Niles Condo with
For Sale
$191,000
6801 N Milwaukee Avenue #404, Niles, IL 60714
One-bedroom condo in well-maintained building with in-unit laundry.
Property Size900 SF
Days on Market315
Property Features for 6801 N Milwaukee Avenue #404
General Information
Standard status
Active
Size
900 SF
Property subtype
Condominium
Amenities
Central Air
Natural Gas
Forced Air
Building Details
Building Size
900 SF
Year Built
2000
Listing Agency:
RE/MAX City
Listed By:
Jack Stempien · License #475122921
(773) 719-4414
Source:
Kw
Added: Nov 25, 2025
Changed: Sep 30
Last Checked: Oct 5 at 5:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX City
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condo is located in the Eagle Point neighborhood. The unit features forced air heating and cooling, as well as in-unit laundry. A spacious balcony faces west. The property is being sold in 'as is' condition and needs some repairs. The real estate taxes are pro-rated at 100 percent. The buyer is responsible for building code violations, if any, and condo documents, fees, and move-in fee. The buyer is responsible for up to 6 months of HOA fees.
Key Highlights
- One bedroom, one bath condo.
- In‑unit laundry for convenience.
- Spacious balcony facing west.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,441
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,820
$208.8K
Cap Rate 7%
$149,157
$149.2K
Cap Rate 9%
$116,011
$116.0K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$20.4K $22.68/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$19.0K $21.09/SF
− OpEx
−$8.5K −$9.49/SF
NOI
$10.4K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,820
Cap Rate 7%
$149,157
Cap Rate 9%
$116,011
Alternative Uses
Best Use
Apartment 5plus
$149.2K
$130.5K – $174.0K
NOI $10,441 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.7K
$271.9K – $362.5K
NOI $21,751 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
Explore this area
Business Placement
Demographics for 60714, IL
31,006
Population
11,867
Households
2.6
Avg Household Size
49
Median Age
39%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
4,922
Density / Sq Mi
$78,868
Median Household Income
$46,553
Median Earnings
$1,247
Median Rent
$351,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - One-bedroom condo in well-maintained building with in-unit laundry.
Where is this apartment building located?
The property is located at 6801 N Milwaukee Avenue #404 Niles, IL.
What is the asking price?
The asking price for this property is $191,000.
What are key features of this property?
This property features: One bedroom, one bath condo.; In‑unit laundry for convenience.; Spacious balcony facing west.
