This well-maintained, six-unit multifamily building presents investors with a rare opportunity to acquire a stabilized asset in the highly desirable Village of Niles. Tucked away at the end of a quiet cul-de-sac adjacent to a public park, the property offers an attractive residential setting with convenient access to shopping, dining, public transportation, major expressways, and O'Hare International Airport. The building features six (6) one-bedroom, one-bath apartments with a strong rental history and value-add potential through below-market rents on select units. Ownership has meticulously maintained the property for over 43 years, completing routine capital improvements including a new furnace in 2024 and regularly seal-coating the roof every three years. Additional amenities include approximately 8.5 off-street parking spaces, on-site coin laundry providing supplemental income, and tenant-paid electric, helping to minimize operating expenses. This is an excellent opportunity for investors seeking a well-maintained, income-producing asset in one of Chicago's most soughtafter suburban rental markets.
Property Map
Please use the print button to include maps when printing.
For more information about 8047 W Foster, Niles, IL 60714 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by Coldwell Banker Commercial NRT
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program
of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are
marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Some IDX listings have been excluded from this website.
