$899,900

8807 Dee Rd Des Plaines, IL 60016

Estimated payment $6,034/month

Total Views 1,105
-- Bed
-- Bath
4,928 Sq Ft
$183 Price per Sq Ft

Highlights

  • Popular Property
  • Laundry Room
  • Central Heating
  • Maine East High School Rated A

About This Home

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.

Listing Agent

Jesus Vazquez

RE/MAX City License #475142675 Listed on: 01/25/2026

RE/MAX City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,269

Year Built

  • Built in 1969

Lot Details

  • 7,822 Sq Ft Lot
  • Lot Dimensions are 81x 87

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,928 Sq Ft Home
  • 3-Story Property
  • Laundry Room
  • Finished Basement

Location

  • Urban Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Heating System Uses Gas

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $300
  • Fuel Expense $3,180
  • Insurance Expense $3,776
  • Trash Expense $2,640
  • Water Sewer Expense $5,400
  • Operating Expense $11,520
  • Gross Income $117,900
  • Net Operating Income $106,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,269

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1969
  • Built Before 1978 (Y/N): Yes
  • Information: Short Notice OK,Show-Lock Box
  • Estimated Age: Older
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished
  • Possible Use: Condominium
  • Misc Inside: Laundry Room
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Concrete, Brick
  • Roof: Composition

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Bldg Heat,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): Yes
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2640
  • Water Sewer Expenses: 5400

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 81X 87
  • Lot Size Sq Ft: 7822
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 4928

Multi Family

  • Net Operating Income: 106380
  • Fuel Expense: 3180
  • Insurance Expense: 3776
  • ElectricExpense: 300
  • GrossIncome: 117900
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 11520
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 16269.32
  • Tax Year: 2023

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,269 $77,000 $6,258 $70,742
2024 $16,269 $60,031 $5,084 $54,947
2023 $15,473 $60,031 $5,084 $54,947
2022 $15,473 $60,031 $5,084 $54,947
2021 $14,119 $44,962 $7,822 $37,140
2020 $13,790 $44,962 $7,822 $37,140
2019 $13,944 $51,681 $7,822 $43,859
2018 $11,727 $38,136 $6,844 $31,292
2017 $11,565 $38,136 $6,844 $31,292
2016 $12,746 $45,036 $6,844 $38,192
2015 $11,817 $38,227 $5,866 $32,361
2014 $11,404 $38,227 $5,866 $32,361
2013 $11,217 $38,227 $5,866 $32,361
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/25/2026 01/25/26 For Sale $899,900 +32.3% $183 / Sq Ft
02/14/2022 02/14/22 Sold $680,000 +4.6% $138 / Sq Ft View Prior Sale
12/27/2021 12/27/21 Pending -- -- --
12/20/2021 12/20/21 For Sale $649,900 -- $132 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12554446

Midwest Real Estate Data (MRED)