Buying In Des Plaines, IL
Sell Your Commercial Property In Des Plaines, IL
We are an active buyer of Des Plaines commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Park Ridge · Mount Prospect · Rosemont · Niles — Cook County, IL
Local Demand
Our View On Des Plaines
Des Plaines is a Cook County city of 59,156 residents, per Census ACS 2020-2024. Renters occupy 4,892 of Des Plaines' 22,537 occupied homes, a 21.7% share (ACS tenure). Des Plaines' median household income is $97,875, above the Illinois median of $83,390 (ACS income). Owners who sell commercial property in Des Plaines, IL face a City transfer tax, a yearly rental license and Cook County's 10% assessment level. We buy 5+ unit buildings across Des Plaines and nearby Park Ridge, Mount Prospect, Rosemont and Niles.
Rivers Casino Des Plaines
Rivers Casino Des Plaines announced 400 new team members for its 78,000-square-foot expansion, Churchill Downs said in 2021.Oakton College campus
Oakton College, founded in 1969, runs its Des Plaines Campus at 1600 E. Golf Road, per the college.Metra UP-NW stations
Metra's UP-NW line stops at Des Plaines and Cumberland stations; 4.0% of Des Plaines workers commute by transit.Our Buy Box
What We Buy In Des Plaines
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Des Plaines Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Des Plaines
Renters hold 21.7% of Des Plaines' 22,537 occupied homes, per ACS 2020-2024 tenure data. Des Plaines counts 6,666 homes in buildings of five or more units, 27.9% of its stock (ACS units in structure).
Des Plaines' median home was built in 1966, and 71.0% of homes predate 1980 (ACS year built).
Des Plaines rents against HUD fair market rents
Des Plaines' median gross rent is $1,606 a month in ACS 2020-2024, $171 above Cook County's $1,435. About 36.2% of Des Plaines renters spend 30% or more of income on housing (ACS rent burden). HUD's FY2027 fair market rent for a Chicago-Joliet-Naperville two-bedroom is $2,011.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,678 |
| One bedroom | $1,780 |
| Two bedrooms | $2,011 |
| Three bedrooms | $2,586 |
| Four bedrooms | $2,954 |
Property taxes in Cook County: a $2M Des Plaines example
A $2,000,000 Des Plaines apartment building carries $606,000 of equalized assessed value. Cook County assesses class 3 multifamily property at a 10% level (Assessor class definitions), or $200,000. The 2025 Cook County equalizer of 3.0300 then applies (Illinois Department of Revenue).
Parts of Des Plaines sit in Maine Township, reassessed in 2025; its 2026 appeal window closed July 21, 2026 (Assessor calendar).
Des Plaines charges a seller's transfer tax of $2 per $1,000, or $4,000 on $2,000,000 (City of Des Plaines). Budget for it before you sell commercial real estate in Des Plaines, IL.
Landlord rules in Des Plaines and Illinois
Illinois sets no deposit cap, and buildings with five or more units must return deposits within 45 days (Illinois Attorney General). Tenants get five days to pay after a nonpayment notice. Illinois has no rent control law, per the same guide.
Des Plaines requires a yearly rental property license at $20 per apartment unit, expiring December 31. Unpaid City balances block transfer stamps when you sell commercial property in Des Plaines, IL.
What it means for a Des Plaines owner
Des Plaines pairs a 6.4% rental vacancy rate (ACS DP04) with a median rent $405 below HUD's two-bedroom benchmark. Test pricing in our cap rate calculator before you sell commercial property in Des Plaines, IL.
Skyline Capital Investments buys 5+ unit apartment buildings, so you can sell your apartment building in Des Plaines without listing it.
Seller Notes
Pricing Your Building In Des Plaines
More about selling in Illinois →Investing in Des Plaines? See apartment syndications in Des Plaines →
- Transfers in unincorporated Des Plaines are exempt from the City transfer tax, except 9601 Golf Road.
- Des Plaines rental licenses expire December 31, and license fees drop 50% after July 1.
- Before you sell commercial real estate in Des Plaines, IL, pay City fees and water balances in full.
Seller Guides
Selling In Des Plaines? Common Situations We Handle
Learn More
Taxes & Rules For Des Plaines Property
The Illinois rules that shape any deal in Des Plaines: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Des Plaines Seller FAQ
What does it cost to sell commercial property in Des Plaines, IL?
Des Plaines charges a seller's transfer tax of $2 per $1,000 of the selling price, or $4,000 on a $2,000,000 sale. The City requires all fees, fines and water balances paid before it issues a transfer stamp.
What should I know before I sell commercial real estate in Des Plaines, IL?
Des Plaines requires a yearly rental property license at $20 per apartment unit, and licenses expire December 31. Applicants must complete Phase 1 Crime Free Multi-Housing training first. Illinois buildings with five or more units must return deposits within 45 days of move-out.
How are Des Plaines apartment buildings taxed?
Cook County assesses class 3 multifamily property at 10%, and the 2025 equalizer is 3.0300. A $2,000,000 Des Plaines building carries $200,000 assessed and $606,000 equalized value. Maine Township, which covers parts of Des Plaines, was reassessed in 2025, worth noting when selling commercial property in Des Plaines.
Does Des Plaines have rent control?
No. The Illinois Attorney General states that Illinois does not have a rent control law. Tenants get five days to pay rent after a nonpayment notice, and month-to-month tenants are entitled to 30 days' written notice.
What rents do Des Plaines tenants pay?
Des Plaines' median gross rent is $1,606 a month in ACS 2020-2024, against a $2,011 HUD FY2027 two-bedroom fair market rent. Some 17.8% of Des Plaines renters pay half or more of income on rent, a figure to weigh before you sell multifamily property in Des Plaines.
What if my Des Plaines building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
How does a sale to you work in Cook County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Who buys occupied rental property in Des Plaines?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
How fast can I sell my apartment building in Des Plaines?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Tell Us About Your Property In Des Plaines
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
