CLOSED – MULTI-FAMILY
8805 Dee Road Des Plaines, IL 60016
PRICE
Call for details
NUMBER OF UNITS
6
PROPERTY LISTED

Essex Realty Group, Inc. secured a buyer for this 6 unit multi-family property after a highly competitive marketing process resulting in multiple offers.

LOCATION DETAILS

Essex was exclusively engaged to market for sale 8805 Dee Road, an 6 unit apartment building located in the Chicago suburb of Des Plaines. The property features a (3) 2Bd/1Ba and (3) 1Bd/1Ba units.

8805 Dee Road gives an investor a rare opportunity to acquire a value-add multifamily property in the highly-desirable suburb of Des Plaines. Current rents can be raised an estimated 15%-20% as-is. Furthermore, by updating the units with modern finishes, a long-term investor could significantly increase their return on investment.

The property is ideally situated less than one mile east of I-294 providing easy access to neighboring suburbs and O’Hare International Airport, making it a highly desirable commuter-friendly location. The City of Des Plaines itself is located 20 miles northwest of Chicago's downtown loop. Neighboring suburbs include Park Ridge, Glenview, Mount Prospect, and Elk Grove Village. Additionally, O'Hare International Airport, the second most-frequented airport in the United States, is situated immediately to the south of Des Plaines.

HIGHLIGHTS
  • Prime value-add investment opportunity in the highly desirable commuter-friendly suburb of Des Plaines
  • One mile from I-294 providing easy access to O'Hare International Airport and neighboring suburbs
  • Unit Mix: (3) 2Bd/1Ba and (3) 1 Bd/1Ba units
  • Significant upside through rent increases and/or the modernization of units
LISTING BROKERS
Brian Kochendorfer
Managing Broker
773.305.4870
Brian Karmowski
Director
773.305.4892