Listing 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. 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!