Niles Six-Flat Investment Property I Turn Key

6920 N Rosemary Ln, Niles, IL 60714

Property Information

  • For Sale $1,200,000
  • Property Type Multi-Family
  • Property Size 6,300 SF
  • Lot Size 8,293 Acre
  • # of Floors 2
  • Parking Spaces Avail. 6
  • Parking Ratio 1.00 / 1,000 SF
  • Year Built 1962
  • Year Renovated 2019
  • Date Updated Aug 22, 2026

Description

The Proano Commercial Group is pleased to present 6920 N Rosemary Lane which is a well-maintained, freestanding brick 6-flat in the heart of Niles, offering investors a stabilized, turnkey opportunity in a consistently strong suburban rental market. Located just off Milwaukee Avenue and minutes from public transportation, retail, dining, and major highways, the property benefits from excellent tenant demand and long-term market fundamentals. The building consists of five (5) two-bedroom / one-bath units and one (1) garden one-bedroom / one-bath unit, providing a practical and appealing unit mix that attracts a broad tenant base. Ownership has invested in key capital improvements, including a new roof (2019), vinyl windows (2019), a newer water heater and boiler (approx. 5 years old), and building-wide safety enhancements such as emergency lighting, fire extinguishers, and exit signage. These improvements reduce near-term capital expenditures and ensure operational efficiency.

Highlights

  • Age: Over 50 Years Old
  • Appliances: Dishwasher
  • Appliances: Double Oven
  • Appliances: Dryer
  • Appliances: Garbage Disposal
  • Appliances: Microwave
  • Appliances: Refrigerator
  • Appliances: Washer
  • Area Description: Suburban
  • Body of Water: Lake
  • Community Type: Adult
  • Cooling: Wall Unit A/C
  • Exterior Description: Brick
  • Lot Size: Under 1/2 Acre
  • Sewer: City
  • Turnkey, stabilized 6-flat in prime NilesUnit mix: Five 2BR/1BA + one 1BR/1BA gardenRecent upgrades: Roof & windows (2019)Newer boiler & water heater (5 yrs)Tenant-friendly features with modern appliancesOwned on-site laundry generates extra incomeSix off-street parking spaces incl...
  • Water: City Water

Contacts

Location

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