8861 North Cumberland Avenue, Niles, IL, 60714

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Income producing 6 Unit building in prime location of Niles. Always easy to rent, long term tenants and all utilities separately metered (even he gas meters). Owner installed a $15k sewer system to keep all ground floor units dry. Owner has done everything to make this investment as arm chair as possible. Two newly remodeled bathrooms. Several units with new floors and tiling, and building is in great shape. The building produces over $63k a year in gross income. Perfect low maintenance multi-family investment. Will not last long.

Midwest Real Estate Data LLC #: 09093000

Listing Courtesy of Main Street Real Estate Group

Property Details for 8861 North Cumberland Avenue, Niles, IL 60714

Property Status:	Sold	Sold Date:	04/07/2016
Property Type:	Multi Family 5+ Units	List Price:	$600,000
Sold Price:	$582,500	Area:	Niles
County:	Cook	Zip:	60714
Taxes:	$11,859	Tax Year:	2014
Full Baths:	0	Total Bathrooms:	0
Year Built:	1965	Parking Spaces:	6

MLS #:	09093000	Acres:	0.23
Property Sub Type:	Multi Family 5+	Approximate Age:	36-50 Years
# Of Parking Spaces:	6	Scavenger Expense:	$1,100
Seller Concessions:	Yes	Short Sale:	Not Applicable
Total Monthly Income:	$63,000	Zoning Type:	MULTI
# Of Stories:	3	Total Annual Exp:	18500
Built Before 1978?:	Yes	Tenant Pays:	Air Conditioning,Electric,Heat,Other
Township:	NILES	Tax Year:	2014
Unincorporated?:	No	# Of Units:	6
Water Expense:	$3,600	Approx Year Built:	1965
# Of Units Apt. Type 1:	5	# Of Bdrms Type 1:	2
Monthly Income Type 1:	$770	Monthly Income Max Type 1:	$865
# Of Rooms Type 1:	4	# Of Units Apt. Type 2:	1
# Of Bdrms Type 2:	1	Monthly Income Type 2:	$725
Monthly Income Max Type 2:	$725	# Of Rooms Type 2:	3
# Of Units Apt. Type 3:	0	# Of Bdrms Type 3:	0
# Of Rooms Type 3:	0	# Of Units Apt. Type 4:	0
# Of Bdrms Type 4:	0	# Of Rooms Type 4:	0
# Of Units Apt. Type 5:	0	# Of Bdrms Type 5:	0
# Of Rooms Type 5:	0	# Of Units Apt. Type 6:	0
# Of Bdrms Type 6:	0	# Of Rooms Type 6:	0
# Of Units Apt. Type 7:	0	# Of Bdrms Type 7:	0
# Of Rooms Type 7:	0	Cap Rate (%):	8
Lot Dimensions:	50X125	Directions:	North of Dempster and West of Milwaukee
Electricity Expense:	240	Exterior Building Type:	Brick
Gross Rental Income $:	$63,000	Gross Rent Multiplier:	9.76
Total Annual Income:	$63,000	Heat/Ventilation:	Gas
Information:	48-Hr Notice Required,No Sign on Property	Insurance Expense:	$2,000
Net Oper Income $:	$44,500	Original List Price:	$615,000

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8861 North Cumberland Avenue Niles IL 60714

$582,500 - - 132 Days on Market

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