Your AI Navigator in Commercial Real Estate
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

    845 22Nd St Lombard, IL 60148

    Sponsored
    For Sale
    $339,000

    Updated Condo, High Cap Rate, Assumable Loan

    Property size:
    1,290 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Lombard, IL condo offers a compelling investment opportunity with an 8.04% cap rate and a substantial $27,250 net operating income (NOI). The 1,290 square foot unit, recently renovated in 2024, boasts new hardwood floors, updated kitchen with new cabinets and countertops, and brand new, never-used appliances. Two bedrooms and two bathrooms provide comfortable living space. A private covered deck overlooks a green space. The unit includes one parking space and convenient access to major highways (I-355/290/88/294). The building is professionally managed and has over $1.2 million in reserves. An attractive feature is the availability of a $165,000 assumable loan at a 3.625% interest rate, significantly below current market rates, resulting in substantial interest savings. The property is located near Fountain Square retail, Yorktown Mall, and Oakbrook Center, offering convenient access to shopping and amenities. The unit is ready for immediate occupancy, making it an ideal investment for owner-users or investors seeking a high-return property with significant added value. The condo association is well-maintained and financially sound.

    Property Features for 845 22Nd St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,290 SF
    Class
    A

    Building Details

    Year Built/Renovated
    2008/2024
    Units
    1

    HighLights

    • Investor‑friendly Lombard condo, offering an 8% cap rate.
    • Recently renovated with new hardwood floors, kitchen, and appliances.
    • Features a private covered deck and is near Yorktown and Oakbrook Malls.
    • Includes an assumable $165,000 loan at 3.625% interest.
    • Well‑managed building with over $1.2M in reserves.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lombard
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9963226
    Latitude
    41.8455326

    Nearby Similar for Sale

    • $150,000
      0.46 Acres

      Established Halal Restaurant Business

      Turnkey restaurant business opportunity in a prime Lombard location.
      908 E Roosevelt Rd, Lombard, IL 60148
      View Details
    • $399,000

      Lombard Land For Sale

      Four platted lots available in Lombard, Illinois.
      1305 S Wisconsin Ave, Lombard, IL 60148
      View Details
    • $210,000

      Rare First Floor Condo Unit

      Spacious 3-bedroom condo with updated features and convenient location.
      1313 S Rebecca Rd, Lombard, IL 60148
      View Details
    • $2,000,000
      0.30 Acres

      Lombard Multifamily Investment Opportunity

      Multifamily property in Lombard, Illinois with 12 units.
      105 E Grove St, Lombard, IL 60148
      View Details
    • $262,000

      Lombard Condo with Balcony

      Charming 2-bedroom condo in Lombard, near shopping and restaurants.
      2250 S Grace St, Lombard, IL 60148
      View Details
    • Contact for pricing
      211,528 SF

      Lombard Office Space For Sale

      Office space for sale near Yorktown Mall and I-88.
      700 E Butterfield Rd, Lombard, IL 60148
      View Details
    • Contact for pricing
      125,719 SF

      Office Space at Butterfield Centre

      Office space for sale with upcoming renovations and many amenities.
      720 E Butterfield Rd, Lombard, IL 60148
      View Details
    • $199,900

      Lombard Condo with Balcony View

      Two-story Lombard condo with balcony, convenient location, and ongoing updates.
      120A Collen Dr, Lombard, IL 60148
      View Details
    • Contact for pricing
      139 SF

      Retail Building in Lombard, Illinois

      Retail building in Lombard's dense retail pocket available for sale.
      2860 S Highland Ave, Lombard, IL 60148
      View Details
    • Contact for pricing
      32,113 SF

      Lombard Flex Space For Sale

      Flex space with access to major highways and amenities.
      401-419 Eisenhower Ln S, Lombard, IL 60148
      View Details
    • $341,000
      2,200 SF

      Updated Office Building For Sale

      Move-in ready office building with modern updates and ample parking.
      101 W 22Nd St, Lombard, IL 60148
      View Details
    • Contact for pricing
      27,298 SF

      Lombard Warehouse with Secured Storage

      27,298 SF warehouse with fenced, secured outside storage.
      600 E Western Ave, Lombard, IL 60148
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Updated Condo, High Cap Rate, Assumable Loan
    Where is this multifamily property located?
    The property is located at 845 22Nd St Lombard, IL.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: Investor-friendly Lombard condo, offering an 8% cap rate.; Recently renovated with new hardwood floors, kitchen, and appliances.; Features a private covered deck and is near Yorktown and Oakbrook Malls.
    Request Owner's contact information
    845 22Nd St Lombard, IL 60148
    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.
    845 22Nd St
    Lombard, IL 60148
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    845 22Nd St Lombard, IL 60148
    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
    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.