Niles Six-Flat Investment Property I Turn Key

Highlights:

• Turnkey, stabilized 6-flat in prime Niles
• Unit mix: Five 2BR/1BA + one 1BR/1BA garden
• Recent upgrades: Roof & windows (2019)
• Newer boiler & water heater (~5 yrs)
• Tenant-friendly features with modern appliances
• Owned on-site laundry generates extra income
• Six off-street parking spaces included
• Excellent location near Milwaukee & Touhy
• High-demand submarket with $95K+ median incomes

Description:

6920 N Rosemary Lane 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.

6920 N Rosemary Lane is strategically located in the heart of Niles, just minutes off Milwaukee and Touhy Avenues, providing a balance of quiet residential surroundings with immediate access to major retail, dining, and service corridors. With over 23,000 vehicles daily on Milwaukee Avenue, the property benefits from strong visibility while still offering a neighborhood setting.

Commuters enjoy excellent connectivity: CTA bus routes run along Milwaukee Avenue, the Norwood Park and Edison Park Metra stations are only 5–6 minutes away, and both I-90 and I-94 are nearby for direct access to downtown Chicago and the suburbs. O’Hare International Airport is less than 8 miles away, making the property highly convenient for travel.

Niles is a proven, stable market with strong demographics, including median household incomes of over $95K within three miles. The area’s mix of residential neighborhoods, retail corridors, and employment hubs supports long-term tenant retention and reliable rent growth. This prime location positions the asset for consistent performance and investor upside.