Six-Unit Apartment
8509 N Milwaukee Avenue Niles, IL 60714
8509 N Milwaukee Avenue, Niles, IL, 60714
$875,000
For Sale
Under Contract
$875,000
MULTI_FAMILY - Niles, IL
Days on Market105
Property Features for 8509 N Milwaukee Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 2, Bathroom 6, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 6, Bathroom 2, Bathroom 5, Bathroom 4, Bedroom 3
- Standard status
- Active Under Contract
- APN
- 09241070450000
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 18175
Building Details
- Year built
- 1961
- Floors in Building
- 3
- Number of units
- 6
- Building materials
- Brick
Listing Agency
RE/MAX City
(773) 775-0600
7020 W. Higgins Ave., IL
Listed by
Marty Piot · License #475132481
(773) 775-0600
Added: Apr 6 Checked: Jul 19 at 12:06 am
MLS# 12598052
Listing URL
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a six-flat apartment building with all units configured as one-bedroom homes. The exterior and key building components have been addressed with a new roof, newer windows, recent tuckpointing, and copper plumbing. Tenants are responsible for their own cooking gas. The sale is being offered as-is.
The building is located at 8509 N Milwaukee Avenue in Niles, Illinois, in a residential setting with single-family homes behind the structure. The property also includes extra parking. For residents who don’t drive, the area provides a free bus service.
This is a straightforward fit for an owner-operator or investor seeking a small multi-family asset with a consistent unit mix of one-bedroom apartments. Given that long-term tenants are in place and rents are described as very low, prospective buyers should plan for the operating reality of an occupied building and review tenant/payments details during due diligence. The seller indicates the transaction requires a large down payment or cash, and notes that pro rata loans are not available. Buyers should also confirm financing terms and verify all income and expense information prior to closing.
The building is located at 8509 N Milwaukee Avenue in Niles, Illinois, in a residential setting with single-family homes behind the structure. The property also includes extra parking. For residents who don’t drive, the area provides a free bus service.
This is a straightforward fit for an owner-operator or investor seeking a small multi-family asset with a consistent unit mix of one-bedroom apartments. Given that long-term tenants are in place and rents are described as very low, prospective buyers should plan for the operating reality of an occupied building and review tenant/payments details during due diligence. The seller indicates the transaction requires a large down payment or cash, and notes that pro rata loans are not available. Buyers should also confirm financing terms and verify all income and expense information prior to closing.
Key Highlights
- 6‑flat property with all 1‑bedroom units
- Brick construction built in 1961
- Updates include a new roof, newer windows, and recent tuckpointing
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six one-bedroom flats with updates including a new roof, newer windows, tuckpointing, and copper plumbing.
Where is this apartment building located?
The property is located at 8509 N Milwaukee Avenue Niles, IL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 6‑flat property with all 1‑bedroom units; Brick construction built in 1961; Updates include a new roof, newer windows, and recent tuckpointing
