Estimated payment $7,919/month
About This Home
This well-maintained, freestanding brick six-unit building offers investors a stabilized, turnkey opportunity in the heart of Niles. Ideally located just off Milwaukee Avenue and within minutes of public transportation, shopping, dining, and major highways, the property benefits from strong tenant demand and long-term market fundamentals. The building features five (5) two-bedroom, one-bath apartments and one (1) garden-level one-bedroom, one-bath apartment, providing a practical and desirable unit mix that appeals to a broad tenant base. Significant capital improvements have been completed to ensure durability and efficiency, including a new roof installed in 2019, vinyl windows replaced in 2019, a newer water heater and boiler (approximately five years old), and safety enhancements throughout the property such as emergency lighting, fire extinguishers, and exit signage. These updates minimize near-term capital expenditures while supporting reliable operations.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,131
Year Built
- Built in 1962
Lot Details
- Lot Dimensions are 50x161
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Concrete Block And Stucco Construction
- Concrete Perimeter Foundation
Interior Spaces
- 6,300 Sq Ft Home
- 2-Story Property
Utilities
- Window Unit Cooling System
- Central Heating
- Heating System Uses Gas
- 200+ Amp Service
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $99,999
- Fuel Expense $99,999
- Insurance Expense $2,859
- Maintenance Expense $99,999
- Other Expense $99,999
- Trash Expense $99,999
- Water Sewer Expense $99,999
- Operating Expense $33,597
- Gross Income $96,000
- Net Operating Income $63,723
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/10/2025 10/10/25 | Pending | -- | -- | -- | |
| 09/22/2025 09/22/25 | For Sale | $1,200,000 | +60.0% | $190 / Sq Ft | |
| 12/14/2018 12/14/18 | Sold | $750,000 | -2.6% | -- | View Prior Sale |
| 10/17/2018 10/17/18 | Pending | -- | -- | -- | |
| 10/10/2018 10/10/18 | Price Changed | $769,900 | -3.2% | -- | |
| 10/06/2018 10/06/18 | For Sale | $795,000 | 0.0% | -- | |
| 09/25/2018 09/25/18 | Pending | -- | -- | -- | |
| 08/13/2018 08/13/18 | Price Changed | $795,000 | -2.9% | -- | |
| 07/17/2018 07/17/18 | For Sale | $819,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12479345
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