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8003 Foster Ln Niles, IL 60714

Sponsored
For Sale
$949,000

Six-unit building, 100% occupied, high rental potential

Property size:
4,029 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
This exceptional six-unit multifamily building presents a prime investment opportunity in the thriving Niles, IL market. Located at 8003 W Foster Lane, this well-maintained, solid brick structure offers 4,029 square feet of rentable space and sits on a 0-acre lot. Each unit boasts one bedroom, one bathroom, an eat-in kitchen, and a spacious living room. Five of the six units have undergone recent renovations, featuring updated kitchens and bathrooms, and refinished hardwood floors. The building benefits from a new roof (installed 3/23), a regularly serviced boiler (1988, with recent valve and pump replacements), and updated windows in the rear enclosed porches (around 2020). Original windows in the units date back to 1990. Tenants currently hold month-to-month leases, providing immediate upside for rental income growth. Additional amenities include on-site storage lockers in the basement and a shared parking area behind the building (first-come, first-served basis, with overnight parking available on Washington). A grassy side yard with a concrete patio offers tenants an outdoor space. The property's prime location near Golf Mill Mall and Oak Mill Mall provides convenient access to shopping, and public transportation is readily available via Golf Road and Milwaukee Avenue. This turnkey property is ideally suited for investors seeking strong rental demand and significant growth potential in a desirable location. The building's solid construction and recent upgrades ensure low maintenance and long-term value.

Property Features for 8003 Foster Ln

General Information

Property type
Other commercial real estate
Square Feet
4,029 SF

Building Details

Year Built
1963

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Niles
County
Cook
State
Illinois
Longitude
-87.8261
Latitude
42.05236

FAQs

What type of property is this?
Commercial real estate - Six-unit building, 100% occupied, high rental potential
Where is this commercial real estate located?
The property is located at 8003 Foster Ln Niles, IL.
What is the asking price?
The asking price for this property is $949,000.
More about this property
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