Multi-Level
9406 N Oak Avenue, Des Plaines, IL 60016
For Sale
$399,900
A finished lower-level family room adds usable interior space to this two-unit residential property.
Property Size1,550 SF
Price / SF$258
Days on Market34
Property Features for 9406 N Oak Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer and dryer
Building Details
Building Size
Year Built
Buildings
Listing Agency:
RE/MAX Properties Northwest
(847) 903-4506
Listed By:
Walid Taliya
(847) 698-7000
Source:
Premier-relocation
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 9:12PM
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 RE/MAX Properties Northwest
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Investment Insights
Based on property information with market context.
Built in 1963, this 1,550-square-foot, multi-level duplex includes a living room, dining area, kitchen with breakfast space, three bedrooms and two full bathrooms. A finished lower-level family room provides additional indoor space. Interior and system updates include refinished hardwood flooring, replacement windows, ceiling fans, custom blinds, an in-unit washer and dryer, a furnace installed in 2017 and a water heater installed in 2018.
The property is in Des Plaines, with hospitals, shopping, dining and major expressways described as a short drive away.
The property is in Des Plaines, with hospitals, shopping, dining and major expressways described as a short drive away.
Key Highlights
- Multi‑level duplex with 1,550 square feet
- Three bedrooms and two full bathrooms
- Finished lower‑level family room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,981
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,620
$359.6K
Cap Rate 7%
$256,871
$256.9K
Cap Rate 9%
$199,789
$199.8K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$35.2K $22.68/SF
− Vacancy
−$2.5K −$1.59/SF
EGI
$32.7K $21.09/SF
− OpEx
−$14.7K −$9.49/SF
NOI
$18.0K $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%
$359,620
Cap Rate 7%
$256,871
Cap Rate 9%
$199,789
Alternative Uses
Best Use
Apartment 5plus
$256.9K
$224.8K – $299.7K
NOI $17,981 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$595.2K
$520.8K – $694.4K
NOI $41,664 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,214
Businesses Nearby
Explore this area
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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Market
Properties on Market for Residential income properties in Cook County
Frequently Asked Questions
What type of property is this?
Residential income property - A finished lower-level family room adds usable interior space to this two-unit residential property.
Where is this residential income property located?
The property is located at 9406 N Oak Avenue Des Plaines, IL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Multi‑level duplex with 1,550 square feet; Three bedrooms and two full bathrooms; Finished lower‑level family room
