8807 Dee Road, Des Plaines, Illinois 60016

$899,900

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List Price
$899,900
MLS#
12554446
Status
PENDING
Type
Commercial
Subtype
Commercial Sale
County
Cook
City
Des Plaines
Neighborhood
Des Plaines
Days On Market
80

Property Description

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.

Additional Information

Tax Year
2023
Year Built
1969
Lot Dimensions
81X 87
Air Conditioning
Wall Sleeve
Basement
Yes

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Calculator source: Real Geeks

Listings courtesy of Midwest Real Estate Data as distributed by MLS Grid



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