$1,250,000

Estimated payment $8,070/month

Total Views 121,949
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Corner Lot
  • Laundry Room
  • Hot Water Heating System
  • Niles North High School Rated A+
  • Central Heating

About This Home

Exceptional multi-family property in the heart of Skokie, featuring five spacious 2-bedroom units, each thoughtfully designed with a separate living room, kitchen, dining area, & two bedrooms. Units feature kitchens with solid wood cabinetry & contemporary fixtures. Plenty of storage with coat closet, linen closet & pantry in each unit. Copper piping installed throughout building. Common area hallway floors recently sanded & stained with new carpeting installed. Basement with coin laundry, storage lockers, boiler, hot water tank & office. Two year old tear off roof, new gutters, Rain Bird sprinkler system. 5 exterior parking spaces. Beautifully landscaped. Walking distance to Skokie Swift & minutes to Old Orchard & I-94. With long-term tenants ensuring stable occupancy and tremendous potential for rent growth and property appreciation, this is a rare opportunity you don't want to miss.

Listing Agent

John Vodopic

Coldwell Banker Realty License #475143516 Listed on: 06/19/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,917

Year Built

  • Built in 1953

Lot Details

  • Lot Dimensions are 57 x 113
  • Corner Lot
  • Additional Parcels

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Laundry Room

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Hot Water Heating System

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $468
  • Fuel Expense $3,118
  • Insurance Expense $4,597
  • Trash Expense $654
  • Water Sewer Expense $1,566
  • Operating Expense $27,320
  • Gross Income $79,140
  • Net Operating Income $51,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,917

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1953
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished, Exterior Entry, Storage Space
  • Possible Use: Multi-Family
  • Misc Inside: Laundry Room
  • Fireplaces: 1
  • Refrigerators: 5
  • Ranges: 5
  • Number of Windows: 5
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 1250000

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Bldg Heat,Hot Water

Fee Information

  • Trash Expense: 654
  • Water Sewer Expenses: 1566
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 57 X 113
  • Zoning: MULTI
  • Land Amenities: Sidewalks

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: Sprinkler System,Storage/Locker Area

Multi Family

  • Net Operating Income: 51820
  • Fuel Expense: 3118
  • Insurance Expense: 4597
  • ElectricExpense: 468
  • GrossIncome: 79140
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 27320
  • Expense Year: 2024
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 16916.87
  • Tax Year: 2023

Map

Range of Values:

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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 Change Sq Ft Price
06/19/2025 06/19/25 For Sale $1,250,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12396309

Midwest Real Estate Data (MRED)

APN: 10-16-423-021