NOT LISTED FOR SALE

3400 Main St Skokie, IL 60076

North Skokie Neighborhood
-- Bed
12 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold May 28, 2021

Last sale price $825,000

28 Days on Market

Highlights

  • Baseboard Heating
  • Oliver Mccracken Middle School Rated A-
  • 5-minute walk to Harbert Payne Park

About This Home

As of May 2021

INVESTOR SPECIAL!! Here's your unique opportunity for a value-add neighborhood mixed-use building in Skokie with excellent visibility on Main Street! The property is located at the corner of Main Street and Kimball Avenue and consists of twelve (12) studio units each with exterior entrances, a common laundry room with washer and dryer and ten (10) surface parking spaces in the parking lot. Each unit is approximately 20' x 20'. This mixed use building currently is being leased as eight (8) residential units, one (1) for commercial use and three (3) are currently used for storage. Residential units are month to month. The age of the building is unknown, but the building was built in two parts with the newer half of the building being the northside (adjacent to the parking lot). New ownership has the opportunity to bring the leases to market rates in addition to seeking the appropriate approvals and/or variances from the Village of Skokie in order to use all twelve (12) units for residential or commercial purposes. There is HUGE potential to take this building/property to another income generating level! Being sold "As-Is, Where Is". Qualified buyers only!

Last Agent to Sell the Property

Shannon Hormanski

Baird & Warner License #475131773 Listed on: 04/09/2021

Baird & Warner

Last Buyer's Agent

Paul Fortman

@properties Christie's International Real Estate License #475125083

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,702

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 56'x125'x60'x125.1'

Parking

  • 6 to 12 Parking Spaces

Interior Spaces

  • 12 Bathrooms
  • 3-Story Property

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $1,413
  • Fuel Expense $2,300
  • Insurance Expense $2,318
  • Other Expense $1,042
  • Trash Expense $533
  • Water Sewer Expense $1,610
  • Operating Expense $23,918
  • Gross Income $79,920
  • Net Operating Income $56,002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,702

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family, Other
  • Property Sub-Type: Flats
  • Stories: 3
  • Built Before 1978 (Y/N): No
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Basement Description: None
  • Fireplaces: 1
  • Number of Washers: 1
  • Room: 0

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Separate Meters
  • Heat/Ventilation: Baseboard

Fee Information

  • Trash Expense: 533
  • Water Sewer Expenses: 1610
  • Operating Expense Includes: Maintenance Grounds,Snow Removal

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.16
  • Lot Dimensions: 56'X125'X60'X125.1'

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Month To Month

Multi Family

  • Net Operating Income: 56002
  • Fuel Expense: 2300
  • Insurance Expense: 2318
  • ElectricExpense: 1413
  • GrossIncome: 79920
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 23918
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 14702
  • Tax Year: 2019

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $825,000 -5.7% --
05/07/2021 05/07/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $875,000 0.0% --
04/27/2021 04/27/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $875,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Shannon Hormanski

    Seller's Agent in 2021

    Shannon Hormanski

    Baird Warner

    (630) 202-9494

    1 in this area

    74 Total Sales

    Shannon Hormanski
    Section Image
  • Paul Fortman

    Buyer's Agent in 2021

    Paul Fortman

    @ Properties

    (773) 987-6056

    1 in this area

    90 Total Sales

    Paul Fortman
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11049153

Midwest Real Estate Data (MRED)
Illinois Cook County Skokie 60076 North Skokie

3400 Main St, Skokie, IL

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