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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Tony Ciancanelli

Tony Ciancanelli

+1(708) 670-6334
$ 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 

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    George Washington Elementary School

    Public | KG - 5

  • 10

    Norwood Park Elementary School

    Public | KG - 8

  • 9

    Oriole Park Elementary School

    Public | PK - 8

  • 9

    Ebinger Elementary School

    Public | KG - 8

  • 9

    Hynes Elementary School

    Public | PK - 4

  • 9

    Golf Middle School

    Public | 5 - 8

  • 9

    Onahan Elementary School

    Public | PK - 8

  • 9

    Wildwood Elementary School

    Public | KG - 8

  • 9

    Edgebrook Elementary School

    Public | KG - 8

  • 9

    Fairview South Elementary School

    Public | PK - 8

  • 8

    Dirksen Elementary School

    Public | PK - 8

  • 8

    Pennoyer Elementary School

    Public | PK - 8

  • 8

    Theodore Roosevelt Elementary School

    Public | KG - 5

  • 8

    Eugene Field Elementary School

    Public | KG - 5

  • 8

    Melzer School

    Public | PK - 6

  • 8

    Edison Park Elementary School

    Public | PK - 8

  • 7

    Washington Elementary School

    Public | PK - 6

  • 7

    Hoffman Elementary School

    Public | 3 - 5

  • 7

    Clarence E Culver School

    Public | PK - 8

  • 7

    Garvy Elementary School

    Public | PK - 8

Middle Schools 6
  • 8

    Lincoln Middle School

    Public | 6 - 8

  • 8

    Emerson Middle School

    Public | 6 - 8

  • 6

    Gemini Jr High School

    Public | 7 - 8

  • 0

    Joseph Academy

    Private | 8 - 12

  • 0

    Northridge Preparatory School

    Private | 6 - 12

  • 0

    Newhope Academy

    Private | 7 - 12

High Schools 8
  • 10

    Niles West High School

    Public | 9 - 12

  • 8

    Taft High School

    Public | 9 - 12

  • 0

    Notre Dame College Preparatory

    Private | 9 - 12

  • 0

    Resurrection College Preparatory High School

    Private | 9 - 12

  • 0

    Ombudsman Chicago Northwest High School

    Public | 9 - 12

  • 0

    Ombudsman Chicago South High School

    Public | 9 - 12

  • 0

    Niles Central

    Public | 9 - 12

  • 0

    Fasman Yeshiva High School

    Private | 9 - 12

School and business data provided by Attom Data.
Tony Ciancanelli

Helping buyers and sellers move with convidence 

+1(708) 670-6334

tony.ciancanelli@exprealty.com

1000 Essington Rd, Joliet, IL, 60435-2841, USA

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7554 N Waukegan RD