Six-Unit Multifamily
8807 Dee Road Des Plaines, IL 60016
8807 Dee Road, Des Plaines, IL, 60016
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For Sale
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Six-unit residential building with five currently rented units, offering income and room for updating and rent alignment.
Property Size4,928 SF
Price / SF$182.61
Days on Market264
Property Features for 8807 Dee Road
General Information
- Standard status
- Active
- Size
- 4,928 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1969
Listing agency
RE/MAX City
(773) 297-0457
Listed by
Jesus Vazquez · License #475142675
Source
Crexi
Added: Nov 1, 2025 Updated: Jul 21 at 4:58PM Checked: Jul 21 at 4:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX City
Investment Insights
Based on property information with market context.
This six-unit multifamily property at 8807 Dee Road is well maintained and offers a mix of income and management flexibility. Five of the six units are currently rented, providing immediate collected revenue for an owner. The remaining unit is available to support continued leasing and operational updates. The property is described as having spacious layouts and solid construction.
The building is set in a quiet residential subdivision, with convenient access described as being minutes from shopping, dining, Metra, and major expressways. The seller notes current rents are below market and that the potential to align rents exists.
Buyer verification is recommended, including confirmation of income figures and any assumptions related to rent potential. The listed potential rent is stated as $9,825 per month ($117,900 annually), and the operating status is described as fully stabilized.
The building is set in a quiet residential subdivision, with convenient access described as being minutes from shopping, dining, Metra, and major expressways. The seller notes current rents are below market and that the potential to align rents exists.
Buyer verification is recommended, including confirmation of income figures and any assumptions related to rent potential. The listed potential rent is stated as $9,825 per month ($117,900 annually), and the operating status is described as fully stabilized.
Key Highlights
- 1969‑built six‑unit residential building at 8807 Dee Rd in Des Plaines
- 5 of 6 units currently rented, providing immediate income
- Current rents are below market
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.8k | $22.68 |
| − Vacancy | −$7.8k | −$1.59 |
| EGI | $103.9k | $21.09 |
| − OpEx | −$46.8k | −$9.49 |
| NOI | $57.2k | $11.60 |
4,928 SF · lease $22.68/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$816.7K
$714.6K – $952.8K
NOI $57,169 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,099 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Six-unit residential building with five currently rented units, offering income and room for updating and rent alignment.
Where is this apartment building located?
The property is located at 8807 Dee Road Des Plaines, IL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 1969‑built six‑unit residential building at 8807 Dee Rd in Des Plaines; 5 of 6 units currently rented, providing immediate income; Current rents are below market
