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8807 Dee Road Des Plaines, IL 60016

$899,900
Contingent / MLS# 12554446 / Multi Unit - Multiple / Des Plaines
0 Beds
4928 SqFt

Welcome to 8807 Dee Rd. in Des Plaines; a rare opportunity to own a solid six-unit residential building in a highly desirable location! This well-maintained property offers a fantastic blend of stability and potential, making it ideal for both seasoned investors and those looking to start or expand their real estate portfolio. 5 of 6 units currently rented, providing immediate income, yet the property still offers clear value-add potential with some below-market rents and flexible month-to-month tenancies. The next owner will enjoy the freedom to update units, raise rents to market, and quickly enhance long-term returns. Nestled on a quiet residential subdivision just minutes from shopping, dining, Metra, and major expressways, this building delivers both convenience and investment security. With solid construction, spacious layouts, and great tenants already in place, 8807 Dee Rd. is a rare find in today's low-inventory market. Whether you're seeking stable cash flow or looking for your next project with upside, this is the one you've been waiting for. Current rents below market. Building operating at Fully stabilized Potential Rent = $9,825/month ($117,900 annually). Buyer to verify.

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Baird & Warner Jeffrey Schwartz Email

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Estimated Payment

$ 3,618.00 per month $1,999.78 Principal & Interest $1,355.75 Property Tax $262.47 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Cooling: Wall Sleeve
Lot Size: 0.18 Acres
Roof Type: Composition
Stories: 3.0
Taxes: $16,269
Year Built: 1969

Feature Descriptions

Current Use: Multi-Family
Electric: Circuit Breakers
Exterior: Concrete, Brick
HVAC: Central Bldg Heat, Gas
Location: Shopping Mall, Free Standing/Urban
Lot Dimensions: 81X 87
Miscellaneous Indoor: Laundry Room
Parcel#: 09153070850000
Parking: 6-12 Spaces
Potential Use: Condominium
Tenant Pays: Electricity
Units: 6

Location

See details and scored characteristics about this location.

Listing Office: RE/MAX City

Listing Office Phone: 773-775-0600



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