Essex Realty Group, LLC, has been exclusively engaged to market for sale 8813 Dee Road, a 6-unit apartment building located in the near north suburb of Des Plaines. The property consists of three (3) 1Bd/1Ba units and three (3) 2Bd/1Ba units, along with twelve (12) surface parking spaces.

The building has been well maintained by current ownership, and recently received a new tear-off roof (2024) and new hot water heater (2021). Additionally, select unit interiors have received upgraded hardwood floors, granite countertops, stainless-steel appliances, and bathrooms.

Situated on a large 11,000 SF lot, new ownership will have the opportunity to make further improvements to the green space or increase cash flow through additional parking income.

Current rents at the property are significantly below market, providing investors an opportunity to increase rental income by 20-37% ($280-$360/unit/mo.) in ‘as-is’ condition. For example, the 1-bedroom units are currently rented for an average of $987/mo. whereas market rent for similar units in the area is $1,350/mo.

Located near major transportation routes, retail centers, and suburban amenities, 8813 Dee Road offers tenants convenience and accessibility. Advocate Lutheran General Hospital and Maine East High School are located within a short walking distance, and Golf Mill Shopping Center is within a 5 minute drive.

The City of Des Plaines is a near north Chicago suburb located in Cook County. Situated just 17 miles northwest of downtown Chicago, Des Plaines enjoys excellent connectivity to major transportation hubs, making it an ideal location for residents and visitors alike. The city benefits from a well-developed public transportation system. The Metra Union Pacific Northwest Line serves Des Plaines with two stations: Des Plaines Station and Cumberland Station. These stations provide residents with convenient access to downtown Chicago and northwest suburbs. Additionally, O’Hare International Airport is just six miles away.

The city boasts a variety of well-maintained parks including the scenic Des Plaines River. Des Plaines is also home to award-winning schools, a bustling downtown with the recently renovated Des Plaines Theatre, a top-notch gaming experience at Rivers Casino, more than 100 restaurants, a thriving local economy and job market, and safe, welcoming neighborhoods.

• Highly Desirable Near North Suburb of Des Plaines
• Fully Occupied with Significant As-Is Rental Upside: $100-$470/Month/Unit
• Recent Capital Improvements: New Tear-Off Roof (2024), Hot Water Heater (2021)
• Within Minutes of an Array of Retail and Transportation