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Renovated Two-Unit Duplex
New
For Sale
$649,000

8121 N Ottawa Ave, Niles, IL 60714

Separate gas and electric meters serve the two residences independently.

Property SizeContact for details
Days on Market2

Property Features for 8121 N Ottawa Ave

General Information

Standard status Active
Total Parking Spaces 6
Property subtype Multi-Family

Site & Location

Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 1 x 2BR, 1 x 4BR
Multifamily Units 2

Amenities

deck
patio
laundry
bicycle storage

Building Details

Year Built 1961
Listing Agency: T.K. Realty Inc
Listed By: Thomas Bezanes · License #471018395
Source: Highriseschicago
Added: Oct 1 Last Checked: Oct 1 at 2:00PM

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 T.K. Realty Inc

Investment Insights

Based on property information with market context.

This renovated duplex, built in 1961, contains two residences with a combined six bedrooms and three bathrooms. The upper unit has two bedrooms, while the first-floor residence includes four bedrooms and two bathrooms. Living, dining, and family rooms are provided across the units, along with kitchens. A basement has laundry, a utility room, and bicycle storage. The property also includes an attached two-car garage and driveway space for up to four additional vehicles.

Outdoor features include a wood deck connected to a brick-paver patio. Schools, parks, shopping, Oak Mill Mall, and public transportation—including the free Niles bus—are nearby. The property is being sold as is.

Key Highlights

  • Two‑unit duplex with six bedrooms and three bathrooms
  • Separate gas and electric meters for each unit
  • First‑floor unit has four bedrooms and two full bathrooms

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Daycare Center Parking Lot & Garage (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

888
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Separate gas and electric meters serve the two residences independently.
Where is this duplex located?
The property is located at 8121 N Ottawa Ave Niles, IL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑unit duplex with six bedrooms and three bathrooms; Separate gas and electric meters for each unit; First‑floor unit has four bedrooms and two full bathrooms
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