New Two-Story Duplex in
For Sale
$336,540
259 Red Oak Circle, Volo, IL 60020
New construction duplex with modern amenities in a walkable neighborhood.
Property Size1,767 SF
Days on Market272
Property Features for 259 Red Oak Circle
General Information
Standard status
Active
Size
1,767 SF
Property subtype
Townhouse
Amenities
Forced Air
Natural Gas
Central Air
Range
Microwave
Dishwasher
Disposal
Stainless Steel Appliance(s)
Building Details
Building Size
1,767 SF
Year Built
2025
Listing Agency:
HomeSmart Connect LLC
(847) 495-5000
Listed By:
Bill Flemming · License #471000179
Source:
Kw
Added: Dec 3, 2025
Changed: Aug 31
Last Checked: Jul 16 at 6:35AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,676
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,520
$473.5K
Cap Rate 7%
$338,229
$338.2K
Cap Rate 9%
$263,067
$263.1K
Market Conditions
NOI Build-Up for 1,767 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $23,676 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$311.5K
$272.6K – $363.5K
NOI $21,808 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$610.1K
$533.8K – $711.8K
NOI $42,705 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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.
