8761 N Olcott Ave Niles, IL 60714
The Terrace Neighborhood
3
Beds
1.5
Baths
1,200
Sq Ft
1960
Built
Highlights
- Ranch Style House
- Wood Flooring
- L-Shaped Dining Room
- Maine East High School Rated A
- Full Attic
- Home Office
About This Home
As of June 2025What an amazing opportunity to own a lovely home in the highly sought-after town of Niles. There is so much potential in this charming, 3 bedroom, 1.5 bath, brick home. While some TLC and updates may be desired, the lucky buyer will be pleased to find a newer roof and gleaming hardwood floors throughout...WOW! Light-and bright kitchen boasts numerous cabinets, a double sink plus plenty of space for a table. Large living room/dining room is great for entertaining or relaxing after a long day. Full basement can be used for ample storage or finished for additional living space...so many possibilities in this versatile home! For your added convenience, there is an oversized laundry area in this large basement as well. Fenced backyard with a nice brick paver patio. Practical two car garage which many homes in the area do not have. Award-winning District 63/207 schools! Great for commuters with public transportation, the Niles Free Bus, and interstate access all nearby. Ideally situated on a beautiful, tree-lined street near parks, restaurants, schools, shopping, fitness clubs, and much more! This estate sale would be a great opportunity for investors or anyone looking to get into a terrific neighborhood for an affordable price. Better hurry, this house has so much potential and is priced to sell quickly!
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475156705 Listed on: 04/24/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,221
Year Built
- Built in 1960
Parking
- 2 Car Garage
- Driveway
- Parking Included in Price
Home Design
- Ranch Style House
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,200 Sq Ft Home
- Window Screens
- Entrance Foyer
- Family Room
- Living Room
- L-Shaped Dining Room
- Home Office
- Wood Flooring
- Basement Fills Entire Space Under The House
- Full Attic
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Bathroom on Main Level
Schools
- Nelson Elementary School
- Gemini Junior High School
- Maine East High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Patio
- Paved or Partially Paved Lot
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
- Senior Freeze Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 24, 2025
Closed on
May 31, 2025
Sold by
Murrell Suzanne Pienta and Pienta Diane
Bought by
Koureel Ramen
Seller's Agent
Leslie Silverman
@properties Christie's International Real Estate
Buyer's Agent
Ali Kahkesh
Sky High Real Estate Inc.
List Price
$299,000
Sold Price
$345,000
Premium/Discount to List
$46,000
15.38%
Views
254
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.61%
Original Mortgage
$276,000
Outstanding Balance
$275,546
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$79,676
Similar Homes in Niles, IL
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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
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $345,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $276,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $240,000 | Credit Line Revolving | |
| Previous Owner | $25,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2025 06/05/25 | Sold | $345,000 | +15.4% | $288 / Sq Ft |
| 04/28/2025 04/28/25 | Pending | -- | -- | -- |
| 04/24/2025 04/24/25 | For Sale | $299,000 | -- | $249 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $2,221 | $32,000 | $7,517 | $24,483 |
| 2023 | $2,152 | $32,000 | $7,517 | $24,483 |
| 2022 | $2,152 | $32,000 | $7,517 | $24,483 |
| 2021 | $2,513 | $28,503 | $5,296 | $23,207 |
| 2020 | $2,213 | $28,503 | $5,296 | $23,207 |
| 2019 | $2,148 | $31,671 | $5,296 | $26,375 |
| 2018 | $2,382 | $23,151 | $4,612 | $18,539 |
| 2017 | $2,317 | $23,151 | $4,612 | $18,539 |
| 2016 | $2,812 | $23,151 | $4,612 | $18,539 |
| 2015 | $3,225 | $16,500 | $3,929 | $12,571 |
| 2014 | $3,135 | $16,500 | $3,929 | $12,571 |
| 2013 | $3,332 | $16,500 | $3,929 | $12,571 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Leslie Silverman
@ Properties
(847) 208-6950
1 in this area
155 Total Sales
-
Buyer's Agent in 2025
Ali Kahkesh
Sky High Real Estate Inc.
(773) 456-9347
1 in this area
51 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12345537
APN: 09-24-205-001-0000
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