8047 W Foster Lane Niles, IL ^$ 899,900

8047 W Foster Lane

^$ 899,900

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8047 W Foster Lane

Niles, IL, 60714

^$ 899,900

Bedrooms4 Baths0.0 Sq 4,029

Monthly Estimate*

^$ 5,682

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Multi-Family Home for sale in Niles, IL

for $899,900 with 4 bedrooms. This 4,029 square foot home was built in 1965 on a lot size of 0.225964.

Well-maintained multifamily investment opportunity in desirable Niles, located on a quiet cul-de-sac adjacent to a public park. The property features four (4) 1-bedroom/1-bath units and one (1) 3-bedroom/2-bath unit, approximately 8.5 off-street parking spaces, coin laundry, tenant-paid electric, and a new furnace installed in 2024. Long-term ownership with strong rental history and rental upside. Seller is currently renting/operating the property as six (6) units.

Multi-Family Contingent

Price

^$ 899,900

Bedrooms

Property Type

Multi-Family

Taxes

^$ 17,092

Style

Multi-Family

Lot Size

0.225964

Year Built

1965

Town/City

Niles

County/Region

Cook

MLS | Web ID

12705081

Features

General

Cooling Window Unit(s)

Roof Tar/Gravel

Zoning MULTI

Construction Materials Brick

Year Built 1965

Electric Separate Meters

Tenant Pays Electricity

Stories Count 2

Tax Year 2025

Current Use Multi-Family

Gross Income 80160

County Cook

Net Operating Income 48766

Operating Expense 29388

Insurance Expense 3767

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

MaintenanceExpense 1500

Status Contingent

Directions South of Golf & West of Washington to Foster Lane. Building closest to park space.

City Niles

Number Of Units Total 5

MLS Area Niles

Lot Size Square Feet 9843

Tax Annual Amount 17092

Electric Expense 726

Fuel Expense 2588

Trash Expense 1100

Water Sewer Expense 2615

Additional Parcels Y/N N

Standard Status Active Under Contract

Cap Rate 5.27

Exterior

Building Area Total 4029

Lot Dimensions 126x57x132x97

* Excluded Features

List By

Coldwell Banker Commercial Nrt

Broker

paul@paulproanoproperties.com;paul@paulproanoproperties.com

Affordability Calculator

$7,106

Per Month

Monthly Principal & Interest: $5,682
Monthly Property Taxes: $1,424
Monthly Home Insurance: --

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Loan Term

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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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Nearby

Trends
Schools

Multi-family listings in Niles, IL

Average List Price ^$647,450

Percent of Sale Price 28%

About Niles, IL

29,486 Population

-2% Since 2002

^$56,156 Median Income

47.62 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/8/2026	$899,900	-2.71%	Price Down
7/23/2026	$925,000		Listed Price

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8047 W Foster Lane, Niles, IL, 60714 is a Multi-Family Home for sale at $899,900 with 4,029 sqft and a lot size of 0.225964. 8047 W Foster Lane has 4 bedrooms, 0.0 baths, and was built in 1965. The property's zip code is 60714 which is in Niles, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 9/30/2026.

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8047 W Foster Lane

Multi-Family Home for sale in Niles, IL

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