Building Details

Building Size 1,089 SF

Year Built 1979

Listing Agency: Keller Williams Inspire

Listed By: Courtney Monaco · License #475127875 Show Phone

Source: Kw

Added: Aug 7, 2025 Changed: Sep 26 Last Checked: Oct 4 at 6:23AM

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Investment Insights

Based on property information with market context.

This sun-filled condo offers a blend of comfort and convenience in a quiet residential neighborhood. The unit features a southern exposure that provides natural light and courtyard views. The open layout includes a spacious living/dining room with a balcony overlooking the grounds. The kitchen offers cabinet space, granite countertops, and room for a breakfast table. The primary suite includes an en-suite bath and a walk-in closet. The second bedroom can be used as an office and is located next to a hall bath. A convenient in-unit washer/dryer combo is included, and a shared coin laundry is available in the garage. Ample in-unit closet space is provided, along with a dedicated closet across the hall and additional storage near the assigned garage parking space. The elevator building includes security door locks, lobby and garage security cameras, and an intercom system. The heated underground garage provides one assigned space per unit, and guest parking is available outside. The community features an outdoor pool with a lifeguard, sun deck, and changing rooms. The grounds are professionally landscaped with greenery and mature trees. The location offers proximity to schools, parks and trails, local dining, shopping, and golf courses, with access to major highways. The property is suitable for investors, as units can be rented. The property size is 1089 square feet.

Key Highlights

• Highly desirable location: Close to top‑rated schools, parks, trails, dining, shopping, golf courses, and major highways.
• Secure, heated underground garage with assigned parking and ample guest parking.
• Spacious 2 bed, 2 bath condo with open layout, balcony, and abundant storage (in‑unit, dedicated closet, and garage storage).

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,633

Cap Rate

4.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$252,660 $252.7K

Cap Rate 7%

$180,471 $180.5K

Cap Rate 9%

$140,367 $140.4K

Market Conditions

NOI Build-Up for 1,089 SF

Gross rent

$24.7K $22.68/SF

− Vacancy

−$1.7K −$1.59/SF

EGI

$23.0K $21.09/SF

− OpEx

−$10.3K −$9.49/SF

NOI

$12.6K $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%

$252,660

Cap Rate 7%

$180,471

Cap Rate 9%

$140,367

Alternative Uses

Best Use

Apartment 5plus

$180.5K

$157.9K – $210.6K (±1% cap)

NOI $12,633 @ 7.0% cap · market cap 4.59%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$376.0K

$329.0K – $438.7K (±1% cap)

NOI $26,319 @ 7.0% cap · market cap 9.57%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Repair Shop Hair Salon Cafe & Coffee Shop Auto Parts Store

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 60561, IL

23,139

Population

9,549

Households

2.4

Avg Household Size

47

Median Age

51%

College-Educated

95%

High-School Grad

6.6 sq mi

ZIP Area

3,506

Density / Sq Mi

$109,974

Median Household Income

$57,697

Median Earnings

$1,684

Median Rent

$388,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Comfortable condo in a quiet neighborhood with convenient amenities.

Where is this apartment building located?

The property is located at 709 79th Street #307 Darien, IL.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Highly desirable location: Close to top‑rated schools, parks, trails, dining, shopping, golf courses, and major highways.; Secure, heated underground garage with assigned parking and ample guest parking.; Spacious 2 bed, 2 bath condo with open layout, balcony, and abundant storage (in‑unit, dedicated closet, and garage storage).