Building Details

Building Size 1,767 SF

Year Built 2025

Listing Agency: HomeSmart Connect LLC

Listed By: Bill Flemming · License #471000179 Show Phone

Source: Kw

Added: Dec 3, 2025 Changed: Oct 6 Last Checked: Oct 16 at 6:11AM

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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 HomeSmart Connect LLC

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Investment Insights

Based on property information with market context.

The Marianne model is a newly designed two-story duplex featuring three bedrooms, two full baths, a half bath, and a two-car garage. The first floor includes a great room that flows into the dining area and an open kitchen. The kitchen is equipped with an island with a breakfast bar, 42" cabinets, polished quartz countertops, and stainless steel appliances. Luxury vinyl plank flooring is installed throughout the main floor. The second floor houses two secondary bedrooms and an owner's suite with a walk-in closet and a spa-inspired bath. An upstairs laundry room adds convenience. Located in the Oaks of Volo, the property is part of a community featuring traditional and urban townhomes, green open spaces, walking paths, and a central park and playground. The neighborhood offers a blend of comfort, community, and convenience. Residents have access to Moraine Hills State Park for hiking, biking, and bird-watching, as well as recreation options through the Round Lake Area Park District, including sports fields, aquatic centers, and community events.

Key Highlights

• Special financing available and ready for December delivery.
• Newly designed two‑story duplex (The Marianne model) features 3 bedrooms, 2.5 baths, and a 2‑car garage.
• Enjoy the open‑concept kitchen with a large island, breakfast bar, 42" cabinets, quartz countertops, and stainless steel appliances.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,676

Cap Rate

7.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$473,520 $473.5K

Cap Rate 7%

$338,229 $338.2K

Cap Rate 9%

$263,067 $263.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,767 SF

Gross rent

$36.0K $20.40/SF

− Vacancy

−$2.2K −$1.26/SF

EGI

$33.8K $19.14/SF

− OpEx

−$10.1K −$5.74/SF

NOI

$23.7K $13.40/SF

Area

Lake County, IL

Vacancy

6.17%

Lease Rate

$20.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$473,520

Cap Rate 7%

$338,229

Cap Rate 9%

$263,067

Alternative Uses

Best Use

Multifamily LT 5

$338.2K

$296.0K – $394.6K (±1% cap)

NOI $23,676 @ 7.0% cap · market cap 7.04%

Second Best

Apartment 5plus

$311.5K

$272.6K – $363.5K (±1% cap)

NOI $21,808 @ 7.0% cap · market cap 6.48%

Theoretical Best

Office A

$610.1K

$533.8K – $711.8K (±1% cap)

NOI $42,705 @ 7.0% cap · market cap 12.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm Bakery Hair Salon Furniture & Home Goods Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

167

Businesses Nearby

Explore this area Business Placement

Demographics for 60020, IL

10,967

Population

5,523

Households

2

Avg Household Size

43

Median Age

27%

College-Educated

96%

High-School Grad

4.7 sq mi

ZIP Area

2,333

Density / Sq Mi

$71,028

Median Household Income

$44,732

Median Earnings

$1,228

Median Rent

$215,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - New construction duplex with modern amenities in a walkable neighborhood.

Where is this duplex located?

The property is located at 259 Red Oak Circle Volo, IL.

What is the asking price?

The asking price for this property is $336,540.

What are key features of this property?

This property features: Special financing available and ready for December delivery.; Newly designed two‑story duplex (The Marianne model) features 3 bedrooms, 2.5 baths, and a 2‑car garage.; Enjoy the open‑concept kitchen with a large island, breakfast bar, 42" cabinets, quartz countertops, and stainless steel appliances.