Residential Income Property with
933 Wedgewood Drive, Crystal Lake, IL 60014
For Sale
$539,000
Pending
A three-bedroom home pairs a main-level primary suite with golf course views and a private outdoor patio.
Property Size2,529 SF
Days on Market43
Property Features for 933 Wedgewood Drive
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fireplace
patio
bay window
hardwood floors
stainless steel appliances
walk-in closet
soaker tub
dual vanity
separate shower
laundry room
garage
window treatments
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Berkshire Hathaway Homeservices Chicago
(815) 575-0973
Listed By:
Roxana Naughton · License #475136816
Source:
Premier-relocation
Added: Sep 28
Changed: Nov 5
Last Checked: Nov 8 at 9:51AM
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 Berkshire Hathaway Homeservices Chicago
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Investment Insights
Based on property information with market context.
This 1991 villa has a main-level primary bedroom with an ensuite bath, walk-in closet, and direct access to a brick patio. The kitchen includes an island, stainless steel appliances, and an eating area. A fireplace and built-in cabinetry anchor the great room, which also has a dining area and broad windows. The upper floor adds two bedrooms and an updated hall bath; the full basement is unfinished. A half bath and laundry room complete the main level.
The home sits beside the 14th green of Crystal Lake Country Club, with views of the golf course, woods, and surrounding landscape. Sidewalks and paths connect the property to lakeside and country club amenities.
Recent updates include fresh interior paint, new garage doors, window treatments, a refrigerator, and flooring in the laundry room. The upper-level bath has also been updated.
The home sits beside the 14th green of Crystal Lake Country Club, with views of the golf course, woods, and surrounding landscape. Sidewalks and paths connect the property to lakeside and country club amenities.
Recent updates include fresh interior paint, new garage doors, window treatments, a refrigerator, and flooring in the laundry room. The upper-level bath has also been updated.
Key Highlights
- Villa located beside the 14th green of Crystal Lake Country Club
- Main‑level primary suite with ensuite bath and walk‑in closet
- Two additional bedrooms and an updated hall bath upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,242
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,840
$444.8K
Cap Rate 7%
$317,743
$317.7K
Cap Rate 9%
$247,133
$247.1K
Market Conditions
NOI Build-Up for 2,529 SF
Gross rent
$44.0K $17.40/SF
− Vacancy
−$3.6K −$1.41/SF
EGI
$40.4K $15.99/SF
− OpEx
−$18.2K −$7.20/SF
NOI
$22.2K $8.79/SF
Area
McHenry County, IL
Vacancy
8.10%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,840
Cap Rate 7%
$317,743
Cap Rate 9%
$247,133
Alternative Uses
Best Use
Apartment 5plus
$317.7K
$278.0K – $370.7K
NOI $22,242 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$689.6K
$603.4K – $804.5K
NOI $48,272 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
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Business Placement
Demographics for 60014, IL
48,275
Population
18,135
Households
2.7
Avg Household Size
40
Median Age
42%
College-Educated
94%
High-School Grad
25.1 sq mi
ZIP Area
1,923
Density / Sq Mi
$104,657
Median Household Income
$50,805
Median Earnings
$1,429
Median Rent
$296,100
Median Home Value
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Market
Properties on Market for Residential income properties in McHenry County
Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom home pairs a main-level primary suite with golf course views and a private outdoor patio.
Where is this residential income property located?
The property is located at 933 Wedgewood Drive Crystal Lake, IL.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Villa located beside the 14th green of Crystal Lake Country Club; Main‑level primary suite with ensuite bath and walk‑in closet; Two additional bedrooms and an updated hall bath upstairs
