Beautiful 2 flat in a great location. Close to shopping, parks, and entertainment. Fully updated basement boasting 2 bedrooms& a bath. 2 Units above have 2 bedrooms and 1 bathroom. Common laundry room. The 1st floor unit includes the basement garden. The property also features a coin laundry which also brings a nice change each month and the property features hardwood floors throughout. The house is now available for investment or to occupy one unit. The second unit is being rented. Sold "as is".
BRICK 3 UNIT BUILDING WITH 3 BEDROOMS AND 1.5 BATHS ON BOTH MAIN FLOORS. GARDEN UNIT WITH 1 BEDROOM AND 1 BATH PLUS LARGE COMMON AREA (LAUNDRY/STORAGE). 3 FURNACES, 3 WATER HEATERS AND 2 CENTRAL A/C SYSTEMS. UNITS ARE VERY DATED BUT LIVABLE. CONCRETE SIDE DRIVE TO 2.5 CAR GARAGE AND PRIVATE BACK YARD. GREAT LOCATION WITH SINGLE FAMILY HOMES ACROSS THE STREET AND WALKING DISTANCE TO MUCH SHOPPING/PARKS/PLAYGROUNDS AND NILES FREE BUS SERVICE. LONG TIME OWNERS SELLING AS IS.
Welcome to 8722 N Elmore, a fantastic investment opportunity in the desirable neighborhood of Niles! This well-maintained 3-flat building offers multiple units, each with its own unique charm and excellent rental potential. The main floor and upstairs units feature spacious layouts, with both offering 3 bedrooms and 1 bath. These units are perfect for families or individuals seeking ample space and comfort. The garden unit is a cozy 1-bedroom, 1-bathroom space, ideal for a single tenant or a couple. With its own separate entrance, this unit offers privacy and tranquility. A standout feature of this property is the two and a half car garage, providing secure parking and additional storage space. Additionally, there are outdoor parking spaces available for residents and guests. The two main units are currently leased month to month with below market rents, but could be increased with renewed long term leases. All units have their own HVAC, water heaters and are separately metered for all utilites. Located in Niles, this property benefits from a convenient location with easy access to transportation, dining, shopping, and entertainment options. Take advantage of the nearby parks, recreational facilities, and community amenities that make Niles a desirable place to live. Whether you're an investor looking for a profitable venture or a homeowner interested in owning a multi-unit property, 8722 N Elmore provides an excellent opportunity. Don't miss out on the chance to add this promising property to your portfolio.
The median home value in Niles, IL is $369,750. This is higher than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Niles, IL is $369,750. Approximately 72.57% of Niles homes are owned, compared to 22.54% rented, while 4.89% are vacant. Niles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Niles real estate agent to arrange a tour today!
Niles, Illinois has a population of 30,971. Niles is more family-centric than the surrounding county with 36.34% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Niles, Illinois is $69,081. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Niles is 46.8 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 16.9 degrees. The average rainfall is approximately 36.1 inches per year, with 36 inches of snow per year.