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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 1,599,000

Est. payment | -/mo

Save

$ 1,599,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12712657

Maintenance Fees $2,365

Year Built 1955

Annual Tax Amount $15,962

Tax Year 2024

Lot Dimensions 47 X 120

Property Sub-Type Multi Family 5+

Property Description

The Only 6-Unit Multifamily Asset Currently Available in Skokie offering investors a rare opportunity to acquire a well-positioned building in a highly desirable submarket. Unique Unit Mix Featuring 14 Total Bedrooms, allowing for stronger rental income potential compared to typical multifamily properties in the area. Highly Desirable Corner Location providing abundant natural light throughout all units and enhancing tenant appeal. Exceptionally Well-Maintained Property, with mostly updated units and clean, professionally maintained common areas that minimize near-term capital expenditures. Excellent Value-Add Opportunity, with rents positioned below market and a clear path to increase income based on current market conditions and comparable in-house leasing data. Strong Upside Potential through strategic rent growth while benefiting from the property's attractive unit configuration and sought-after Skokie location.

Location

State IL

County Cook

Area Skokie

Interior

Cooling Window Unit(s)

Fireplace N

Building

Dwelling Type Multi Family 5+

Listed by Ian Luscombe of Chicago Real Estate Resources

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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4936 Greenwood ST Skokie, IL 60077