Six-Unit Apartment
For Sale
$899,900
8807 Dee Road, Des Plaines, IL 60016
Five apartments are occupied, with month-to-month tenancies in place.
Property Size4,928 SF
Price / SF$182.61
Days on Market272
Property Features for 8807 Dee Road
General Information
Standard status
Active
Size
4,928 SF
Property subtype
Commercial
Zoning
MULTI
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
6
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$16,269
Building Details
Building Size
4,928 SF
Year Built
1969
Buildings
1
Stories
3
Units
6
Listing Agency:
RE/MAX City
Listed By:
Jesus Vazquez · License #475142675
(773) 775-0600
Source:
Fishmangroup
Added: Jan 25
Changed: Oct 24
Last Checked: Oct 23 at 3:19PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 8807 Dee Road in Des Plaines, this 4,928-square-foot apartment building contains six units and dates to 1969. Five units are rented, and the existing tenancies are month-to-month. The property is zoned MULTI.
Shopping, dining, Metra service, and major expressways are described as minutes away. The building sits within a residential subdivision.
Shopping, dining, Metra service, and major expressways are described as minutes away. The building sits within a residential subdivision.
Key Highlights
- Six‑unit apartment building
- 4,928 square feet; built in 1969
- Five of six units currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,169
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,380
$1.1M
Cap Rate 7%
$816,700
$816.7K
Cap Rate 9%
$635,211
$635.2K
Market Conditions
NOI Build-Up for 4,928 SF
Gross rent
$111.8K $22.68/SF
− Vacancy
−$7.8K −$1.59/SF
EGI
$103.9K $21.09/SF
− OpEx
−$46.8K −$9.49/SF
NOI
$57.2K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,380
Cap Rate 7%
$816,700
Cap Rate 9%
$635,211
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,293
Businesses Nearby
Explore this area
Business Placement
Demographics for 60016, IL
61,888
Population
25,613
Households
2.4
Avg Household Size
42
Median Age
43%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
5,115
Density / Sq Mi
$84,044
Median Household Income
$50,180
Median Earnings
$1,406
Median Rent
$300,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Five apartments are occupied, with month-to-month tenancies in place.
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: Six‑unit apartment building; 4,928 square feet; built in 1969; Five of six units currently rented
