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Legal Three-Flat with 3-Car Garage
For Sale
$875,000

8430 W Oak Avenue, Niles, IL 60714

MULTI_FAMILY - Niles, IL

Property SizeContact for details
Days on Market54

Property Features for 8430 W Oak Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 5, Bathroom 1, Bathroom 5, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 7, Bedroom 1, Bedroom 6, Bathroom 4, Bathroom 3
Parking 5
Parking features Garage
Elementary school district 63
Middle school district 63
High school district 207
Directions Dempster to Cumberland, North to Oak, West to property
Subdivision Niles
Standard status Active
APN 09143190060000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 16756

Utilities

Sewer type Public Sewer
Heating system Steam, Baseboard
Water source Public

Building Details

Year built 1965
Building materials Brick
Listing Agency: Midwest Realty Services, Inc.
Listed By: Joseph Rihani · License #471009619
Added: Jun 19 Changed: Aug 7 Last Checked: Aug 11 at 9:06PM
MLS# 12682713

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.

Brick legal 3-flat built in 1965, consisting of two 3-bedroom, 2-full-bath units plus a garden unit with 1 bedroom and 1 full bath. The property includes a 3-car garage and separate heating for the top-floor unit. Heating is provided by steam and baseboard systems.

The building backs to a school field and is served by public water and public sewer. The property is offered as-is, where is.

The unit configuration supports either owner occupancy with rental income or a straight rental setup, with separate top-floor heating providing additional operational flexibility for tenants.

Key Highlights

  • Legal 3‑flat with two 3‑bedroom, 2‑full‑bath units and a 1‑bedroom, 1‑full‑bath garden unit
  • Brick construction built in 1965
  • 3‑car garage

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Barber Shop Storage Facility Kitchen & Bath Showroom

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,344
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Brick legal 3-flat with two 3-bedroom units, a 1-bedroom garden unit, and a 3-car garage.
Where is this triplex located?
The property is located at 8430 W Oak 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: Legal 3‑flat with two 3‑bedroom, 2‑full‑bath units and a 1‑bedroom, 1‑full‑bath garden unit; Brick construction built in 1965; 3‑car garage
More about this property
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