Essex Realty Group Brokers the Sale of a Multi-Family Building in Niles, IL
July 9, 2018 10:46 AM
8401-8407 Dempster St. is a 21-unit California style apartment building located in Niles. The unit mix includes seventeen (17) 1 Bd/1 Ba & four (4) 2 Bd/1 Ba units. The building has been owned by the same family for over 40 years and has been kept in phenomenal condition. The units include hardwood, tile and carpet floors, white appliances and hot water baseboard heat. The building also features twenty-one (21) private storage lockers and twenty-seven (27) exterior parking spaces.
The property is situated on the Southwest corner of Dempster St. and Cumberland Ave. and conveniently located within 2.0 miles from the Dee Road Metra Stations, 1.5 miles from the I-294 highway and 1 mile from Milwaukee Avenue allowing for easy access to the City, O'Hare and the surrounding suburbs.
Essex generated over 25 property tours and 10 competitive offers within one week of marketing.
The sale price was approximately $2,200,000.
Matt Welke and Matt Feo represented the seller and Brian Kochendorfer, Brian Karmowski, and Troy Beebe represented the buyer on the transaction.