8047 W Foster Ln - Apartments FOR SALE


Niles, IL 60714
$925,000 USD
312-860-4043
8047 W Foster Ln, Niles, IL for Sale
$925,000 USD
Apartments - FOR SALE
1/19
null | 5.27% Cap Rate

8047 W Foster Ln
Niles, IL 60714


HIGHLIGHTS

  • Family-Owned & Meticulously Maintained for over 43 years
  • Value-Add Opportunity with below-market rents on select units
  • New Boiler Installed in 2024
  • 100% Occupied with stable rental income

OVERVIEW

Well-maintained multifamily investment opportunity in desirable Niles, located on a quiet cul-de-sac adjacent to a public park. The property features four (4) 1-bedroom/1-bath units and one (1) 3-bedroom/2-bath unit, approximately 8.5 off-street parking spaces, coin laundry, tenant-paid electric, and a new furnace installed in 2024. Long-term ownership with strong rental history and rental upside. Seller is currently renting/operating the property as six (6) units.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

5

PRICE/UNIT

$185,000

CAP RATE

5.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi Family Investment I 100% Occupancy

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,845 SF

ZONING

R-4

APN/PARCEL ID

09-14-201-029-0000

ASK ABOUT THIS PROPERTY

Paul ProanoPaul Proano Properties and BusinessesMore Info
312-860-4043

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Paul ProanoPaul Proano Properties and BusinessesMore Info
312-860-4043

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