Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7333 Winthrop Way, Unit 10 Downers Grove, IL 60516

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $269,900

    Large 4-bedroom apartment with modern finishes and updated bathrooms.

    Property size:
    1,382 SF

    Property Features for 7333 Winthrop Way

    General Information

    Size
    1,382 SF

    Building Details

    Year built
    1971

    We can help!

    Listing Contact
    Elizabeth Lopez
    Source: Kw

    Listing Agent: Elizabeth Lopez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spacious Downers Grove Apartment

    This spacious 4-bedroom, 2.5-bath apartment is located in Downers Grove. The 1,382 square-foot unit features modern finishes throughout. The kitchen includes white cabinets and newer appliances, offering ample space for cooking and entertaining. The bathrooms have been updated. The property is conveniently located near expressways, grocery stores, parks, and schools.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0013087
    Latitude
    41.7545162

    Nearby Similar for Sale

    • $4,900,000
      1.55 Acres

      Ogden Avenue Automotive Property

      Automotive property in Downers Grove's West Ogden Avenue Corridor.
      1804 Ogden Ave, Downers Grove, IL 60515
      View Details
    • $2,500,000
      1.00 Acre

      Downers Grove Commercial Property

      Multiple-use property in a high-traffic retail corridor.
      1340 Ogden Ave, Downers Grove, IL 60515
      View Details
    • $2,500,000
      1.00 Acre

      Downers Grove Commercial Property

      Multiple-use property in a high-traffic retail corridor.
      1340 Ogden Ave, Downers Grove, IL 60515
      View Details
    • $614,900
      0.21 Acres

      Downers Grove Commercial Building

      Well-maintained commercial building suitable for medical or professional offices.
      425 Ogden Ave, Downers Grove, IL 60515
      View Details
    • $279,900
      0.55 Acres

      Downers Grove Office Condo

      Exceptional office condo in a prime Downers Grove location.
      1557 Warren Ave, Downers Grove, IL 60515
      View Details
    • $1,400,000
      0.40 Acres

      Downers Grove Commercial Opportunity

      Drive-thru restaurant and strip center for sale in Downers Grove.
      440 Ogden Ave, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      51,200 SF

      Downers Grove Warehouse/Distribution Space

      Pristine 12,800 SF unit near I-355 and Metra.
      5365 Walnut Ave, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      18,740 SF

      Downers Grove Warehouse with Storage

      18,740 SF warehouse with fenced outdoor storage and office.
      5240 Thatcher Dr, Downers Grove, IL 60515
      View Details
    • $250,000

      Updated Ranch Townhome with Garage

      Updated first-floor ranch townhome with attached garage and in-unit laundry.
      7412 Canterbury Pl, Downers Grove, IL 60516
      View Details
    • Contact for pricing
      72,929 SF

      Downers Grove Industrial Facility

      72,929 SF industrial facility with specialized food production capabilities.
      3131 Woodcreek Dr, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      47,384 SF

      Downers Grove Office Building For Sale

      47,384 SF office building with available space.
      1001 W 31St St, Downers Grove, IL 60515
      View Details
    • $799,000
      1,852 SF

      Retail Property Near I-88/I-355

      1,852 SF retail property in Downers Grove, Illinois for sale.
      1227 Ogden Ave, Downers Grove, IL 60515
      View Details

    FAQs

    What type of property is this?
    Apartment building - Large 4-bedroom apartment with modern finishes and updated bathrooms.
    Where is this apartment building located?
    The property is located at 7333 Winthrop Way, Unit 10 Downers Grove, IL.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: - Largest unit in Downers Grove, offering ample living space.; - Features 4 bedrooms and 2.5 bathrooms.; - Stunning, modern kitchen boasts white cabinets and newer appliances.
    Request Owner's contact information
    7333 Winthrop Way, Unit 10 Downers Grove, IL 60516
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7333 Winthrop Way, Unit 10
    Downers Grove, IL 60516
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7333 Winthrop Way, Unit 10 Downers Grove, IL 60516
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Elizabeth Lopez
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.