A
Seller's Agent in 2025
Alexandra Botiz
Coldwell Banker Realty
8293 W Oak Ave Niles, IL 60714
Ballard Terrace Neighborhood
--
Bed
--
Bath
5,049
Sq Ft
7,076
Sq Ft Lot
Highlights
- Laundry Room
- Baseboard Heating
- 3-minute walk to Ballard Park
- Maine East High School Rated A
- Heating System Uses Steam
About This Home
As of May 2025Rare Investment Opportunity - Fully Leased 6-Unit in Prime Niles Location! Welcome to 8293 W Oak Ave in Niles, IL-a rarely available investment opportunity offering immediate cash flow with strong value-add potential. Properties like this don't hit the market often! This well-maintained 6-unit brick building features five spacious 2-bedroom units and one 1-bedroom unit, all fully leased with long-term tenants. The property has been thoughtfully updated, including renovated kitchens and bathrooms in 2023 with quartz countertops, modern cabinetry, and stainless steel appliances. Additional improvements include energy-efficient windows installed in 2022 and select units featuring flawless hardwood flooring. Investors will appreciate the added income from coin-operated laundry machines (installed in 2023), six dedicated parking spaces, and a newly paved asphalt parking lot (completed in 2024). Key Investment Advantage: Rents have been kept below market rates out of courtesy to long-term tenants, presenting significant potential for future income growth. With rental prices in the area continuing to rise, this property offers an excellent opportunity to increase revenue while maintaining strong tenant retention. With a 7 cap rate, this property delivers an attractive return in a highly desirable location with top-rated schools, parks, shopping, and dining nearby. Schedule your private tour today-opportunities like this don't last!
Last Agent to Sell the Property
Alexandra Botiz
Coldwell Banker Realty License #475158356 Listed on: 02/28/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,426
Year Built
- Built in 1967
Lot Details
- 7,076 Sq Ft Lot
- Lot Dimensions are 61x122x55x122
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,049 Sq Ft Home
- 3-Story Property
- Laundry Room
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Steam
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $300
- Fuel Expense $2,200
- Insurance Expense $2,400
- Trash Expense $1,320
- Water Sewer Expense $3,000
- Operating Expense $25,647
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 |
|---|---|---|---|---|---|
| 05/09/2025 05/09/25 | Sold | $1,100,000 | -8.3% | $218 / Sq Ft | |
| 03/12/2025 03/12/25 | Pending | -- | -- | -- | |
| 03/01/2025 03/01/25 | For Sale | $1,199,000 | +84.5% | $237 / Sq Ft | |
| 10/15/2019 10/15/19 | Sold | $650,000 | +1.6% | -- | View Prior Sale |
| 07/26/2019 07/26/19 | Pending | -- | -- | -- | |
| 07/26/2019 07/26/19 | For Sale | $639,900 | -1.6% | -- | |
| 06/22/2019 06/22/19 | Off Market | $650,000 | -- | -- | |
| 06/12/2019 06/12/19 | For Sale | $639,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Simon Danuta
Buyer's Agent in 2025
Simon Danuta
Redstart Inc.
(773) 888-3325
1 in this area
64 Total Sales
-
Lydia Memeti
Seller's Agent in 2019
Lydia Memeti
RE/MAX
(708) 267-0971
1 in this area
367 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12299545
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