364 Pennsylvania AveGlen Ellyn, IL 60137

Property Details for 364 Pennsylvania Ave

Year built

1982

Lot size

0.24 AC

Property size (Sq ft)

928 SF

Zone code

C

Property type

Office properties

APN

05-10-421-001

APU

510421001

Description

This exceptional 597-square-foot executive office condo is ideally situated in Glen Ellyn, Illinois, just blocks from the Metra train station, the bustling business district, and an array of restaurants and coffee shops. Located at 364 Pennsylvania Avenue, Unit #2-5, this second-floor unit (walk-up, no elevator) is perfect for a professional office, business owner, or savvy investor. The property, built in 1980, is part of an eight-unit building with on-site and street parking. Zoned C-5B, the condo association restricts use to professional/office purposes, ensuring a consistent and desirable environment. A significant advantage is the recently replaced furnace and AC unit (Summer 2022). The current lease, generating $496 monthly rent, expires January 31, 2025, providing immediate income potential. The quarterly condo assessment of $439 covers building liability insurance, lawn care, snow removal and salting, building water and sewer, common area heating and electricity, common area janitorial service, building refuse service, village taxes, fire inspection, and annual corporate tax filings. The asking price for this attractive investment opportunity is $85,000, representing a price per square foot of $142.38. This property offers a blend of convenience, functionality, and strong investment potential in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $167,561

  6.5%

  $154,672

  7%

  $143,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $94,214

  Geo Method

  $120,872

• Alternative Use

  Use

  Valuation

  Residential

  $191,793

  Hospitality

  $175,682

  Educational

  $146,165

  Medical

  $151,192

  Retail

  $227,368

Location Insight

City

Glen Ellyn

County

Dupage

State

Illinois

Latitude

41.877

Longitude

-88.0743

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].