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$399,900 Just Listed
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Property Description
Corner home ready for rehab with good bones in the highly desirable Park Ridge/Niles School Districts. Owners of 39 yrs say it's time to sell. This property features NEW ROOF in November 2025, hardwood floors throughout and offers endless potential for renovation or redevelopment. Bring your ideas and vision to transform this home. Generous outdoor space thanks to the oversized lot. Excellent opportunity for investors, rehabbers, or builders. Finished basement has a second bath. PROPERTY SOLD AS IS.
Full Property Details
Full Property Details for 8501 W North Terrace
General
- Price: $399,900
- Taxes: $9,841 (2024)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12597273
- Updated: 3/20/2026
- Added to Site: 1 day(s) ago
Interior
- Basement: Finished, F
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Basement Baths: Yes
Bedrooms
- Total Bedrooms: 3
Parking
- Total Spaces: 2
- Parking Features: Yes
Location
- Area: Niles
- County: Cook
- Township: Maine
- Driving Directions: Dempster to Greenwood south to North Terrace Eat to 8501.
School Information
- School District: 64
- Elem School District: 64
- Midd School District: 64
- High School District: 207
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Full, Walk-Out Access
- Square Feet: 1,440
- Sq. Ft. Source: Estimated
- Year Built: 1960
- Built Before 1978: Yes
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 53 x 119
Financial Considerations
- Assessment Year: 1960
- Tax Amount: $9,841
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 9233250050000
Listed by Living 312 Realty LLC
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Schools
Schools serving 8501 W North Terrace
School Districts:Park Ridge Consolidated Community School District 64, Maine Township High School District 207
| Name | Grades | Distance |
|---|---|---|
Eugene Field Elementary School, Park Ridge, IL 707 Wisner Street, Park Ridge, IL 60068 | K-5 | 0.9 mi |
Emerson Middle School, Niles, IL 8101 North Cumberland Avenue, Niles, IL 60714 | 6-8 | 0.3 mi |
Maine East High School 2601 Dempster St, Park Ridge, IL 60068 | 9-12 | 1.2 mi |
Maine South High School 1111 South Dee Road, Park Ridge, IL 60068 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8501 W North Terrace
Date
Details
Price
Change
Source
3/20/2026
Listed
$399,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8501 W North Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,841
92%
$40,999
—
2022
$5,122
-12%
$40,999
48%
2021
$5,849
15%
$27,649
—
2020
$5,090
2%
$27,649
-21%
2019
$5,012
-33%
$34,999
17%
2018
$7,492
1%
$29,909
—
2017
$7,431
25%
$29,909
—
2016
$5,938
-14%
$29,909
6%
2015
$6,892
-5%
$28,105
—
2014
$7,255
3%
$28,105
—
2013
$7,040
—
$28,105
-12%
2012
$7,030
—
$32,005
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8501 W North Terrace
8501 W North Terrace, Niles, IL 60714 (MLS# 12597273) is a Single Family property with 3 bedrooms and 2 full bathrooms. 8501 W North Terrace is currently listed for $399,900 and was received on March 20, 2026. Want to learn more about 8501 W North Terrace? Do you have questions about finding other Single Family real estate for sale in Niles? You can browse all Niles real estate or contact a Coldwell Banker agent to request more information.

