8409 N Milwaukee Avenue
Niles, IL 60714

Back on the market, you get a 2nd chance! Previous Buyer could not get financing. Great, meticulously maintained 6-unit building in a great location with many long-term tenants. The building is in the Milwaukee Ave corridor and has a new, covered, heated commuter bus stop steps from the front door. This building has four 2-bedroom units and two 1-bedroom units. The 2-bedroom units are on floors 1 and 2 and feature hardwood flooring (2 of the units have had the hardwood refinished). The 1-bedroom units are garden level units and feature tile flooring. Each unit has it's own storage locker and wall sleeve A/C unit. The building has a common laundry with a coin operated washer and dryer, which are new and are owned. Both garden level units have had their bathrooms updated and the cabinets refaced. The building has been recently replumbed on the hot water side with 1" to 1.5" copper pipe. Each unit has its own electric meter, tenants are responsible for their own electric bill. There are 6 parking spaces behind the building, one for each apartment. Each unit has a refrigerator and oven/range. The building has a central boiler, which provides heat to each apartment. Each apartment has it's own thermostat. The garden level apartments have radiant heat while the 1st and 2nd floor apartments have baseboard heat. There is also a central water heater which provides hot water to the entire building. Building is on a 3-year inspection rotation with the City of Niles. The most recent inspection was completed, and passed, in January of 2023. Building has new insulation and has had gutter guards installed. The garden level units have had all of their windows replaced, they are not the originals. The 1st and 2nd floor units have had their kitchen windows and living room double-hung windows replaced. The City of Niles installed new sewer lines, a new water main & shutoff, and a flood control system (maintained annually). There is also a water retention pond across the street. All units have 10 year CO and smoke detectors.