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
  • 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 May 16, 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 AC
  • Exterior Description Brick
  • Lot Size Under 12 Acre
  • Sewer City
  • Turnkey stabilized 6flat in prime NilesUnit mix Five 2BR1BA one 1BR1BA gardenRecent upgrades Roof windows (2019)Newer boiler water heater (5 yrs)Tenantfriendly features with modern appliancesOwned onsite laundry generates extra incomeSix offstreet parking spaces incl...
  • Water City Water

Contacts

Paul Proano

Coldwell Banker Realty

Location

Contact Listing Broker
Paul Proano

Coldwell Banker Realty

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