Best Neighborhoods To Invest In Des Plaines, IL

Market Insights

The Des Plaines housing market is showing dynamic trends, offering varied opportunities for investors. Homes in Des Plaines are somewhat competitive, with properties receiving an average of three offers and typically selling in about 49 days.

The median sale price for a home in Des Plaines was recently reported at $320,000, a decrease of 8.6% from last year. Interestingly, the median sale price per square foot has increased by 6.9%, reaching $240.

In terms of neighborhoods, home buyers find the northwest parts of the city more desirable due to higher home values. In contrast, more affordable housing options are located in the southwest regions. Currently, the average home value stands at $315,265, which is a 9.8% increase over the past year.

For real estate investors, understanding these patterns is essential. Tracking real estate appreciation and market trends using detailed tools can highlight the best neighborhoods for potential gains. Areas like Ransom Ridge and Emerson Place, with median values of $459,204 and $446,436 respectively, present significant investment opportunities.

Investors and home buyers alike can benefit from the Des Plaines real estate listings by keeping a close eye on market shifts and focusing on regions that align with their budget and investment goals. For more detailed discussions about real estate trends, Zillow’s Des Plaines Housing Market page provides valuable insights.

Investment Opportunities

Des Plaines, IL offers promising investment opportunities, thanks to its strategic location near Chicago and major transport routes. Investors often look at areas like Cumberland and the downtown region for their potential growth. Properties here are known for their proximity to urban conveniences and pleasant suburban settings.

The housing market in Des Plaines is diverse, with options ranging from single-family homes to apartment buildings. These varying property types cater to different investment strategies. Recent data shows the median property price is approximately $330,968, making it a competitive spot for real estate investment.

Real estate listings in Des Plaines highlight properties with unique features like river views and easy access to local amenities. Investors interested in home values will find that homes close to the Des Plaines River often have higher scenic value, attracting buyers who appreciate natural settings.

For those considering Des Plaines real estate, understanding zoning laws and demand trends is crucial. The area’s proximity to airports and highways enhances its attractiveness for both residents and businesses, impacting property values positively.

Investors must stay updated on market trends and explore neighborhoods with significant developmental activities. The mix of residential and commercial spaces offers balanced investment opportunities. As such, studying recent listings and comparing property prices in bustling areas can help in making informed decisions.

Residential Areas

Des Plaines, IL offers a variety of residential options catering to families and young professionals. The area includes neighborhoods with excellent amenities and access to schools and transportation. This combination makes it a great place for suburban living while still being close to downtown.

Family-Friendly Neighborhoods

In Des Plaines, the Cumberland area stands out as particularly family-friendly. This neighborhood is known for its excellent schools and access to parks, making it perfect for families with children. Homes here are typically spacious, catering to the needs of growing families. Cumberland’s proximity to parks and recreational activities provides ample opportunities for family outings and weekend fun.

Another appealing area is Devonshire Woods, famous for its serene atmosphere and variety of home styles. Families appreciate the nearby schools and shopping centers, which add convenience to daily life. This neighborhood’s peaceful streets and well-maintained landscaping offer a safe and enjoyable environment for raising children.

Up-And-Coming Areas for Young Professionals

Young professionals are drawn to neighborhoods close to Downtown Des Plaines, where a vibrant mix of dining and shopping options can be found. Living near the Metra station offers easy access to Chicago, making it convenient for those commuting to the city.

The Metropolitan Square area is another appealing option. This spot combines modern apartment living with proximity to amenities and entertainment options. Residents can enjoy a mix of local restaurants and nightlife, making it ideal for those seeking an active urban lifestyle while still benefiting from suburban life.

Overall, Des Plaines offers diverse neighborhoods that cater to different lifestyles and preferences, making it an attractive place for both families and young professionals.

Commercial Hubs

Des Plaines, IL, is a dynamic location for those seeking investment opportunities. The city features several commercial hubs, with attractive options for buying or leasing property. Key areas include vibrant shopping centers and significant community establishments.

Downtown Des Plaines

Downtown Des Plaines serves as the heart of local commerce. It’s a bustling area filled with a mix of shops, restaurants, and other businesses. The variety of dining options draws both locals and visitors, contributing to a vibrant atmosphere.

Shopping centers here are not limited to just shopping, but include services and entertainment options. This makes downtown a versatile spot for potential investors.

The area is also close to the Des Plaines Park District, which adds recreational options to the commercial environment. This combination ensures a steady flow of foot traffic, making it a prime location for businesses aiming to thrive.

Transportation and Accessibility

Des Plaines, IL, offers a strong transportation infrastructure, making it appealing for investors. The city is well-connected through various modes of transport.

Metra Service:
The Metra commuter rail service provides a convenient option for residents commuting to Chicago. The Union Pacific Northwest Line runs through Des Plaines, providing easy access to Downtown Des Plaines and beyond.

Highway Access:
Des Plaines is strategically located near major highways, including I-90 and I-294. These highways facilitate smooth travel to Chicago and neighboring suburbs, enhancing the city’s accessibility.

Downtown Des Plaines:
Public transportation in Downtown Des Plaines is efficient. The area is serviced by the Metra station, making it a convenient hub for both residents and visitors.

Bus Services:
Local bus services in Des Plaines complement the rail network, offering routes that cover various parts of the city. This ensures that public transport is accessible to most residential and commercial areas.

O’Hare International Airport Proximity:
Des Plaines is just a short drive from O’Hare International Airport, making air travel convenient for residents and businesses. This proximity is a significant advantage for those who travel frequently or conduct business internationally.

These transportation options contribute to the city’s accessibility, making it a practical choice for investors looking to capitalize on its connectivity and convenience.

Leisure and Recreation

Des Plaines offers ample opportunities for leisure and recreation. With its parks, trails, and activities, residents can enjoy a variety of outdoor experiences.

Des Plaines Park District plays a key role in providing attractions. The district manages numerous parks, offering facilities for sports, picnics, and relaxation. People can enjoy playgrounds, tennis courts, and walking paths.

For those interested in sports and fitness, there are community programs. These include swimming, basketball, and various fitness classes. The programs cater to all ages, encouraging a healthy lifestyle.

Restaurants in Des Plaines offer diverse dining options. From local eateries to popular chains, there is something for everyone. Whether craving Italian, Mexican, or Asian cuisine, residents will find plenty of choices.

Residents can also explore shopping centers and entertainment venues. With shops, theaters, and cafes, there is no shortage of things to do. These amenities make Des Plaines an attractive location for both living and investing.

Local Amenities

Des Plaines, IL, offers a range of amenities that cater to the needs of its residents. Shopping centers are conveniently located, providing access to a variety of stores and services. Popular shopping areas include Devonshire Woods, where residents can find everything from grocery stores to specialty shops. This makes daily errands easy and convenient.

The city is served by several excellent schools. These educational institutions are known for their quality of education and provide numerous learning opportunities for children. Families can feel confident about the education their kids receive, ensuring a solid academic foundation.

Restaurants in Des Plaines offer a range of dining options to suit different tastes. From local favorites to international cuisine, there is something for everyone. Residents can enjoy a diverse selection of eateries, whether they prefer casual dining or a more upscale experience.

The Des Plaines Park District plays a vital role in the community by maintaining beautiful parks and recreational facilities. Residents can explore various outdoor activities and enjoy the serene green spaces. This commitment to outdoor facilities helps promote a healthy and active lifestyle.

These local amenities in Des Plaines make it an appealing place to live and invest. With a combination of retail, educational, dining, and recreational offerings, the city provides residents with a well-rounded living experience.

Frequently Asked Questions

Investors looking into Des Plaines, IL have a variety of factors to consider, from family-friendly neighborhoods to areas with promising growth. Important considerations include property value trends and rental yields. Here’s a deeper look into some frequently asked questions about investing in Des Plaines.

What are the top-rated family-friendly neighborhoods in Des Plaines for investors?

Cumberland is a popular choice for families due to its spacious parks and close-knit community vibe. Additionally, Devonshire Woods offers a peaceful environment with convenient access to schools and shopping, making it an attractive spot for families.

Which areas in Des Plaines have shown consistent property value growth?

The northwest regions of Des Plaines are known for their desirable home values. These areas have demonstrated steady growth, appealing to investors seeking long-term appreciation.

What are the emerging neighborhoods in Des Plaines for real estate investment?

Investors should consider properties near major highways and the airport. Cumberland and neighborhoods near the Des Plaines River offer scenic views and are poised for future growth. The downtown area is also becoming a hotspot for investment opportunities.

How do the property taxes compare across different Des Plaines neighborhoods?

Property taxes in Des Plaines can vary significantly by neighborhood. Generally, areas with higher home values in the northwest may have correspondingly higher property taxes, while more affordable regions in the southwest tend to have lower taxes.

What are the factors driving real estate investment in Des Plaines?

Several factors are attracting investors to Des Plaines. Its proximity to O’Hare International Airport and major highways enhances its appeal. The scenic beauty of locations like the Des Plaines River, along with family-friendly amenities, further boosts its desirability for investors.

Which Des Plaines neighborhoods offer the best rental yield for investors?

Neighborhoods with a combination of affordable property prices and strong rental demand offer the best rental yields. Southwest areas are noted for being more affordable, providing potential for higher returns compared to the more expensive regions.