This well-maintained, six-unit multifamily building presents investors with a rare opportunity to acquire a stabilized asset in the highly desirable Village of Niles. Tucked away at the end of a quiet cul-de-sac adjacent to a public park, the property offers an attractive residential setting with convenient access to shopping, dining, public transportation, major expressways, and O'Hare International Airport. The building features six (6) one-bedroom, one-bath apartments with a strong rental history and value-add potential through below-market rents on select units. Ownership has meticulously maintained the property for over 43 years, completing routine capital improvements including a new furnace in 2024 and regularly seal-coating the roof every three years. Additional amenities include approximately 8.5 off-street parking spaces, on-site coin laundry providing supplemental income, and tenant-paid electric, helping to minimize operating expenses. This is an excellent opportunity for investors seeking a well-maintained, income-producing asset in one of Chicago's most soughtafter suburban rental markets.

Based on information submitted to MRED as of July 24, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Name

Your Email Address

Phone

Message Send me the deed for 8047 West Foster Lane Niles IL 60714 (ID#:12705081)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message Send me the survey or tax map for 8047 West Foster Lane Niles IL 60714 (ID#:12705081)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message I would like more information for 8047 West Foster Lane Niles IL 60714 (ID#:12705081)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Listing Tools

Property Details of 8047 West Foster Lane

Property Details

Basic Information

Building

Location

Utilities and Appliances

Utilities and Appliances

Other Details

Finance

Map Location

Driving Directions

4 Sale Realty Advantage LLC

Listing Tools

$/month over payments

Hi there! How can we help you?

Send to a friend

Property Details of 8047 West Foster Lane

Property Details

Basic Information

Building

Location

Utilities and Appliances

Utilities and Appliances

Other Details

Finance

Map Location

Driving Directions

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

4 Sale Realty Advantage LLC