8807 Dee Rd Des Plaines, IL 60016
Estimated payment $6,090/month
Highlights
- Laundry Room
- Maine East High School Rated A
- Central Heating
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/12/2026 03/12/26 | For Sale | $899,900 | 0.0% | $183 / Sq Ft | |
| 02/04/2026 02/04/26 | Pending | -- | -- | -- | |
| 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)
MLS Number: 12554446
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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Ask me questions while you tour the home.