7124 West Jarvis Avenue

Niles, IL 60714

$1,799,000
Price
15
Beds
9
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime Investment Opportunity in Niles! Welcome to your next savvy investment venture! Nestled in the heart of Niles, these three meticulously maintained 3-flat apartment buildings offer an unparalleled opportunity for seasoned investors and newcomers alike. All three buildings are solid, brick construction and contain well-appointed units that reflect pride of ownership. It's evident that these properties have been lovingly cared for and thoughtfully managed. Currently fully rented with stable leases...Prime Investment Opportunity in Niles! Welcome to your next savvy investment venture! Nestled in the heart of Niles, these three meticulously maintained 3-flat apartment buildings offer an unparalleled opportunity for seasoned investors and newcomers alike. All three buildings are solid, brick construction and contain well-appointed units that reflect pride of ownership. It's evident that these properties have been lovingly cared for and thoughtfully managed. Currently fully rented with stable leases in place, these buildings offer immediate cash flow and a solid return on investment. Tenants enjoy the convenience of well-maintained amenities, including ample parking, on-site laundry facilities, and peaceful outdoor spaces (a private park, without having to cross any streets). Located in the Niles West school district, residents benefit from easy access to local amenities, shopping centers, dining options, and public transportation, ensuring high demand and low vacancy rates. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a lucrative opportunity, this unique, three building package is the perfect addition to your real estate portfolio. Don't miss out on this rare chance to secure stable cash flow and long-term appreciation potential. Schedule your showing today and seize this investment gem!
  1. Listed by Daniel Richardson • Berkshire Hathaway HomeServices Starck Real Estate

Property Details for 7124 West Jarvis Avenue

Area
Niles
Num of Interior Fireplaces
0
Zoning
MULTI

Location

Listing Courtesy of Berkshire Hathaway HomeServices Starck Real Estate
Add your commute
LISTING UPDATED: 05/15/2024 12:07 AM

Property Details for 7124 West Jarvis Avenue

StatusActive
MLS #12049809
Days on Market12
Taxes$21,357 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1959
Lot Size0.62 AC / 27,000 SF
CountyCook County

Location

Listing Courtesy of Berkshire Hathaway HomeServices Starck Real Estate
Add your commute

Building Information for 7124 West Jarvis Avenue

Stories-Residences9Year Built1959Building Size-Lot Size0.62 AC / 27,000 SF

Payment Calculator

$11,598 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,818

Property Taxes

$1,780

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7124 West Jarvis Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 10.0
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • # Of Washers: 3
  • Heat/Ventilation: Central Heat/Indiv Controls,Radiators,Baseboard
  • # Of Window/Ac: 0
  • # Of Refrigerators: 9
  • # Of Dryers: 3
  • # Of Disposals: 0
  • Num of Baths: 9.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 27000 SQ FT
  • Lot Size Square Feet: 27000.0
  • Stories: 3
  • Construction: Brick
  • Lot Size Source: County Records
  • # Of Ranges: 9
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-05-08T16:47:59
  • Photos Count: 35
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Electric Expense: $67.00
  • Fuel Expense: $492.00
  • Gross Income: $119,400.00
  • Gross Scheduled Income: $119,400.00
  • Insurance Expense: $539.00
  • Maintenance Expense: $76.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2023
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 84
  • Net Operating Income Year: 2023
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 9950
  • Water Expense Source: Owner Projection
  • Net Operating Income: $55,000.00
  • Operating Expense: $64,457.00
  • Other Expense: $62.00
  • Trash Expense: $43.00
  • Water Sewer Expense: $262.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 7124 West Jarvis Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 7124 West Jarvis Avenue

This home is within Niles Twp Chsd 219 School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Clarence E Culver School
PublicPK to 8

Niles West High School
Public9 to 12

Niles Central
Public9 to 12

St. Juliana School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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7124 West Jarvis Avenue is a multi-family home for sale in Niles, IL 60714. This property was listed for sale on May 7, 2024 by Berkshire Hathaway HomeServices Starck Real Estate, it's currently listed at $1,799,000. This listing's school districts are Niles Twp Chsd 219 School District, Niles Esd 71 School District. Nearby schools include Clarence E Culver School, Niles West High School and Niles Central. 7124 West Jarvis Avenue is a 15-bed, 9-bath, multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices Starck Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 05/15/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.