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    OFF-MARKET
    Apartment buildings

    8003 W Foster Ln, Niles, IL 60714

    4,029 SF Built 1963
    Property ID
    US28-2780435
    Property summary
    AI-generated overview

    Prime Investment Opportunity of This 6-Unit Building in Niles! Don't miss out on this rare and outstanding investment opportunity. All the units are one bedroom, one bath with an eat-in kitchen and spacious living room/dining room combination. This well-maintained, solid brick building in the heart ... of Niles is 100% occupied with all tenants on month-to-month leases which offers exceptional potential for immediate rental income growth. 5 out of the 6 units have been beautifully renovated in the past few years with new kitchens, bathrooms and refinished hardwood floors. This sound, low maintenance brick building features a new roof installed in 2023, a regularly serviced 1988 boiler with valves and pump replaced within the past 5 years, windows from 1990 in all units and the rear enclosed porch windows from around 2020. There are on-site extra storage lockers in the basement, potential in building laundry (building previously had laundry), a common parking area behind the building on a first come first served basis with additional overnight parking on Washington. There is also a grassy side yard with concrete patio area, perfect for tenant enjoyment. Building is situated in a prime rental market in Niles with close proximity to Golf Mill Mall and Oak Mill Mall, providing convenient shopping options. There is also public transportation easily accessible via Golf Rd and Milwaukee Ave. This is a fantastic opportunity for investors looking for a turn-key property with strong rental demand in an area with growing potential. Don't wait - this gem won't last long!

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1963
    Total area 4,029 SF
    UPID US28-2780435
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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