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Multi Family Investment I 100% Occupancy 8047 W Foster Ln 5 Unit Apartment Building $1,275,519 CAD ($255,104 CAD/Unit) 5.27% Cap Rate Niles, IL 60714
Investment Highlights
- Family-Owned & Meticulously Maintained for over 43 years
- New Boiler Installed in 2024
- Value-Add Opportunity with below-market rents on select units
- 100% Occupied with stable rental income
Executive Summary
Well-maintained multifamily investment opportunity in desirable Niles, located on a quiet cul-de-sac adjacent to a public park. The property features four (4) 1-bedroom/1-bath units and one (1) 3-bedroom/2-bath unit, approximately 8.5 off-street parking spaces, coin laundry, tenant-paid electric, and a new furnace installed in 2024. Long-term ownership with strong rental history and rental upside. Seller is currently renting/operating the property as six (6) units.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,275,519 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $255,104 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.27% | Building Size | 4,029 SF |
| Gross Rent Multiplier | 11.54 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.99/1,000 SF |
| Zoning | R-4 | ||
| Price | $1,275,519 CAD |
| Price Per Unit | $255,104 CAD |
| Sale Type | Investment |
| Cap Rate | 5.27% |
| Gross Rent Multiplier | 11.54 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,029 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | R-4 |
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Den
- Family Room
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Basketball Court
- Bicycle Storage
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,444 CAD | 600 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 09-14-201-029-0000 | Total Assessment | $113,941 CAD (2025) |
| Land Assessment | $17,097 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $96,844 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
09-14-201-029-0000
Land Assessment
$17,097 CAD (2025)
Improvements Assessment
$96,844 CAD (2025)
Total Assessment
$113,941 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Multi Family Investment I 100% Occupancy | 8047 W Foster Ln
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