Duplex with Attached
For Sale
$429,900
9349 Fern Lane, Des Plaines, IL 60016
Hardwood flooring, cathedral ceilings, and separate family and dining rooms shape the interior.
Property Size2,040 SF
Price / SF$210.74
Days on Market68
Property Features for 9349 Fern Lane
General Information
Standard status
Active
Size
2,040 SF
Property subtype
1/2 Duplex
Taxes and HOA fees
Annual Taxes
$8,893
Building Details
Building Size
2,040 SF
Year Built
1966
Listing Agency:
Coldwell Banker Realty
(847) 863-6169
Listed By:
Ashraf Memon · License #471012812
(773) 906-8555
Source:
Purveyproperties
Added: Aug 27
Changed: Oct 31
Last Checked: Oct 30 at 10:49PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 2,040-square-foot duplex was built in 1966 and includes 4 bedrooms, 2.5 baths, and an attached garage. Interior features include hardwood flooring, a living room with cathedral ceilings, and separate family and dining rooms. The kitchen has granite countertops and stainless steel appliances.
Updates and equipment include newer windows, a patio door, an updated air conditioning system and furnace, a tankless water heater, and laundry machines. An outdoor shed and brick pavers in the backyard complete the property.
Updates and equipment include newer windows, a patio door, an updated air conditioning system and furnace, a tankless water heater, and laundry machines. An outdoor shed and brick pavers in the backyard complete the property.
Key Highlights
- Duplex with 2,040 square feet, 4 bedrooms, 2.5 baths, and an attached garage
- Built in 1966
- Living room with cathedral ceilings; separate family and dining rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,666
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,320
$473.3K
Cap Rate 7%
$338,086
$338.1K
Cap Rate 9%
$262,956
$263.0K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$46.3K $22.68/SF
− Vacancy
−$3.2K −$1.59/SF
EGI
$43.0K $21.09/SF
− OpEx
−$19.4K −$9.49/SF
NOI
$23.7K $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%
$473,320
Cap Rate 7%
$338,086
Cap Rate 9%
$262,956
Alternative Uses
Best Use
Apartment 5plus
$338.1K
$295.8K – $394.4K
NOI $23,666 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$704.3K
$616.3K – $821.7K
NOI $49,302 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,354
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 - Hardwood flooring, cathedral ceilings, and separate family and dining rooms shape the interior.
Where is this residential income property located?
The property is located at 9349 Fern Lane Des Plaines, IL.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Duplex with 2,040 square feet, 4 bedrooms, 2.5 baths, and an attached garage; Built in 1966; Living room with cathedral ceilings; separate family and dining rooms
