UNDER CONTRACT – MULTI-FAMILY
9448 Washington Street Niles, IL 60714
PRICE
Call for details
NUMBER OF UNITS
10
PROPERTY LISTED

Essex Realty Group has been exclusively engaged to market for sale 9448 Washington St, a ten-unit (10) apartment building located in the near north suburb of Niles, Illinois. The property is situated in a unique location that is ideal for tenants as it's steps away from Courtland Park, close to retail and public transportation. The property has been well-maintained and has been under the same ownership for nearly 20 years.

The building's unit-mix consists of eight (8) 2bd/1.5Ba, one (1) 2Bd/1Ba, and one (1) 1Bd/1Ba apartments with spacious floor plans. All units are in original condition and feature a mix of hardwood, carpet, and tile flooring. Each unit has an individual furnace and hot water heater; tenants provide their own window air-conditioning units. Recent updates to the building include refurbished front porches, new rear porches, and a new blacktop parking lot with eleven (11) parking spaces.

This is a low-maintenance property with manageable expenses. The subject property rents are far below the market based upon comparable properties in the area. Through a more aggressive leasing approach and modest updates, rents could be significantly increased.

LOCATION DETAILS

Niles is a village in Cook County, Illinois, and is part of the Maine and Niles Township. The Suburb is bordered by Chicago to the South, Skokie to the East, Park Ridge to the Southwest, and Glenview to the North. The property is located just South of Golf Rd. and is in close proximity to the I-294, making it convenient for residents to commute to Chicago and neighboring suburbs.

The subject property is conveniently located near many retailers and shopping centers on Golf Rd and Milwaukee Ave. Golf Mill and Millbrook shopping centers are within walking distance of the property, and both consist of a variety of retailers, restaurants, and entertainment facilities. Apart from residents being able to grocery shop nearby, they can enjoy dining at a variety of restaurants such as; Tita Mia's Filipino Restaurant and Cafe, Arvin Restaurant, DMZ Restaurant and Bar, and Taco Maya. Additionally, this intersection of Golf Rd and Milwaukee Ave provides residents with everything from Walmart, Kohl's, JCPenney's, Export fitness, and AMC Movie theater.

HIGHLIGHTS
  • The building features ten (10) large apartment units with an attractive unit mix that consists of eight (8) 2bd/1.5Ba, one (1) 2Bd/1Ba, and one (1) 1Bd/1Ba apartments.
  • Significantly under market rents.
  • Excellent location that is ideal for tenants as it steps away from Courtland Park, close public transportation, and walking distance to Golf Mill and Millbrook shopping centers.
  • The property is low-maintenance with manageable expenses. Each unit has an individual furnace and hot water heater. Ownership has held the property for nearly 20 years.
LISTING BROKERS
Anthony Citriglia
Director
773.305.4844
Brian Karmowski
Director
773.305.4892