8713 W Ballard Road Des Plaines, IL ^$ 1,200,000

8713 W Ballard Road

^$ 1,200,000

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8713 W Ballard Road

Des Plaines, IL, 60016

^$ 1,200,000

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 7,389

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Multi-Family Home for sale in Des Plaines, IL

for $1,200,000 with 3 bedrooms. This home was built in 1989 on a lot size of 0.41.

Well-maintained 6-unit, fully occupied multifamily building in Des Plaines offering strong, consistent cash flow. The property generates approximately $120,000+ in annual income with an estimated NOI of $84,000/year. All units are tenant-occupied with long-term tenancy ranging from 10-25+ years, providing stability and minimal turnover. Tenants pay all utilities, helping to keep operating expenses low. Additional income is generated through coin-operated laundry. The property includes parking for all units and has seen major system updates, including a new roof that will be installed by mid May, contributing to overall maintenance and longevity. This is an excellent opportunity for investors seeking a stable, income-producing asset in a desirable suburban Chicago location. Property is being sold AS-IS.

Multi-Family Active

Price

^$ 1,200,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 23,036

Style

Lot Size

0.41

Year Built

1989

Town/City

Des Plaines

County/Region

Cook

MLS | Web ID

12634779

Features

General

Cooling Central Air

Possession Closing

Roof Composition

Zoning COMMR

Association Fee Includes Insurance Exterior Maintenance Lawn Care Snow Removal

Construction Materials Brick

Year Built 1989

Electric Circuit Breakers

Tenant Pays Electricity Heat Water

Stories Count 3

Township Maine

Tax Year 2023

Gross Income 120000

County Cook

Net Operating Income 86030

Operating Expense 33970

Insurance Expense 0

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 0

Status Active

Directions E Dempster Street West of N Milwaukee Avenue to N Greenwood Avenue North to Ballard Road West

City Des Plaines

Number Of Units Total 6

MLS Area Des Plaines

Tax Annual Amount 23036

Electric Expense 1114

Fuel Expense 1003

Trash Expense 1541

Water Sewer Expense 1484

Additional Parcels Y/N N

Standard Status Active

Interior

Basement None

Total Fireplaces 0

Exterior

Water Source Municipal Water

Foundation Details Concrete Perimeter

Lot Dimensions 357 x 181

Lot Size Acres 0.41

* Excluded Features

List By

Homesmart Connect

Broker

mcos99@yahoo.com;marina@exactrealtychicago.com

Affordability Calculator

$9,308

Per Month

Monthly Principal & Interest: $7,389
Monthly Property Taxes: $1,920
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Des Plaines, IL

Average List Price ^$545,213

Percent of Sale Price 55%

About Des Plaines, IL

58,932 Population

2% Since 2002

^$65,417 Median Income

42.72 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/1/2026	$1,200,000		Listed Price

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8713 W Ballard Road, Des Plaines, IL, 60016 is a Multi-Family Home for sale at $1,200,000 with a lot size of 0.41. 8713 W Ballard Road has 3 bedrooms, 0.0 baths, and was built in 1989. The property's zip code is 60016 which is in Des Plaines, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Data is updated as of 5/13/2026.

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8713 W Ballard Road

Multi-Family Home for sale in Des Plaines, IL

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