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$799,900
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 8 |
0.00 |
0 |
$16,007 |
1962 |
|
On the market:
6 days
|
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Exceptional Brick 3-Flat in Prime Niles; ideal for Investors & Owner-Occupants. Opportunities like this don't come around often in Niles, IL. This solid all-brick legal 3-flat is located in a high-demand residential pocket and offers the perfect blend of immediate cash flow, long-term stability, and future upside. Whether you're an investor looking for a low-maintenance asset or an owner-occupant seeking rental income, this property checks every box. The building features three spacious apartment units: Two oversized 3-bedroom, 1.5-bath units on the first and second floors. A well-laid-out 2-bedroom, 1-bath garden unit. Each unit offers generous living and dining areas, large kitchens, and functional layouts that tenants love. Hardwood floors lie beneath the carpeting in the upper units, offering easy value-add potential. The first-floor unit has been remodeled, making it ideal for an owner-occupant or premium rental. Tenants pay their own gas and electric, enhancing cash flow. The building has been well maintained with pride of ownership, featuring newer windows, tuck-pointing, and solid mechanicals, giving buyers peace of mind and minimizing future capital expenses. Outside, enjoy a large yard, long private driveway, and a detached 2-car garage; a rare combination in multi-unit properties. The all-brick construction speaks to durability and long-term value. Located just minutes from shopping, dining, cafes, and everyday conveniences, with easy access to major roads and, this is a property tenants want and stay in. Long-term tenants are already in place on one-year leases, providing immediate income from day one. This is a clean, stable, income-producing asset in one of Niles' most desirable areas, perfect for buyers who understand value and act decisively. 24-hour notice required. Proof of funds or pre-approval required prior to showings. Serious buyers only. Properties like this move fast.
Listing courtesy of Jolita Vilimiene, eXp Realty