8713 W Ballard Road, Des Plaines, IL 60016 - Photo 1

1/1

$1,232,500

Sold
Closed
Commercial
Updated 8 days ago

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Property Description

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.

Full Property Details

Full Property Details for 8713 W Ballard Rd

General

Sold For: $1,232,500
Taxes: $23,036 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12634779

Interior

Interior Features: Laundry Room

Location

Area: Des Plaines
County: Cook
Driving Directions: E Dempster Street West of N Milwaukee Avenue to N Greenwood Avenue North to Ballard Road West

Community

Assoc. Fees Include: Insurance, Exterior Maintenance, Lawn Care, Snow Removal

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Gas

Utilities

Water: Municipal Water

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: None
Foundation: Concrete Perimeter
Roof: Composition
Stories/Levels: 3
Year Built: 1989

Unit Information

Units w/Refrigerators: 6
Units w/Range/Oven: 6
# Dryers: 1

Lot Features

Lot Size (Acres): 0.41
Lot Dimensions: 357 x 181
Zoning: COMMR

Financial Considerations

Operating Expenses: $33,970
Assessment Year: 1989
Tax Amount: $23,036
Tax Year: 2023
Tenant Pays: Electricity, Heat, Water

Disclosures and Reports

Property ID: 9143080191007

Listed by HomeSmart Connect
Sold by Coldwell Banker Realty

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Meet the selling agent

— 8713 W Ballard Rd —

Dean Tubekis Team

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Schools

Schools serving 8713 W Ballard Rd

School Districts:East Maine School District 63, Maine Township High School District 207

Name	Grades	Distance
Mark Twain Elementary School, Niles, IL 9401 North Hamlin Avenue, Niles, IL 60714	K-5	0.7 mi
Gemini Middle School 8955 North Greenwood Avenue, Niles, IL 60714	6-8	0.2 mi
Maine East High School 2601 Dempster St, Park Ridge, IL 60068	9-12	0.8 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

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8713 W Ballard Road, Des Plaines, IL 60016 (MLS# 12634779) is a Commercial property that was sold at $1,232,500 on July 01, 2026. Want to learn more about 8713 W Ballard Road? Do you have questions about finding other Commercial real estate for sale in Des Plaines? You can browse all Des Plaines real estate or contact a Coldwell Banker agent to request more information.

8713 W Ballard Rd Des Plaines, IL 60016