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$875,000 Just Listed
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Property Description
6 Flat With All 1 Bedroom Units. Very Low Rents Due To Long Term Tenants. New Roof, Newer Windows and Recent Tuckpoint. Tenants Pay Their Own Cooking Gas. Great Residential Neighborhood With Single Family Homes Behinf The Building. Plenty Of Extra Parking On Milwaukee. One Tenant Behind in Rent.
Full Property Details
Full Property Details for 8509 N Milwaukee Ave
General
- Price: $875,000
- Taxes: $18,175 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12598052
- Updated: 4/6/2026
- Added to Site: 1 day(s) ago
Location
- Area: Niles
- County: Cook
- Township: Maine
- Driving Directions: MILWAUKEE ONE BLOCK NORTH OF MAIN
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Central Building Heat
Utilities
- Trash: 1160
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 4,928
- Year Built: 1961
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 1
Lot Features
- Lot Dimensions: 5875
- Zoning: OTHER
Financial Considerations
- Insurance Fee: $4,195
- Operating Expenses: $29,718
- Assessment Year: 1961
- Tax Amount: $18,175
- Tax Year: 2024
- Tenant Pays: Electricity, Other
- Pays Electric: 349
- Pays Trash: 1160
Disclosures and Reports
- Property ID: 9241070450000
Listed by RE/MAX City
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Schools
Schools serving 8509 N Milwaukee Ave
School Districts:East Maine School District 63, Maine Township High School District 207
| Name | Grades | Distance |
|---|---|---|
V H Nelson Elementary School 8901 North Ozanam Avenue, Niles, IL 60714 | K-5 | 0.5 mi |
Gemini Middle School 8955 North Greenwood Avenue, Niles, IL 60714 | 6-8 | 1 mi |
Maine East High School 2601 Dempster St, Park Ridge, IL 60068 | 9-12 | 1.9 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 8509 N Milwaukee Ave
Date
Details
Price
Change
Source
4/06/2026
Listed
$875,000
—
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 8509 N Milwaukee Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$17,524
3%
$68,013
-4%
2022
$17,091
19%
$70,625
43%
2021
$14,340
—
$49,418
-6%
2020
$14,393
-1%
$52,451
-13%
2019
$14,527
2%
$60,289
13%
2018
$14,187
1%
$53,196
—
2017
$14,047
-4%
$53,196
-10%
2016
$14,621
6%
$59,339
16%
2015
$13,764
9%
$51,169
—
2014
$12,612
7%
$51,169
5%
2013
$11,795
-7%
$48,780
-18%
2012
$12,656
—
$59,323
—
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 8509 N Milwaukee Ave
8509 N Milwaukee Avenue, Niles, IL 60714 (MLS# 12598052) is a Commercial property. 8509 N Milwaukee Avenue is currently listed for $875,000 and was received on April 06, 2026. Want to learn more about 8509 N Milwaukee Avenue? Do you have questions about finding other Commercial real estate for sale in Niles? You can browse all Niles real estate or contact a Coldwell Banker agent to request more information.

