$152,000
●
Condo -
Off Market
386 Echo Lane #2
Aurora, IL 60504
2 Beds
1 Bath
813 Ft²
$1,386
Est. Monthly
$425
HOA / Fees
11.90%
Cap Rate
About This Property
good for investment This first floor ranch condo features a warm
and welcoming interior with generous living spaces. The home has
been freshly painted, has newer LVT flooring and is move-in ready!
The combined living and dining area leads to the kitchen with
abundant storage and a breakfast bar. Drift off to sleep each night
in the comfortable main bedroom with a large closet. The second
bedroom is nicely sized and perfect for a guest bedroom or an
office. Located a short distance from restaurants, shopping and
area parks this home is perfect. A rare opportunity. Schedule your
showing before it's gone. Rentals are allowed, Included in the
assessment: Heat, Water, Gas, Parking, Common Insurance, Security,
Lawn Care, Scavenger, Snow Removal.
Unit Size
813 Ft²
Days on Market
-
Land Size
-
Price per sqft
$203
Property Type
Condo
Property Taxes
$150
HOA Dues
$425
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (MRED MLS #12097447)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2024 | Sold | ||
| Sold | |||
| Jul 2, 2024 | In contract | - | |
| In contract | |||
| Jun 28, 2024 | Listed by Fathom Realty IL LLC | $165,000 | |
| Listed by Fathom Realty IL LLC | |||
| Jan 30, 2023 | Sold | ||
| Sold | |||
| Jan 13, 2023 | Listed by Wheatland Realty | $125,000 | |
| Listed by Wheatland Realty | |||
| | |||
|
Highest and Best by Sunday at 5pm-Thanks! This first floor ranch condo features a warm and welcoming interior with generous living spaces. The home has been freshly painted, has newer LVT flooring and is move-in ready! The combined living and dining area leads to the kitchen with abundant storage and a breakfast bar. Drift off to sleep each night in the comfortable main bedroom with a large closet. The second bedroom is nicely sized and perfect for a guest bedroom or an office. Located a short distance from restaurants, shopping and area parks this home is perfect. A rare opportunity. Schedule your showing before it's gone. Rentals are allowed, buyer to verify details. Rentals must be approved by the board. If the rental is not approved there is a $500 fine. Included in the assessment: Heat, Water, Gas, Parking, Common Insurance, Security, Lawn Care, Scavenger, Snow Removal. FHA approval has expired but there may be able to be a spot approval.
| |||
Property Highlights
Parking Details
Total Number of Parking: 2
Parking Features: Unassigned
Interior Details
Bedrooms: 2
Bathrooms: 1
Full Bathrooms: 1
Interior Features: First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Laundry Hook-Up in Unit
Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
Rooms: 5
Basement: None
Basement Description: None
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 41-50 Years
Rebuilt(Y/N): No
Parcel Number: 0729208018
Property Type: Residential
Year Built: 1981
Roof: Asphalt
No Disability Access
Special Conditions: None
Exterior Features: Patio, Storms/Screens
Lot Features: Common Grounds
Lot Size Dimensions: COMMON
Water Source: Lake Michigan
Financial Details
Tax Year: 2023
Tax Annual Amount: $1,804
Tax Exemptions: Homeowner
Utilities Details
Cooling: Window/Wall Units - 2
Heating: Natural Gas, Steam
Sewer : Public Sewer
Location Details
Township: Naperville
Corporate Limits: Aurora
Directions: McCoy W to Frontenac S to Echo Lane West to Property
County or Parish: DuPage
Elementary School District: 204
Elementary School: Mccarty Elementary School
Middle Or Junior School District: 204
Middle Or Junior School: Fischer Middle School
High School District: 204
High School: Waubonsie Valley High School
Other Details
Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Security, Lawn Care, Scavenger, Snow Removal
Association Fee: $425
Association Fee Freq: Monthly
Holds Earnest Money: No
Some Photos Virtually Staged (Y/N): No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/19/2025
|
2 Bed
|
1 Bath
|
-
|
$170,000
2 Bed
1 Bath
|
$170,000
09/08/2025
|
Jing Wang
Wang J Realty LLC
| |
|
06/28/2024
|
2 Bed
|
1 Bath
|
813 ft²
|
$165,000
2 Bed
1 Bath
813 ft²
|
$152,000
-7.88%
08/12/2024
|
Ahmed Shakir
Keller Williams Premiere Properties
| |
|
01/13/2023
|
2 Bed
|
1 Bath
|
813 ft²
|
$125,000
2 Bed
1 Bath
813 ft²
|
$126,500
+1.20%
01/30/2023
|
Nicole Tudisco
Wheatland Realty
| |
|
10/14/2020
|
2 Bed
|
1 Bath
|
813 ft²
|
$98,000
2 Bed
1 Bath
813 ft²
|
-
-
|
-
|
Building Info
About Far East
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Listed by: Ahmed Shakir, Fathom Realty IL LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12097447
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 years ago
Data Source: MRED, MLS# 12097447
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