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8851 N Cumberland Avenue, Niles, IL 60714
$850,000
8851 N Cumberland Avenue, Niles, IL 60714View this property at 8851 N Cumberland Avenue, Niles, IL 60714
8851 N Cumberland AvenueNilesIL60714
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Property Description
Come check out this rarely available 6 unit apartment building! The property consists of (5) 2-beds / 1-bath and (1) 1-bed / 1-bath units. It is currently 100% occupied. There are 6 surface parking spaces and additional storage for tenants. Brand new coin operated Speed Queen washer and dryer. The hot water tank was replaced in 2019 and the boiler was replaced in 2007. The current rents are below market so there is significant rental upside. Excellent investment in the desired rental market of Niles!
Full Property Details
Full Property Details for 8851 N Cumberland Ave
General
- Sold For: $850,000
- Taxes: $16,939 (2022)
- Status: Closed
- Type: Commercial
- MLS ID: 11916299
- Added to Site: 192 day(s) ago
Location
- Area: Niles
- County: Cook
- Driving Directions: The Property is located on the east side of N Cumberland Ave just north of Dempster Street and just south of W Oak Ave.
Heating & Cooling
- Heating Type: Gas
Structural Information
- Exterior Const.: Vinyl Siding, Brick
- Stories/Levels: 2
- Year Built: 1965
- Built Before 1978: Yes
Unit Information
- # Dryers: 1
Lot Features
- Lot Dimensions: 55 x 185
Financial Considerations
- Operating Expenses: $32,320
- Assessment Year: 1965
- Tax Amount: $16,939
- Tax Year: 2022
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 9144080100000
Listed by Horvath & Tremblay IL, LLC
Sold by American International Realty
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Schools
Schools serving 8851 N Cumberland Ave
School Districts:East Maine School District 63, Maine Township High School District 207
Rating | Name | Grades | Distance |
---|---|---|---|
8955 N Greenwood Ave, Niles, IL 60714 | 5-8 | 0.2 mi | |
2601 Dempster St, Park Ridge, IL 60068 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8851 N Cumberland Ave
Date
Details
Price
Change
Source
1/10/2024
Sold
$850,000
-2.86%
MLS
10/25/2023
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.
8851 N Cumberland Avenue, Niles, IL 60714 (MLS# 11916299) is a Commercial property that was sold at $850,000 on January 10, 2024. Want to learn more about 8851 N Cumberland 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.