About This Home
This 9-bedroom, 6-bathroom residential multi family at 8807 Dee Road in Des Plaines, IL is listed for $899,900. Built in 1969, on a 0.18 acres lot.
Key Features
- Built in 1969
- 0.18 acre lot
- 3 stories
Property Details
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.
Monthly Cost Estimate
$4,813/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
8807 Dee Road
Des Plaines, IL 60016
Property Details
Construction
Questions & Answers
This 9-bedroom, 6-bathroom residential multi family at 8807 Dee Road is listed at $899,900. The estimated monthly payment is $4,812 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1969, 0.18 acre lot, 3 stories.
This property is listed by Jesus Vazquez and can be reached at (773) 775-0600.
