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$319,777

Under Contract
2165 Greystone Pl, Hoffman Estates, IL 60169
3 Beds
2 Baths
1,207 Square Feet
0.00 Acres Lot
Built in 1972
Under Contract
4 Units
Checked: 15 hours ago
Updated: Jul 25, 2025 at 03:45AM

Investment Summary


Monthly Cash Flow
-$521
Cap Rate
3.7%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.2%

Property Description


0.00 Acres Lot
Built in 1972
Under Contract
4 Units

Step into this beautifully maintained home beginning with a welcoming foyer that sets the tone for style and comfort. Just off the entry is a private office featuring luxury plank vinyl flooring and a stylish barn door, which leads into the spacious laundry and mechanical room. Head upstairs to the main living level, where you'll find rich hardwood floors throughout the living and dining areas. The living room is bright and inviting, featuring a cozy eating area, a stunning modern light fixture, and a dry bar complete with cabinetry and attached shelving-perfect for entertaining. The adjacent dining room provides additional space for hosting and daily living. The kitchen is a true standout with a large window over the sink that floods the space with natural light. Enjoy beautiful maple cabinets with crown molding, a tiled backsplash, granite countertops, and all stainless steel appliances. A casual eating area completes the kitchen space. A convenient powder room with a vanity and granite countertops finishes off this level. Upstairs, the third floor offers three bedrooms and a full hallway bathroom. The master bedroom features French doors, recessed lighting, and plush carpeting. Two additional bedrooms offer ample space-one with recessed lighting and the other currently used as a nursery. The full bath includes tile flooring, a vanity with granite countertops, and a shower/tub combo with tile that extends to the ceiling. This thoughtfully designed home combines modern finishes, practical living space, and charming details throughout. Located near I-90, entertainment, dining, golf, parks, shopping -- you won't want to miss this opportunity!

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Location


Property Details


Parking

  • Description: Attached, Garage, Garage On-Site
  • Details: On Site, Attached, Garage
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Wood

HOA

  • Has HOA: Yes
  • HOA Fee: $219/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 0707203066
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1972

Tax Information

  • Annual Tax: $4,506

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Cook

Listing Details


Listed by:
Sarah Leonard
Legacy Properties, A Sarah Leonard Company, LLC
(224) 239-3966

Source:
Midwest Real Estate Data (MRED)
MLS#: 12420306
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$521
Cap Rate
3.7%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.2%

Purchase Details

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Purchase price:
$319,777
Amount financed:
-$255,822
Down payment:
$63,955
Closing costs:
$9,593
Rehab costs:
$0
Initial cash invested:
$73,548
Square feet:
1,207
Cost per square foot:
$265
Monthly rent per square foot:
$1.91

Financing Details

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Loan amount:
$255,822
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,513
Property tax:
$376
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,050

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$376-$4,506
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (10%)
10%-$219-$2,628
Total operating expenses: (51%)
51%-$1,170-$14,034

Cash Flow


Monthly Yearly
Net operating income:
$992 $11,904
Mortgage payments:
-$1,513 -$18,156
Cash flow:
$521 $6,252