NOT LISTED FOR SALE

8649 N Milwaukee Ave Niles, IL 60714

Oak Park Neighborhood
11 Beds
6 Baths
-- Sq Ft
1960 Built

Last Sold June 20, 2024

Last sale price $935,000

8 Days on Market

About This Home

As of June 2024

Beautifully well maintained six unit property. Near public transportation with the Pulse and Pace bus line. Right off the Milwaukee corridor with abundant shopping. Golf Mill and Oak Mill Mall just minutes away. Right near all expressways. Coin operated washer & dryer building owned. Security cameras installed front entry outside & inside, rear entry outside & inside and in laundry room.

Last Agent to Sell the Property

Madeline Kidric

Fulton Grace Realty License #475136600 Listed on: 05/04/2024

Fulton Grace Realty

Last Buyer's Agent

Naelah Abbas

HomeSmart Connect License #475160998

HomeSmart Connect

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,103

Year Built

  • Built in 1960

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Additional Features

  • 2-Story Property
  • Lot Dimensions are 48 x 125
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $470
  • Fuel Expense $4,000
  • Insurance Expense $3,400
  • Maintenance Expense $1,710
  • Other Expense $130
  • Trash Expense $1,025
  • Water Sewer Expense $2,400
  • Operating Expense $9,735
  • Gross Income $76,740
  • Net Operating Income $49,902

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,103

Year Built

Built in 1960

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1960
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Utilities

  • Heat/Ventilation: Baseboard

Fee Information

  • Trash Expense: 1025
  • Water Sewer Expenses: 2400

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 48 X 125
  • Zoning: MULTI
  • Alternate Phone Number: (847) 553-6622

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 49902
  • Fuel Expense: 4000
  • Insurance Expense: 3400
  • ElectricExpense: 470
  • GrossIncome: 76740
  • Maintenance Expense: 1710
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 9735
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 17103
  • Tax Year: 2022
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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
06/20/2024 06/20/24 Sold $935,000 -6.0% --
05/13/2024 05/13/24 Pending -- -- --
05/04/2024 05/04/24 For Sale $995,000 -- --
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 $18,210 $89,000 $7,800 $81,200
2024 $18,210 $70,677 $6,600 $64,077
2023 $17,103 $70,677 $6,600 $64,077
2022 $17,103 $70,677 $6,600 $64,077
2021 $15,860 $54,654 $4,650 $50,004
2020 $14,998 $54,654 $4,650 $50,004
2019 $15,137 $62,821 $4,650 $58,171
2018 $12,781 $47,925 $4,050 $43,875
2017 $12,655 $47,925 $4,050 $43,875
2016 $13,723 $55,695 $4,050 $51,645
2015 $13,491 $51,728 $3,450 $48,278
2014 $13,424 $51,728 $3,450 $48,278
2013 $13,183 $51,728 $3,450 $48,278
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12042953

Midwest Real Estate Data (MRED)
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