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$ 925,000
Est. payment | /mo
4,029 SqFt
$ 925,000
Est. payment | /mo
4,029 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 4,029 sqft
Price per Sqft $229
MLS Listing ID 12705081
Maintenance Fees $1,500
Year Built 1965
Annual Tax Amount $17,092
Tax Year 2025
Lot Dimensions 126x57x132x97
Property Sub-Type Multi Family 5+
Property Description
This well-maintained, six-unit multifamily building presents investors with a rare opportunity to acquire a stabilized asset in the highly desirable Village of Niles. Tucked away at the end of a quiet cul-de-sac adjacent to a public park, the property offers an attractive residential setting with convenient access to shopping, dining, public transportation, major expressways, and O'Hare International Airport. The building features six (6) one-bedroom, one-bath apartments with a strong rental history and value-add potential through below-market rents on select units. Ownership has meticulously maintained the property for over 43 years, completing routine capital improvements including a new furnace in 2024 and regularly seal-coating the roof every three years. Additional amenities include approximately 8.5 off-street parking spaces, on-site coin laundry providing supplemental income, and tenant-paid electric, helping to minimize operating expenses. This is an excellent opportunity for investors seeking a well-maintained, income-producing asset in one of Chicago's most soughtafter suburban rental markets.
Location
State IL
County Cook
Area Niles
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Roof Type Tar/Gravel
Building
Dwelling Type Multi Family 5+
Structure Type Brick
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Paul Proano of Coldwell Banker Commercial NRT
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "