Real Estate Agent Elmo Dowd

Elmo Dowd REALTOR®

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8807 Dee Road, Des Plaines, IL 60016

$899,900
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  • 8807 Dee Road, Des Plaines, IL 60016 Main Photo

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Contingent
BEDS0 BATHS SQUARE FEET4,928 MLS#12554446
STATUSContingent PROPERTY TYPEMulti Unit - Multiple
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Property Description

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.

8807 Dee Road | MLS# 12554446

This multi-family property located at 8807 Dee Road, Des Plaines, IL 60016 is currently listed for sale with an asking price of $899,900. Search Des Plaines real estate on elmo.bhhscrosby.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Wall Sleeve
Lot Size: 0.18 Acres
Roof Type: Composition
Stories: 3.0
Taxes: $16,269
Year Built: 1969

Feature Descriptions

Current Use: Multi-Family
Electric: Circuit Breakers
Exterior: Concrete, Brick
HVAC: Central Bldg Heat, Gas
Location: Shopping Mall, Free Standing/Urban
Lot Dimensions: 81X 87
Miscellaneous Indoor: Laundry Room
Parcel#: 09153070850000
Parking: 6-12 Spaces
Potential Use: Condominium
Tenant Pays: Electricity
Units: 6

Listed By / Shown By

Listed By

Agency Name: RE/MAX City
Agency Phone: 773-775-0600

Shown By

Agent Name: Elmo Dowd
Agent Phone: (815) 520-3939
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate

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Estimated Payment

$ 3,621.01 per month $2,002.79 Principal & Interest $1,355.75 Property Tax $262.47 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 04/07/2026. The listing information on this page last changed on 04/07/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 04/07/2026 12:18:31 AM EST) or MRED MLS (last updated Tue 04/07/2026 12:11:54 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 04/06/2026 10:16:16 PM EST) or Northern Illinois Commercial Association Realtors (last updated Mon 04/06/2026 2:10:12 PM EST). Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Crosby Starck Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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