Property profile

8707 OKETO AVE Niles, IL 60714

OFF-MARKET
Apartments (Generic)
Property ID
US28-5528993
2,372 SF 0.17 ac lot Built 1959
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Property summary

AI-generated overview

The property is a legal two-unit brick building in Niles, Illinois, situated on a corner double lot measuring 58 x 125 feet near Dempster. It includes three income-producing residential units: Unit 1 on the first floor with two bedrooms and one full bathroom, Unit 2 on the second floor with two bedrooms and one full bathroom, and a non-conforming garden unit with one bedroom and one bathroom. Unit 1 was fully remodeled a couple of years ago and includes a modern kitchen with quartz countertops, updated appliances, a newly updated bathroom, and refinished hardwood floors; Unit 2 has refinished hardwood floors. The garden unit was fully renovated a couple of years ago and features a new kitchen, heated floors, and a new bathroom. The basement provides shared laundry facilities, a shared utility room, and additional storage. Building systems and fixtures include a boiler/heater that had been replaced and a washer that was newly added. The property also includes a detached two-car garage and street parking. Tenancy utility responsibility is split such that the main units are metered for gas and electric individually, while the garden unit includes utilities as part of its setup.

Property profile

Verified
Property type Apartments (Generic)
Year built 1959
Total area 2,372 SF
Lot 0.17 ac (7,278 SF)
APN 09-24-212-005
UPID US28-5528993

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8707 OKETO AVE Niles, IL 60714
Niles metro
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Value estimations

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Owner & transaction history

since 2022
Last sale
$560,000
1 recorded transaction
2022
$560,000
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