Duplex Residential Income
For Sale
$415,000
9259 Hamlin Avenue, Des Plaines, IL 60016
Fresh paint, stainless-steel appliances, and a walk-in pantry complement the interior.
Property Size1,672 SF
Price / SF$248.21
Days on Market69
Property Features for 9259 Hamlin Avenue
General Information
Standard status
Active
Size
1,672 SF
Property subtype
1/2 Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,741
Amenities
stainless-steel appliances
walk-in pantry
unfinished basement
fenced backyard
Building Details
Building Size
1,672 SF
Year Built
1964
Buildings
1
Listing Agency:
ARNI Realty Incorporated
(847) 338-6296
Listed By:
Andrew Quadros
Source:
Purveyproperties
Added: Aug 26
Changed: Oct 31
Last Checked: Oct 31 at 3:19AM
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 ARNI Realty Incorporated
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Investment Insights
Based on property information with market context.
This 1,672-square-foot duplex was built in 1964 and has four bedrooms, two full bathrooms, and one half bathroom. The interior includes connected living and dining areas, a kitchen with stainless-steel appliances and a walk-in pantry, and an unfinished basement offering storage space. The property also has a fenced backyard. The sale is offered as-is.
Key Highlights
- Four bedrooms, two full bathrooms, and one half bathroom
- 1,672 square feet; built in 1964
- Kitchen with stainless‑steel appliances and walk‑in pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,397
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,940
$387.9K
Cap Rate 7%
$277,100
$277.1K
Cap Rate 9%
$215,522
$215.5K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$37.9K $22.68/SF
− Vacancy
−$2.7K −$1.59/SF
EGI
$35.3K $21.09/SF
− OpEx
−$15.9K −$9.49/SF
NOI
$19.4K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,940
Cap Rate 7%
$277,100
Cap Rate 9%
$215,522
Alternative Uses
Best Use
Apartment 5plus
$277.1K
$242.5K – $323.3K
NOI $19,397 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$577.3K
$505.1K – $673.5K
NOI $40,409 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,268
Businesses Nearby
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Business Placement
Demographics for 60016, IL
61,888
Population
25,613
Households
2.4
Avg Household Size
42
Median Age
43%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
5,115
Density / Sq Mi
$84,044
Median Household Income
$50,180
Median Earnings
$1,406
Median Rent
$300,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Fresh paint, stainless-steel appliances, and a walk-in pantry complement the interior.
Where is this residential income property located?
The property is located at 9259 Hamlin Avenue Des Plaines, IL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Four bedrooms, two full bathrooms, and one half bathroom; 1,672 square feet; built in 1964; Kitchen with stainless‑steel appliances and walk‑in pantry
