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.
Property Details
Price:
$215,000
MLS #:
MRD12596621
Status:
Active Under Contract
Beds:
2
Baths:
1
Type:
Condo
Subdivision:
Bay Colony
Neighborhood:
desplaines
Listed Date:
Mar 24, 2026
Finished Sq Ft:
1,000
Year Built:
1974
Schools
School District:
207
Elementary School:
North Elementary School
Middle School:
Chippewa Middle School
High School:
Maine East High School
Interior
Appliances
Range, Microwave, Portable Dishwasher, Refrigerator, Disposal, Stainless Steel Appliance(s), Oven, Electric Cooktop, Electric Oven
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Hardwood
Heating
Electric, Forced Air
Interior Features
Storage, Open Floorplan, Pantry
Laundry Features
Common Area
Exterior
Association Amenities
Storage, On Site Manager/Engineer, Park, Party Room, Pool, Sauna, Security Door Lock(s), Steam Room, Tennis Court(s)
Community Features
Park
Construction Materials
Brick
Exterior Features
Balcony
Lot Features
Common Grounds, Landscaped, Water Rights
Other Structures
Shed(s), Tennis Court(s)
Parking Features
Asphalt, Assigned, Unassigned, Off Alley, Off Street, Permit Required, Guest, Yes, Owned
Parking Spots
1
Parking Total
1
Roof
Asphalt
Waterfront Features
Pond
Window Features
Screens
Financial
HOA Fee
$364
HOA Fee Frequency
Monthly
HOA Includes
Water, Parking, Insurance, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Lake Rights
Tax Year
2024
Taxes
$4,015
Listing Agent & Office
Anna Skrzyniarz
Berkshire Hathaway HomeServices Starck Real Estate
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9420 Bay Colony Drive #2E
Des Plaines, IL


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