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    Move-In Ready Condo Near Train Title is generated by Realmo AI

    1815 Oakton Street #2A, Park Ridge, IL 60068

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    For Sale
    $215,000

    Two-bedroom condo with new appliances, close to Dee Road Train.

    Type:Condominium
    Property size:
    1,005 SF
    Price / SF:
    $213/SF
    Added:
    Sep 12, 2025
    Days on Market:
    297
    Last Refresh:
    May 19 at 9:09 pm

    Property Features for 1815 Oakton Street #2A

    General Information

    Standard status
    Active
    Size
    1,005 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    1972

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    Yolonda Moenning
    Yolonda Moenning

    Listing office Yolonda Moenning Real Estate

    Listing date Sep 12, 2025

    Source Kw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Yolonda Moenning Real Estate

    HighLights

    • Conveniently located near Dee Road Train Station.
    • Includes 1 underground parking space.
    • Move‑in ready with fresh paint and new carpeting.
    • New stove, microwave, and dishwasher included.
    • Unit located at the back of the building, away from Oakton Street.
    • Assessment includes heat, garbage, and water.

    Overview

    This second-floor unit, situated in a desirable complex with an elevator, features two bedrooms and one full bathroom. The home is in move-in condition, enhanced by fresh paint and new carpeting throughout. Located at the back of the building, the unit does not overlook Oakton Street. The spacious living room includes oversized sliding glass doors that open to the balcony, maximizing sunlight. The kitchen is equipped with a new stove, microwave, and dishwasher, along with a newer refrigerator. Residents have access to coin laundry on each floor, individual storage units, and one indoor parking spot. The assessment covers heat, garbage, and water, while the owner is responsible for electric. The property is part of an estate sale and is being sold in "as is" condition. The complex is in a location close to the Dee Road Train Station. The unit has a size of 1005 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $22.8k $22.68
    − Vacancy −$1.6k −$1.59
    EGI $21.2k $21.09
    − OpEx −$9.5k −$9.49
    NOI $11.7k $11.60
    1,005 SF · lease $22.68/SF/yr · vacancy 7.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $166.6K
    $145.7K – $194.3K (±1% cap)
    NOI $11,659 @ 7.0% cap · market cap 5.42%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $347.0K
    $303.6K – $404.8K (±1% cap)
    NOI $24,289 @ 7.0% cap · market cap 11.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Hair Salon Nail Salon Hotel & Motel Food Market Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Electronics & Wireless Store Barber Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Park Ridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.8501
    Latitude
    42.0249

    FAQs

    What type of property is this?
    Apartment building - Two-bedroom condo with new appliances, close to Dee Road Train.
    Where is this apartment building located?
    The property is located at 1815 Oakton Street #2A Park Ridge, IL.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: Conveniently located near Dee Road Train Station.; Includes 1 underground parking space.; Move‑in ready with fresh paint and new carpeting.
    More about this property
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