Residential Income Property with Water
For Sale
$285,000
902 Summit Creek Drive, Shorewood, IL 60404
Three-bedroom townhome offers hardwood floors, upgraded finishes, and an attached heated garage.
Property Size2,116 SF
Price / SF$134.69
Days on Market48
Property Features for 902 Summit Creek Drive
General Information
Standard status
Active
Size
2,116 SF
Property subtype
Apartment
Amenities
Forced Air
Central Air
Natural Gas
Range
Microwave
Dishwasher
Refrigerator
Washer
Dryer
Disposal
Stainless Steel Appliance(s)
Water Softener Owned
Deck, Water Front, Asphalt
Building Details
Year Built
2006
Listing Agency:
RE/MAX Ultimate Professionals
Listed By:
Gerald Shepich · License #475105296
(815) 353-1971
Source:
Kw
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 28 at 2:23PM
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 RE/MAX Ultimate Professionals
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,116-square-foot townhome includes three bedrooms, 2 1/2 baths, and the largest model configuration in the complex. Interior features include hardwood flooring, newer stair carpeting, a kitchen with stainless steel appliances and granite countertops, plus a second-floor laundry area. The main bedroom has a volume ceiling, walk-in closet, and upgraded bathroom. A lower-level office provides additional functional space, while the attached two-car heated garage adds convenience. The unit also includes central air, forced-air heating, a newer HVAC unit, and a water softener.
Located in the Summit Creek subdivision, the property has a water-front exterior setting with a deck and asphalt surfaces. Interstates, dining, and shopping are nearby, providing access to everyday services and regional travel routes.
Located in the Summit Creek subdivision, the property has a water-front exterior setting with a deck and asphalt surfaces. Interstates, dining, and shopping are nearby, providing access to everyday services and regional travel routes.
Key Highlights
- 2,116‑square‑foot townhome with 3 bedrooms and 2 1/2 baths
- Water‑front setting with deck
- Stainless steel appliances and granite kitchen countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,547
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,940
$490.9K
Cap Rate 7%
$350,671
$350.7K
Cap Rate 9%
$272,744
$272.7K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$48.0K $22.68/SF
− Vacancy
−$3.4K −$1.59/SF
EGI
$44.6K $21.09/SF
− OpEx
−$20.1K −$9.49/SF
NOI
$24.5K $11.60/SF
Area
Will 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%
$490,940
Cap Rate 7%
$350,671
Cap Rate 9%
$272,744
Alternative Uses
Best Use
Apartment 5plus
$350.7K
$306.8K – $409.1K
NOI $24,547 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$479.9K
$419.9K – $559.9K
NOI $33,594 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
Business Placement
Demographics for 60404, IL
19,916
Population
7,530
Households
2.6
Avg Household Size
42
Median Age
40%
College-Educated
96%
High-School Grad
15.7 sq mi
ZIP Area
1,269
Density / Sq Mi
$121,696
Median Household Income
$54,628
Median Earnings
$1,945
Median Rent
$319,800
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom townhome offers hardwood floors, upgraded finishes, and an attached heated garage.
Where is this residential income property located?
The property is located at 902 Summit Creek Drive Shorewood, IL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 2,116‑square‑foot townhome with 3 bedrooms and 2 1/2 baths; Water‑front setting with deck; Stainless steel appliances and granite kitchen countertops
