NOT LISTED FOR SALE

8513 N Milwaukee Ave Niles, IL 60714

Oak Park Neighborhood
6 Beds
6 Baths
-- Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: May 25, 2022

Last sale price $700,000

169 Days on Market

About This Home

As of May 2022

Great investment opportunity in Niles. The building is comprised of 6 one-bedroom units with a large parking lot in the rear of the building. Some of the recent improvements include a new roof and gutters. This 6-flat is in great rental location on high visibility Milwaukee Avenue. Single family homes in back and large park. Milwaukee Avenue bus right there. Close to everything. Additional parking on Milwaukee and side streets.

Last Agent to Sell the Property

Ioannis Ress

Berkshire Hathaway HomeServices Chicago License #475189570 Listed on: 08/23/2021

Berkshire Hathaway HomeServices Chicago

Co-Listed By

Vaciliki Ress

Berkshire Hathaway HomeServices Chicago License #475151518

Last Buyer's Agent

Ana Grecu

Coldwell Banker Realty License #475183404

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,692

Year Built

  • Built in 1961

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 47 x 125

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $140
  • Fuel Expense $200
  • Insurance Expense $2,100
  • Maintenance Expense $500
  • Trash Expense $87
  • Water Sewer Expense $130
  • Operating Expense $15,360
  • Gross Income $5,200
  • Net Operating Income $47,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,692

Year Built

Built in 1961

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1961
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Room: 0

Utilities

  • Heat/Ventilation: Forced Air,Gas

Fee Information

  • Trash Expense: 87
  • Water Sewer Expenses: 130

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.13
  • Lot Dimensions: 47 X 125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 2

Multi Family

  • Net Operating Income: 47040
  • Fuel Expense: 200
  • Insurance Expense: 2100
  • ElectricExpense: 140
  • GrossIncome: 5200
  • Maintenance Expense: 500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 15360
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 11692
  • Tax Year: 2020
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2022 05/25/22 Sold $700,000 -3.4% --
02/09/2022 02/09/22 Pending -- -- --
08/23/2021 08/23/21 For Sale $725,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,778 $80,260 $7,638 $72,622
2024 $17,778 $69,001 $6,463 $62,538
2023 $16,697 $69,001 $6,463 $62,538
2022 $16,697 $69,001 $6,463 $62,538
2021 $10,967 $37,794 $4,553 $33,241
2020 $10,371 $37,794 $4,553 $33,241
2019 $10,467 $43,442 $4,553 $38,889
2018 $11,693 $43,842 $3,965 $39,877
2017 $11,577 $43,842 $3,965 $39,877
2016 $10,803 $43,842 $3,965 $39,877
2015 $9,255 $34,408 $3,378 $31,030
2014 $8,929 $34,408 $3,378 $31,030
2013 $9,411 $36,930 $3,378 $33,552
Source: Public Records

Agents Affiliated with this Home

  • Ioannis Ress

    Seller's Agent in 2022

    Ioannis Ress

    Berkshire Hathaway HomeServices Chicago

    (773) 818-5536

    2 in this area

    36 Total Sales

    Ioannis Ress
    Section Image
  • Vaciliki Ress

    Seller Co-Listing Agent in 2022

    Vaciliki Ress

    Berkshire Hathaway HomeServices Chicago

    (773) 617-7629

    2 in this area

    34 Total Sales

    Vaciliki Ress
    Section Image

  • A

    Buyer's Agent in 2022

    Ana Grecu

    Coldwell Banker Realty

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11197971

Midwest Real Estate Data (MRED)
Illinois Cook County Niles 60714 Oak Park

8513 N Milwaukee Ave, Niles, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID

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