8807 Dee Road Des Plaines, IL $ 975,000
8807 Dee Road
$ 975,000
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8807 Dee Road

Des Plaines, IL, 60016
$ 975,000
Bedrooms9 Baths0.0 Sq 4,928

Monthly Estimate*

$ 6,083

8807 Dee Road, Des Plaines, IL 60016 - Image 1

Multi-Family Home for sale in Des Plaines, IL

for $975,000 with 9 bedrooms. This 4,928 square foot home was built in 1969 on a lot size of 0.179568.

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. All units are 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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Multi-Family Active

Price

$ 975,000

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 16,269

Style

Multi-Family

Lot Size

0.179568

Year Built

1969

Town/City

Des Plaines

County/Region

Cook

MLS | Web ID

12509082

Features
General
Cooling Wall Sleeve
Possession Closing
Roof Composition
Zoning MULTI
Construction Materials Concrete Brick
Year Built 1969
Electric Circuit Breakers
Tenant Pays Electricity
Stories Count 2
Township Maine
Tax Year 2023
Current Use Multi-Family
Gross Income 117900
County Cook
Net Operating Income 106380
Operating Expense 11520
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Possible Use Condominium
Status Active
Directions Milwaukee WEST 2 Golf Rd SOUTH 2 Dee Rd 2 the property
City Des Plaines
Number Of Units Total 6
MLS Area Des Plaines
Lot Size Square Feet 7822
Tax Annual Amount 16269.32
Electric Expense 300
Fuel Expense 3180
Trash Expense 2640
Water Sewer Expense 5400
Additional Parcels Y/N N
Standard Status Active
Cap Rate 10.9
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Interior
Basement Finished
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Exterior
Building Area Total 4928
Lot Dimensions 81X 87
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* Excluded Features
List By
Re/Max City

Broker

jvaz287097@outlook.com;Bouvardiaproperties@gmail.com

Email

Affordability Calculator

$7,438
Per Month
82%
18%
0%
Monthly Principal & Interest
$6,083
Monthly Property Taxes
$1,356
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/1/2025$975,000 Listed Price

Map


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8807 Dee Road, Des Plaines, IL, 60016 is a Multi-Family Home for sale at $975,000 with 4,928 sqft and a lot size of 0.179568. 8807 Dee Road has 9 bedrooms, 0.0 baths, and was built in 1969. The property's zip code is 60016 which is in Des Plaines, IL