8813 Dee Rd , Des Plaines, IL 60016
$850,000
8813 Dee Rd Des Plaines, IL 60016
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About this listing
Prime location well maintained free standing 6 flats brick building with no association fees! High demand area with many long-term tenants, ensuring stability. Property features three 2 bed 1 bath units and three 1 bed 1 bath units. Some units are updated with granite counter top, SS appliances, hardwood/tiles flooring, updated vanities , updated bathrooms, and more! Each unit is separately metered for electric service. Coin-op laundry in building. Current rents are well below the market rate which can significantly produce over 6.79% cap ratio. Improved lighting and hot/cold water pipes in garden unit for peace of mind. Washer is owned by the landlord but Dryer is leased. Plenty of parking space for up to 12 cars and a huge over 11,000 sf lot next to the property which can be converted for additional parking lot or property expansion but please discuss with the village about your creativity to generate higher income. Ideal and convenient location close to Golf Mill shopping center, Lutheran General Hospital, restaurants, I-294 Expwy and MORE. Rent Roll attached in Add Info. Don't miss out on this prime opportunity.
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Cap Rate
5.07%
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NOI
$45,056
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Building Size
4,928 sqft
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Lot Area
11,357 sqft
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Units
6
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Year Built
1968
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Zoning
R-4
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MLS ID
11980867
DESCRIPTION
- • Lot Dimension: 80 X 137
- • Annual Tax: $ 8392.95
- • Available Floors: 3
- • Average Occupancy Rate: 100.0
- • Gross Income: $ 81360.0
- • Appliances: Refrigerator
- • Age: 41-50 Years Old
- • Lot Size: 1/2 - 1 Acre
- • Cooling: A/C
- • Sewer: City
- • Water: City Water
