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$ 949,000
Est. payment /mo
Active Under Contract
8003 W Foster LN Niles, IL 60714
4,029 SqFt
UPDATED:
02/18/2025 08:23 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,029 sqft
Price per Sqft $235
MLS Listing ID 12261308
Maintenance Fees $6,000
Year Built 1963
Annual Tax Amount $16,679
Tax Year 2023
Lot Dimensions 12,577
Property Sub-Type Multi Family 5+
Property Description
Prime Investment Opportunity of This 6-Unit Building in Niles! Don't miss out on this rare and outstanding investment opportunity. All the units are one bedroom, one bath with an eat-in kitchen and spacious living room/dining room combination. This well-maintained, solid brick building in the heart of Niles is 100% occupied with all tenants on month-to-month leases which offers exceptional potential for immediate rental income growth. 5 out of the 6 units have been beautifully renovated in the past few years with new kitchens, bathrooms and refinished hardwood floors. This sound, low maintenance brick building features a new roof installed in 2023, a regularly serviced 1988 boiler with valves and pump replaced within the past 5 years, windows from 1990 in all units and the rear enclosed porch windows from around 2020. There are on-site extra storage lockers in the basement, potential in building laundry (building previously had laundry), a common parking area behind the building on a first come first served basis with additional overnight parking on Washington. There is also a grassy side yard with concrete patio area, perfect for tenant enjoyment. Building is situated in a prime rental market in Niles with close proximity to Golf Mill Mall and Oak Mill Mall, providing convenient shopping options. There is also public transportation easily accessible via Golf Rd and Milwaukee Ave. This is a fantastic opportunity for investors looking for a turn-key property with strong rental demand in an area with growing potential. Don't wait - this gem won't last long!
Location
State IL
County Cook
Area Niles
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 3
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Listed by Monica Balder • Baird & Warner
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