New Construction
927 Saddle Ridge Drive, Joliet, IL 60432
For Sale
$354,990
Access to walking and biking paths, Silver Cross Hospital, Pilcher Park, Woodruff Golf Course, and interstate routes.
Property Size1,650 SF
Price / SF$215.15
Days on Market111
Property Features for 927 Saddle Ridge Drive
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Berg Properties
(888) 276-9959
Listed By:
Colleen Berg · License #471019976
(708) 763-8674
Source:
Purveyproperties
Added: Jul 22
Changed: Nov 5
Last Checked: Nov 8 at 9:45AM
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 Berg Properties
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Investment Insights
Based on property information with market context.
Built in 2025, this duplex offers 1,650 square feet and is configured with 3 bedrooms and 3 bathrooms. Interior features include vaulted ceilings, white shaker cabinets, a 60-inch island, quartz countertops, and stainless steel appliances.
Nearby destinations include walking and biking paths, Silver Cross Hospital, Pilcher Park, and Woodruff Golf Course. Interstate access is also noted.
Nearby destinations include walking and biking paths, Silver Cross Hospital, Pilcher Park, and Woodruff Golf Course. Interstate access is also noted.
Key Highlights
- 2025 construction
- 1,650 square feet
- Configured with 3 bedrooms and 3 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,190
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,800
$323.8K
Cap Rate 7%
$231,286
$231.3K
Cap Rate 9%
$179,889
$179.9K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$31.5K $19.08/SF
− Vacancy
−$2.0K −$1.24/SF
EGI
$29.4K $17.84/SF
− OpEx
−$13.2K −$8.03/SF
NOI
$16.2K $9.81/SF
Area
Joliet, IL
Vacancy
6.50%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,800
Cap Rate 7%
$231,286
Cap Rate 9%
$179,889
Alternative Uses
Best Use
Apartment 5plus
$231.3K
$202.4K – $269.8K
NOI $16,190 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$486.5K
$425.7K – $567.6K
NOI $34,056 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
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Business Placement
Demographics for 60432, IL
19,989
Population
7,287
Households
2.7
Avg Household Size
33
Median Age
13%
College-Educated
65%
High-School Grad
8.5 sq mi
ZIP Area
2,352
Density / Sq Mi
$64,099
Median Household Income
$33,920
Median Earnings
$1,261
Median Rent
$185,100
Median Home Value
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Market
Properties on Market for Residential income properties in Joliet
Frequently Asked Questions
What type of property is this?
Residential income property - Access to walking and biking paths, Silver Cross Hospital, Pilcher Park, Woodruff Golf Course, and interstate routes.
Where is this residential income property located?
The property is located at 927 Saddle Ridge Drive Joliet, IL.
What is the asking price?
The asking price for this property is $354,990.
What are key features of this property?
This property features: 2025 construction; 1,650 square feet; Configured with 3 bedrooms and 3 bathrooms
