Residential Income Property with
959 Elderberry Circle Unit 107, Naperville, IL 60563
For Sale
$425,000
The two-bedroom condo includes two outdoor living areas and an extra-wide, extra-deep garage.
Property Size1,876 SF
Price / SF$226.55
Days on Market33
Property Features for 959 Elderberry Circle Unit 107
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX of Naperville
(630) 846-1819
Listed By:
Eva Burns · License #76.0389481
(630) 420-1220
Source:
Thegloverteam
Added: Oct 8
Changed: Nov 7
Last Checked: Nov 8 at 12:02PM
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 of Naperville
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Investment Insights
Based on property information with market context.
This 1,876-square-foot condominium, built in 1996, has two bedrooms on the main level and two full bathrooms. The kitchen features white custom cabinetry, two pantries, newer appliances and a tile backsplash. A lower level adds flexible living space, storage and a separate laundry area with a newer Samsung washer and dryer. The layout also includes two outdoor living areas and an extra-wide, extra-deep garage. The lower level may offer the possibility of a third bedroom or private office, subject to the feasibility of modifications.
The property is in Naperville, within Naperville School District 203, and Naperville North High School is a few blocks away. I-88, the Metra station and downtown Naperville are minutes away.
The property is in Naperville, within Naperville School District 203, and Naperville North High School is a few blocks away. I-88, the Metra station and downtown Naperville are minutes away.
Key Highlights
- 1,876‑square‑foot condominium built in 1996
- Two main‑level bedrooms and two full bathrooms
- Two pantries, custom cabinetry and newer kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,152
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,040
$363.0K
Cap Rate 7%
$259,314
$259.3K
Cap Rate 9%
$201,689
$201.7K
Market Conditions
NOI Build-Up for 1,876 SF
Gross rent
$34.7K $18.48/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$33.0K $17.59/SF
− OpEx
−$14.9K −$7.92/SF
NOI
$18.2K $9.68/SF
Area
Naperville, IL
Vacancy
4.80%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,040
Cap Rate 7%
$259,314
Cap Rate 9%
$201,689
Alternative Uses
Best Use
Apartment 5plus
$259.3K
$226.9K – $302.5K
NOI $18,152 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.5K
$370.5K – $494.0K
NOI $29,642 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 60563, IL
37,997
Population
16,911
Households
2.2
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
14.6 sq mi
ZIP Area
2,603
Density / Sq Mi
$106,207
Median Household Income
$71,782
Median Earnings
$1,786
Median Rent
$422,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in DuPage County, IL
Properties on Market for Residential income properties in DuPage County
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom condo includes two outdoor living areas and an extra-wide, extra-deep garage.
Where is this residential income property located?
The property is located at 959 Elderberry Circle Unit 107 Naperville, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,876‑square‑foot condominium built in 1996; Two main‑level bedrooms and two full bathrooms; Two pantries, custom cabinetry and newer kitchen appliances
