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Listed by Paul Proanoof Coldwell Banker Commercial NRT
$1,200,000
Est. payment /mo
6,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $190
MLS Listing ID 12479345
Year Built 1962
Annual Tax Amount $19,131
Tax Year 2023
Lot Dimensions 50X161
Property Sub-Type Multi Family 5+
Property Description
This well-maintained, freestanding brick six-unit building offers investors a stabilized, turnkey opportunity in the heart of Niles. Ideally located just off Milwaukee Avenue and within minutes of public transportation, shopping, dining, and major highways, the property benefits from strong tenant demand and long-term market fundamentals. The building features five (5) two-bedroom, one-bath apartments and one (1) garden-level one-bedroom, one-bath apartment, providing a practical and desirable unit mix that appeals to a broad tenant base. Significant capital improvements have been completed to ensure durability and efficiency, including a new roof installed in 2019, vinyl windows replaced in 2019, a newer water heater and boiler (approximately five years old), and safety enhancements throughout the property such as emergency lighting, fire extinguishers, and exit signage. These updates minimize near-term capital expenditures while supporting reliable operations.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Partially Finished
Interior
Cooling Window Unit(s)
Fireplace Y
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick,Concrete
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