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photo of Nikki Mayer
Nikki Mayer
Hometown Real Estate
7700 W. Belmont Ave
Chicago , IL 60634
Phone:
888 317 9983
Fax:
773 664 0013
Mobile:
708 268 2313
infohometown@gmail.com

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Status: Active (For Sale)
Type: Commercial
Year Built: 1963
MLS ID: 12261308


Overview
Photos (15)
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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. This well-maintained, solid brick building in the heart of Niles is 100% occupied and offers exceptional potential for future rental income growth. With all tenants on month-to-month leases, there's significant upside for rent increases. 5 out of the 6 units have been beautifully renovated in the past few years with new kitchens, bathrooms and refinished hardwood floors. The sound, low maintenance brick building features a new roof installed in 2023 and a regularly serviced boiler. There are on-site extra storage lockers in the basement and a common parking area behind the building on a first come first served basis with overnight parking on Washington. There is also a grassy side yard with a concrete patio area, perfect for tenant enjoyment. New Roof in 3/23, Windows 1990 in all units, Rear Enclosed Porch Windows around 2020, Boiler 1988 with valves and pump replaced within the past 5 years. 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!

Courtesy Of: Baird & Warner


Feature Highlights


  • Built Before 1978

General Features


List Date:
01/25/2025

Interior Features


Basement Description:
Unfinished,Exterior Access,Storage Space

Exterior Features and Amenities


Lot Size Dimensions:
12,577

Financial


Days On Market:
12
Tax Annual Amount:
$16,679.62
Tax Year:
2023


Directions


Golf Road, East of Milwaukee, to Washington Rd South to Foster West to Building

Availability Calendar


- Available - Unavailable

Rental Rates


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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of MRED LLC. Real Estate listings held by brokerage firms other than Hometown Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: 2025-02-06
.

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The information presented here is deemed reliable, though not guaranteed.
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