Berkshire Hathaway HomeServices Acquires Niles Multifamily For $1.5M

Located at 8637 & 8513 N Milwaukee Avenue in Niles, this multifamily property was recently sold for $1,500,000. The transaction took place on 05/25/2022. The property consists of two buildings with a total of 12 units, offering a price per unit of $125,000. The total square footage of the property is 12,000, resulting in a price per square foot of $125. This sale set a new record for the highest sale prices in the area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,500,000
• Units: 12
• Price per Unit: $125,000
• Square Footage: 12,000
• Price per Square Foot: $125
• Market: Niles

This successful sale was facilitated by broker Ioannis Ress, representing Berkshire Hathaway HomeServices Chicago. Multiple offers were received for this property, highlighting its desirability in the market.

For more information about this property or other real estate opportunities, contact Ioannis Ress at 773.818.5536 or email [email protected]. Visit the website BHHSChicago.com/Ioannis-Ress for additional listings and resources.