Well-maintained 6-unit, fully occupied multifamily building in Des Plaines offering strong, consistent cash flow. The property generates approximately $120,000+ in annual income with an estimated NOI of $84,000/year. All units are tenant-occupied with long-term tenancy ranging from 10-25+ years, providing stability and minimal turnover. Tenants pay all utilities, helping to keep operating expenses low. Additional income is generated through coin-operated laundry. The property includes parking for all units and has seen major system updates, including a new roof that will be installed by mid May, contributing to overall maintenance and longevity. This is an excellent opportunity for investors seeking a stable, income-producing asset in a desirable suburban Chicago location. Property is being sold AS-IS.
The R-8 General Residence District is intended to provide for high density residential developments. This district is intended to create a predominantly residential environment consisting of all types of residential structures, as well as schools, parks, churches and public facilities which serve the residents of the district. General commercial or industrial uses, except those enumerated, are prohibited. This district normally abuts major thoroughfares and expressways that provide direct access to the site and is typically located in or near high intensity areas of the County. Public or community utilities are required to service uses in this district.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Single unit
Housing-Multiple units
Educational/school
Golf related
Sports arena / stadium
Park & open space
Property details
Parking
Parking Information
Outdoor Parking: 6-12 Spaces
Interior
Equipment
# Of Dishwashers: 6
# Of Ranges: 6
# Of Washers: 1
# Of Dryers: 1
Exterior
Building Information
# of Units: 6
Built Before 1978 (Y/N): No
Roof: Composition
Roof Structure: Pitched
Foundation Details: Concrete Perimeter
Construction Materials: Brick
Property Information
Property Type: Multi Family 5+
Conversion (Y/N): N
Ownership Type: Individual
Tenancy Type: Leases
Parcel Number: 09143080191007
Lot Information
Dimensions: 357 x 181
Lot Size Source: County Records
Zoning: COMMR
Financial
Tax Information
Tax Annual Amount: $23,036
Tax Year: 2023
Financial Information
Finance Code: Cash
Gross Rent Multiplier: 10
Total Monthly Income: $10,000
Gross Income: $120,000
Utilities
Utility Information
Water Source: Municipal Water
Electric: Circuit Breakers
Heating & Cooling
Heat/Ventilation: Gas
Cooling: Central Air
Location
Unit Type 1 Information
# of Rooms: 3
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $1,450
Monthly Income Max: $1,450
Unit Type 2 Information
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 5
Monthly Income: $1,670
Monthly Income Max: $1,835
Unit Type 3 Information
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Unit Type 4 Information
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Unit Type 5 Information
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Unit Type 6 Information
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Homeowners Association Information
Owners Assoc (Y/N): Yes
Association Fee Includes: Insurance, Exterior Maintenance, Lawn Care, Snow Removal
Location Information
Township: Maine
Directions: E Dempster Street West of N Milwaukee Avenue to N Greenwood Avenue North to Ballard Road West
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: —
Year Renovated: —
County: Cook County
APN: 09143080191007
Home facts updated by county records on Sep 15, 2026
Other
Expense Information
Water Sewer Expense: $1,484
Electric Expense: $1,114
Trash Expense: $1,541
Listing Information
Possession: Closing
Some Photos Virtually Staged?: No
Teams Information
Buyer Team Name: Dean Tubekis Team
Around this home
Schools
Mark Twain Elementary School
Public K-5 • Assigned • 0.7mi
6/10
Gemini Middle School
Public 6-8 • Assigned • 0.2mi
7/10
Maine East High School
Public 9-12 • Assigned • 0.8mi
10/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
6 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Des Plaines, IL • 60016
Average low and high temperatures (°F)
30
15
38
22
55
33
62
42
70
48
83
62
87
68
83
64
80
59
68
48
51
37
37
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
78/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.