6920 N Rosemary Ln - Apartments FOR SALE


Niles, IL 60714
$1,200,000 USD
312-860-4043
6920 N Rosemary Ln, Niles, IL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/18
null | 5.31% Cap Rate

6920 N Rosemary Ln
Niles, IL 60714


HIGHLIGHTS

  • Roof and Windows 2019
  • Laundry Room
  • Five 2BD/1BA + ONE 1BD/1BA
  • Private Parking For Tenants + Ample Street Parking
  • Newer Boiler & Hot Water Heater Less Than Five Years Old

OVERVIEW

The Proano Commercial Group is pleased to present 6920 N Rosemary Lane which is a well-maintained, freestanding brick 6-flat in the heart of Niles, offering investors a stabilized, turnkey opportunity in a consistently strong suburban rental market. Located just off Milwaukee Avenue and minutes from public transportation, retail, dining, and major highways, the property benefits from excellent tenant demand and long-term market fundamentals. The building consists of five (5) two-bedroom / one-bath units and one (1) garden one-bedroom / one-bath unit, providing a practical and appealing unit mix that attracts a broad tenant base. Ownership has invested in key capital improvements, including a new roof (2019), vinyl windows (2019), a newer water heater and boiler (approx. 5 years old), and building-wide safety enhancements such as emergency lighting, fire extinguishers, and exit signage. These improvements reduce near-term capital expenditures and ensure operational efficiency. 6920 N Rosemary Lane is strategically located in the heart of Niles, just minutes off Milwaukee and Touhy Avenues, providing a balance of quiet residential surroundings with immediate access to major retail, dining, and service corridors. With over 23,000 vehicles daily on Milwaukee Avenue, the property benefits from strong visibility while still offering a neighborhood setting. Commuters enjoy excellent connectivity: CTA bus routes run along Milwaukee Avenue, the Norwood Park and Edison Park Metra stations are only 5–6 minutes away, and both I-90 and I-94 are nearby for direct access to downtown Chicago and the suburbs. O’Hare International Airport is less than 8 miles away, making the property highly convenient for travel. Niles is a proven, stable market with strong demographics, including median household incomes of over $95K within three miles. The area’s mix of residential neighborhoods, retail corridors, and employment hubs supports long-term tenant retention and reliable rent growth. This prime location positions the asset for consistent performance and investor upside.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

5.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Unit For Sale I Niles, IL

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,102 SF

ZONING

C

APN/PARCEL ID

10-31-209-071-0000

ASK ABOUT THIS PROPERTY

Paul ProanoColdwell Banker Commercial RealtyMore Info
312-860-4043

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Paul ProanoColdwell Banker Commercial RealtyMore Info
312-860-4043

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.