Des Plaines, IL 60016 8713 W Ballard Road
$1,200,000



31 more































Presented By: HomeSmart Connect
Home Details
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.
Presented By: HomeSmart Connect
Interior Features for 8713 W Ballard Road
Other Interior Features
BasementNone
Total Fireplaces
General for 8713 W Ballard Road
Additional Parcels Y/NNo
Association Fee IncludesInsurance, Exterior Maintenance, Lawn Care, Snow Removal
CityDes Plaines
Construction MaterialsBrick
ContingencyAttorney/Inspection
CoolingCentral Air
CountyCook
DirectionsE Dempster Street West of N Milwaukee Avenue to N Greenwood Avenue North to Ballard Road West
ElectricCircuit Breakers
Electric Expense1114
Fuel Expense1003
Gross Income120000
Insurance Expense
MLS AreaDes Plaines
MaintenanceExpense
Net Operating Income86030
Number Of Units Total6
Operating Expense33970
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofComposition
Standard StatusActive Under Contract
StatusContingent
Stories Count3
Tax Annual Amount23036
Tax Year2023
Tenant PaysElectricity, Heat, Water
TownshipMaine
Trash Expense1541
Water Sewer Expense1484
Year Built1989
ZoningCOMMR
Exterior for 8713 W Ballard Road
Foundation DetailsConcrete Perimeter
Lot Dimensions357 x 181
Lot Size Acres0.41
Water SourceMunicipal Water
Additional Details
Price History
