Niles, IL 60714,7554 N Waukegan RD
Niles, IL 60714,7554 N Waukegan RD
Niles, IL 60714,7554 N Waukegan RD
Niles, IL 60714,7554 N Waukegan RD
Niles, IL 60714,7554 N Waukegan RD
Niles, IL 60714,7554 N Waukegan RD
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Sara Latta-Young

Sara Latta-Young

+1(815) 685-5090
$ 1,475,000
Est. payment | /mo

7,840 Sqft Lot

Save
$ 1,475,000
Est. payment | /mo
Save

7,840 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12524774

Maintenance Fees $1,150

Year Built 1964

Annual Tax Amount $13,061

Tax Year 2024

Lot Size 7,840 Sqft

Lot Dimensions 7,800 sq ft

Property Sub-Type Multi Family 5+

Property Description

Fantastic opportunity to own a well-maintained 9-unit building in a prime Niles location! Situated near major shopping corridors, public transportation, parks, restaurants, and essential amenities, this property offers both convenience and strong tenant appeal. The building is occupied by long-term tenants and provides outstanding upside potential, with current rents well below market. Extensive building improvements deliver peace of mind for investors. Roof and gutters were replaced in 2020, new copper plumbing lines were installed in 2020, and windows were updated in 2019. Electrical upgrades include building-wide panel work and an individual breaker box for Unit 2W completed in 2018. A newer water heater further enhances the mechanical reliability. Interior features include hardwood floors throughout all units and individual storage lockers for each apartment. The shared laundry room offers coin-operated machines, with the washer recently replaced. Unit 1C underwent a complete renovation in 2021 and presents beautifully. Heating is provided by baseboard heat in all units, while Unit 2W features a split AC/heat system installed in 2019, with the tenant paying for heat. Eight on-site parking spaces offer additional convenience and rental appeal. With its excellent location, solid building improvements, long-term tenant base, and clear value-add potential, this property represents a dependable and compelling investment in a high-demand rental market.

Location

State IL

County Cook

Area Niles

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Yvonne Stachyra of  Wesley Realty Group 

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Sara Latta-Young

+1(815) 685-5090

saralattayoung@gmail.com

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7554 N Waukegan RD

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