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$217,000
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Property Description
This updated 2-bedroom, 1-bath condo (1,000 sq. ft.) is a rentable, investor-friendly opportunity in a high-demand rental location-ideal for generating immediate income or adding a low-maintenance asset to your portfolio. The open-concept layout, natural light, and private balcony overlooking the courtyard create strong tenant appeal, while recent updates including hardwood flooring, fresh paint, stainless steel appliances, and newer mechanicals (AC & furnace 2023) help minimize upfront costs and ongoing maintenance. Located in a well-managed, amenity-rich community, residents enjoy access to a clubhouse, outdoor pool, and lake rights-features that support strong rental demand and tenant retention. The HOA covers water, exterior maintenance, snow removal, scavenger service, and common insurance, making ownership simple and predictable. Additional highlights include assigned parking, storage, and modern finishes, all of which increase rental desirability. Situated near downtown Des Plaines, Metra, O'Hare International Airport, major highways (I-294 & I-90), shopping, dining, and medical centers, this property is perfectly positioned for commuters and long-term tenants. Fully rentable and move-in ready, this is a turnkey investment with strong upside potential and minimal hassle-ideal for both new and experienced investors.
Full Property Details
Full Property Details for 9420 Bay Colony Dr #2E
General
- Sold For: $217,000
- HOA FEE: $364/month
- Taxes: $4,015 (2024)
- Status: Closed
- Type: Condo
- Source: MRED
- MLS ID: 12596621
Interior
- Interior Features: Storage, Open Floorplan, Pantry
- Appliances: Range, Microwave, Portable Dishwasher, Refrigerator, Disposal, Stainless Steel Appliance(s), Oven, Electric Cooktop, Electric Oven
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Bathroom Features: Whirlpool
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Storage, On-Site Manager/Engineer, Park, Party Room, Pool, Sauna, Security Door Lock(s), Steam Room, Tennis Court(s)
- Equipment: Cable TV, Intercom
- Other Features: School Bus Service, Interstate Access
Exterior
- Exterior Features: Balcony
Parking
- Total Spaces: 1
- Parking Features: Asphalt, Assigned, Unassigned, Off-Alley, Off-Street, Permit Required, Guest, Yes, Owned
Location
- Area: Des Plaines
- County: Cook
- Subdivision: Bay Colony
- Driving Directions: FROM GOLF & POTTER, SOUTH ON POTTER TO EMERSON, WEST TO BAY COLONY THEN NORTH & AROUND TO COURT #1
School Information
- School District: 62
- Midd School District: 62
- Elementary School: North Elementary School
- Middle School: Chippewa Middle School
- High School: Maine East High School
- Private School: Maine East High School
Community
- Assoc. Fees Include: Water, Parking, Insurance, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Lake Rights
- Pets Allowed: Yes
- Pet Restrictions: Cats OK, Dogs OK, Number Limit, Size Limit, / 20lbs.
- Mgmt. Company: HILLCREST
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Electric, Forced Air
Utilities
- Water: Lake Michigan, Public
- Onsite: Cable Available
Structural Information
- Structure Type: Condo
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Windows: Screens
- Sub-Flooring: Hardwood
- Entry Floor Number: 2
- Stories/Levels: 3
- Square Feet: 1,000
- Sq. Ft. Source: Estimated
- Year Built: 1974
- Built Before 1978: Yes
Unit Information
- Units in Building: 6
Manufactured Home
- Model: 2E
Additional Structures
- Other Structures: Shed(s), Tennis Court(s)
Lot Features
- Lot Dimensions: Condo
- Lot Features: Common Grounds, Landscaped, Water Rights
Water Features
- Water Front Desc.: Pond
Financial Considerations
- Association Fee: $364
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Assessment Year: 1974
- Tax Amount: $4,015
- Tax Year: 2024
Disclosures and Reports
- Ownership: Condo
- Property ID: 9162010331015
Listed by Berkshire Hathaway HomeServices Starck Real Estate
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 9420 Bay Colony Dr #2E
School Districts:Maine Township High School District 207, Des Plaines Community Consolidated School District 62
| Name | Grades | Distance |
|---|---|---|
North Elementary School, Des Plaines, IL 1789 Rand Road, Des Plaines, IL 60016 | K-5 | 0.8 mi |
Iroquois Community School 1836 East Touhy Avenue, Des Plaines, IL 60018 | K-8 | 2.8 mi |
Chippewa Middle School, Des Plaines, IL 123 North 8th Avenue, Des Plaines, IL 60016 | 6-8 | 2.1 mi |
Maine East High School 2601 Dempster St, Park Ridge, IL 60068 | 9-12 | 1 mi |
Maine West High School 1755 South Wolf Road, Des Plaines, IL 60018 | 9-12 | 2.8 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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9420 Bay Colony Drive #2E, Des Plaines, IL 60016 (MLS# 12596621) is a Condo property that was sold at $217,000 on April 27, 2026. Want to learn more about 9420 Bay Colony Drive #2E? Do you have questions about finding other Condo 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.