7554 N Waukegan Rd

$1,475,000
Price
17
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fantastic opportunity to own a well-maintained 9-unit building in a prime Niles location! Situated near major shopping corridors, public transportation, parks, restaurants, and essential amenities, this property offers both convenience and strong tenant appeal. The building is occupied by long-term tenants and provides outstanding upside potential, with current rents well below market. Extensive building improvements deliver peace of mind for investors. Roof and gutters were replaced in 2020, new...Fantastic opportunity to own a well-maintained 9-unit building in a prime Niles location! Situated near major shopping corridors, public transportation, parks, restaurants, and essential amenities, this property offers both convenience and strong tenant appeal. The building is occupied by long-term tenants and provides outstanding upside potential, with current rents well below market. Extensive building improvements deliver peace of mind for investors. Roof and gutters were replaced in 2020, new copper plumbing lines were installed in 2020, and windows were updated in 2019. Electrical upgrades include building-wide panel work and an individual breaker box for Unit 2W completed in 2018. A newer water heater further enhances the mechanical reliability. Interior features include hardwood floors throughout all units and individual storage lockers for each apartment. The shared laundry room offers coin-operated machines, with the washer recently replaced. Unit 1C underwent a complete renovation in 2021 and presents beautifully. Heating is provided by baseboard heat in all units, while Unit 2W features a split AC/heat system installed in 2019, with the tenant paying for heat. Eight on-site parking spaces offer additional convenience and rental appeal. With its excellent location, solid building improvements, long-term tenant base, and clear value-add potential, this property represents a dependable and compelling investment in a high-demand rental market.
  1. Listed by Yvonne Stachyra • Wesley Realty Group
    P: (847)-652-1944 ystachyra@wesleyrealty.com

Property Details for 7554 North Waukegan Road

Area
Niles
Num of Interior Fireplaces
0
LISTING UPDATED: 12/03/2025 04:32 PM

Property Details for 7554 North Waukegan Road

StatusNew
MLS #12524774
Days on Market4
Taxes$13,061 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Courtyard
Year Built1964
Lot Size0.18 AC / 7,840 SF
CountyCook County

Location

Listing Courtesy of Wesley Realty Group
Add your commute

Building Information for 7554 North Waukegan Road

Stories3Residences9Year Built1964Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$8,377 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,289

Property Taxes

$1,088

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7554 North Waukegan Road

General Information
Location and General Information
  • Information: List Broker Must Accompany,Other-See Remarks,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • # Of Washers: 1
  • Heat/Ventilation: Radiators
  • # Of Refrigerators: 9
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • # Of Disposals: 0
  • # Of Dishwashers: 1
  • Num of Baths: 9.0
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Courtyard
  • Lot Dimensions: 7,800 sq ft
  • Stories: 3
  • # Of Ranges: 9
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 14
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Electric Expense: $616.00
  • Fuel Expense: $2,880.00
  • Gross Income: $153,744.00
  • Gross Scheduled Income: $153,744.00
  • Insurance Expense: $8,178.00
  • Maintenance Expense: $1,150.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Trash Expense Source: Actual
  • Total Monthly Income: 12500
  • Water Expense Source: Actual
  • Net Operating Income: $120,351.00
  • Operating Expense: $33,393.00
  • Other Expense: $.00
  • Trash Expense: $1,601.00
  • Water Sewer Expense: $5,747.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 8
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 7554 North Waukegan Road

DateEvent & SourcePriceAppreciation
Dec 1, 2025

Listed (Active)

MRED #12524774

$1,475,000
May 29, 2009

Sold

MRED #07159042

$815,000
May 2, 2009

Pending

MRED #07159042

Mar 20, 2009

Listed (Active)

MRED #07159042

$859,000
Mar 12, 2009

Cancelled

MRED #07028163

$859,000
Nov 13, 2008

Listed (Active)

MRED #07028163

$899,500
Sep 19, 2008

Cancelled

MRED #06934323

$998,000
DateEvent & SourcePrice
12/01/2025

Listed (Active)

MRED #12524774

$1,475,000
05/29/2009

Sold

MRED #07159042

$815,000
05/02/2009

Pending

MRED #07159042

03/20/2009

Listed (Active)

MRED #07159042

$859,000
03/12/2009

Cancelled

MRED #07028163

$859,000
11/13/2008

Listed (Active)

MRED #07028163

$899,500
09/19/2008

Cancelled

MRED #06934323

$998,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7554 North Waukegan Road

Taxable ValueLand$9,785Additions$33,213Total$42,998
Tax Record2018$10,030 ($836 / month)
Home Facts
Lot Size8,874 SqFtStyleMulti-Family Res (5+ Units)CountyCOOKAPN10303260200000

Schools near 7554 North Waukegan Road

This home is within Niles Twp Chsd 219 School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Private - PK to 10
Rating
School
Distance
Clarence E Culver School
PublicPK to 8

Niles Central
Public9 to 12

Niles West High School
Public9 to 12

St Bernadettes School For Spec Educ
PrivatePK to 10

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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7554 North Waukegan Road is a multi-family home for sale in Niles, IL 60714. This property was listed for sale on December 1, 2025 by Wesley Realty Group, it's currently listed at $1,475,000. It has been on the market for a total of 4 days and was last sold on May 29, 2009. This listing's school districts are Niles Twp Chsd 219 School District, Niles Esd 71 School District. Nearby schools include Clarence E Culver School, Niles Central and Niles West High School. 7554 North Waukegan Road is a 17-bed, 9-bath, multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Wesley Realty Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/03/2025 04:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.