845 22Nd St, Lombard, IL 60148

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.