7124 W Jarvis Avenue Niles, IL $ 1,799,000
7124 W Jarvis Avenue
$ 1,799,000
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7124 W Jarvis Avenue

Niles, IL, 60714
$ 1,799,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 11,957

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Multi-Family Home for sale in Niles, IL

for $1,799,000 with 3 bedrooms. This home was built in 1959 on a lot size of 0.619835.

**Prime Investment Opportunity in Niles!** Welcome to your next savvy investment venture! Nestled in the heart of Niles, these three meticulously maintained 3-flat apartment buildings offer an unparalleled opportunity for seasoned investors and newcomers alike. All three buildings are solid, brick construction and contain well-appointed units that reflect pride of ownership. It's evident that these properties have been lovingly cared for and thoughtfully managed. Currently fully rented with stable leases in place, these buildings offer immediate cash flow and a solid return on investment. Tenants enjoy the convenience of well-maintained amenities, including ample parking, on-site laundry facilities, and peaceful outdoor spaces (a private park, without having to cross any streets). Located in the Niles West school district, residents benefit from easy access to local amenities, shopping centers, dining options, and public transportation, ensuring high demand and low vacancy rates. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a lucrative opportunity, this unique, three building package is the perfect addition to your real estate portfolio. Don't miss out on this rare chance to secure stable cash flow and long-term appreciation potential. Schedule your showing today and seize this investment gem!

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Multi-Family Contingent

Price

$ 1,799,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 21,357

Style

Lot Size

0.619835

Year Built

1959

Town/City

Niles

County/Region

Cook

MLS | Web ID

12049809

Features
General
Cooling Window Unit(s)
Zoning MULTI
Construction Materials Brick
Year Built 1959
Tenant Pays Air Conditioning Electricity
Stories 3
Tax Year 2022
Gross Income 119400
County Cook
Net Operating Income 55000
Operating Expense 64457
Insurance Expense 539
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
Status Contingent
Directions From Touhy and Harlem North on Harlem to Jarvis East to properties.
City Niles
NumberOfUnitsTotal 9
MLS Area Niles
Lot Size Square Feet 27000
Street Name Jarvis
Tax Annual Amount 21357.3
Electric Expense 67
Fuel Expense 492
Trash Expense 43
Water Sewer Expense 262
Additional Parcels Y/N Y
Days on Market 25
Standard Status Active Under Contract
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Interior
Total Fireplaces 0
Street Suffix Avenue
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Exterior
Lot Dimensions 27000 SQ FT
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* Excluded Features
List By
Berkshire Hathaway Homeservices Starck Real Estate

Broker

dan.alan.richardson@gmail.com

Email

Affordability Calculator

$13,736
Per Month
87%
13%
0%
Monthly Principal & Interest
$11,957
Monthly Property Taxes
$1,780
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/8/2024$1,799,000 Listed Price

Map


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7124 W Jarvis Avenue, Niles, IL, 60714 is a Multi-Family Home for sale at $1,799,000 with a lot size of 0.619835. 7124 W Jarvis Avenue has 3 bedrooms, 0.0 baths, and was built in 1959. The property's zip code is 60714 which is in Niles, IL