BEDS0
BATHS
SQUARE FEET4,029
MLS#12705081
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
This well-maintained, six-unit multifamily building presents investors with a rare opportunity to acquire a stabilized asset in the highly desirable Village of Niles. Tucked away at the end of a quiet cul-de-sac adjacent to a public park, the property offers an attractive residential setting with convenient access to shopping, dining, public transportation, major expressways, and O'Hare International Airport. The building features six (6) one-bedroom, one-bath apartments with a strong rental history and value-add potential through below-market rents on select units. Ownership has meticulously maintained the property for over 43 years, completing routine capital improvements including a new furnace in 2024 and regularly seal-coating the roof every three years. Additional amenities include approximately 8.5 off-street parking spaces, on-site coin laundry providing supplemental income, and tenant-paid electric, helping to minimize operating expenses. This is an excellent opportunity for investors seeking a well-maintained, income-producing asset in one of Chicago's most soughtafter suburban rental markets.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.23 Acres
Roof Type: Tar/Gravel
Stories: 3.0
Taxes: $17,092
Year Built: 1965
Feature Descriptions
Current Use: Multi-Family
Electric: Separate Meters
Exterior: Brick
HVAC: Central Bldg Heat
Lot Dimensions: 126x57x132x97
Parcel#: 09142010290000
Tenant Pays: Electricity
Units: 6
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Commercial NRT
Agency Phone: 312-860-4043
Shown By
Agent Name: Pamela Cunningham
Agent Phone: (815) 289-6323
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 5,895.76 per month $4,201.64 Principal & Interest $1,424.33 Property Tax $269.79 Homeowner's InsuranceChange Payment Information
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
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.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
8047 W Foster Lane | MLS# 12705081
This multi-family property located at 8047 W Foster Lane, Niles, IL 60714 is currently listed for sale with an asking price of $925,000. Search Niles real estate on www.pamcunninghamrealtor.com today.