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    1596 Oxford Rd Des Plaines, IL 60018

    For Sale
    $850,000

    2 Stories - Des Plaines, IL

    Lot size:
    0.69 Acres
    Days on Market:
    55
    Last Refresh:
    Dec 8 at 5:06 pm

    Property Features for 1596 Oxford Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    3
    APN
    09194040120000
    Parking
    2
    Lot size
    0.69 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Architectural style
    Other

    Troy Realty LTD (773) 792-3000 [email protected]

    Listing agent Andrzej Olszowka (773) 792-3000 License #475160900

    Listing date Oct 15, 2025

    MLS# 12475919 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Lot Development Opportunity

    Located at the intersection of E Oakton Street and Oxford Road, 1596 Oxford Rd., Des Plaines, IL 60018, this corner parcel offers a prime development opportunity. The site encompasses approximately 0.69 acres, with lot dimensions of 143FT x 223FT. The property is zoned residential, but has potential for Planned Unit Development (PUD) future multifamily use, making it ideal for townhomes, apartments, condos, commercial, retail, or service developments. A zoning change is required based on the purchaser's desired use. Public water and sewer are available to the site. The existing structure is an updated two-story home with two separate rental units, fully remodeled in 2019, which produces immediate rental income while redevelopment plans are underway. The location is moments from downtown Des Plaines, Metra, shopping, schools, and parks, and in close proximity to O'Hare Airport and major highways. The growing demand in surrounding residential areas makes this a lucrative build opportunity. The site offers flexibility and value, from short-term rental income to long-term multifamily construction potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.9128521
    Latitude
    42.0236437

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    FAQs

    What type of property is this?
    Commercial land - High-visibility corner parcel in Des Plaines, ideal for redevelopment.
    Where is this commercial land located?
    The property is located at 1596 Oxford Rd Des Plaines, IL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Prime corner lot location at Oakton & Oxford with high visibility and traffic volume.; - Zoned residential with potential for Planned Unit Development (PUD) for multifamily use. Zoning change required.; - Existing updated two-story home with two rental units (remodeled in 2019) provides immediate rental income.
    (773) 792-3000
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1596 Oxford Rd Des Plaines, IL 60018
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