range
Microwave
Refrigerator
Deck, Asphalt
Building Details
Building Size
927 SF
Year Built
1970
Listing Agency:
4 Sale Realty Advantage
(847) 601-9359
Listed By:
Daniel Nierman · License #471018942
Source:
Kw
Added: Aug 24, 2025
Changed: Aug 8
Last Checked: Aug 18 at 10:29PM
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 4 Sale Realty Advantage
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 = 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
$10,754
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
6.72%
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%
$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
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
$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 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%
$215,080
Cap Rate 7%
$153,629
Cap Rate 9%
$119,489
Alternative Uses
Best Use
Apartment 5plus
$153.6K
$134.4K – $179.2K
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
NOI $22,404 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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.
