Contact us: 563.441.1776
Description
Development Opportunity with Income - Des Plaines Corner parcel located at E Oakton St. & Oxford Rd. offering approximately 0.69 acres (30,000+ SF) with high visibility and traffic exposure. Irregular lot dimensions (108X38X198X143X222) provide flexibility for redevelopment. Existing two-story structure includes two units (non-conforming/unverified), fully rented with below-market rents: 4-bedroom unit 2-bedroom unit Total income: $4,000/month Property allows for immediate income while planning future development. Potential uses include townhomes, apartments, or condominiums (buyer to verify zoning). Public water and sewer available. Close to downtown Des Plaines, Metra, O'Hare, and major highways. Call Listing Broker for additional details.
Property Highlights
Property Type: Residential - Single Family
Total Living Area SF: 3,000
Garage Size: 2
School District: District 62
General Information
Bedrooms: 6
Bathrooms: 2
Sqft: 3,000
County: Cook
Listed By:
Troy Realty Ltd
773-792-3000
MRED MLS
MLS ID: 12627380
Room Information
Kitchen- 2nd: 14X16
Bedroom 5: 11X11
Bedroom 6: 11X10
Bedroom 2: 16X11
Bedroom 3: 11X13
Bedroom 4: 12X12
Kitchen: 14X18
Primary Bedroom: 12X12
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1596 Oxford Lane , Des Plaines, IL 60016.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $850,000 | $850,000 | $850,000 |
| Down Payment | $170,000 | $29,750 | $212,500 |
| Monthly Mortgage Amount | $4,022 | $5,071 | $5,167 |
| Taxes | $1183 | $1183 | $1183 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $374 | $0 |
| Monthly Estimated Total | $5,453 | $6,876 | $6,598 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/23/2026. The listing information on this page last changed on 04/23/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/23/2026 12:56:14 AM EST) or MRED MLS (last updated Thu 04/23/2026 12:53:57 AM EST) or SCWMLS (last updated Wed 04/22/2026 11:54:37 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 04/22/2026 10:15:37 PM EST) or Cedar Rapids MLS (last updated Wed 04/22/2026 10:44:20 PM EST) or NEIRBR MLS (last updated Thu 04/23/2026 12:48:43 AM EST) or ICAAR MLS (last updated Wed 04/22/2026 11:37:30 PM EST) or ECIMLS (last updated Wed 04/22/2026 11:44:12 PM EST) or RMLSA (last updated Thu 04/23/2026 12:50:57 AM EST) or Muscatine MLS (last updated Thu 04/23/2026 12:45:23 AM EST) or No Coast MLS (last updated Thu 04/23/2026 12:44:23 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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