4831 Wright Terrace Skokie, IL 60077
Southwest Skokie NeighborhoodEstimated payment $4,725/month
Highlights
- 2 Car Detached Garage
- Madison Elementary School Rated A-
- 2-minute walk to Lee Wright Park
About This Home
A rare opportunity to own a renovated brick 2-flat. Live in one unit, rent the other, and let your tenants cover some of your expenses. If you are an investor seeking strong cash flow, this property delivers both lifestyle and financial value. The first and second floor units each offer three spacious bedrooms, generously sized living rooms, and separate dining areas - an inviting layout perfect for everyday living and entertaining. Both units have been upgraded with cherry kitchen cabinets, stainless steel appliances, and granite countertops, along with beautifully refreshed bathrooms and rich hardwood floors throughout, adding warmth and character to every room. The lower level has been transformed into a versatile in-law suite, featuring two bedrooms, a full bathroom, a living room, and a dedicated laundry room designed for both comfort and flexibility. Ideally situated just outside the city, the property offers easy access to public transportation, shopping, and everyday conveniences. A park directly behind the property provides a peaceful, natural backdrop, a welcome retreat from the pace of city life. This is a rare find that combines classic charm, modern finishes, and exceptional income potential. Schedule your showing today because opportunities like this don't last long.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,723
Year Built
- Built in 1927
Parking
- 2 Car Detached Garage
- Parking Available
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 1 Bathroom
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 30x124
- Radiant Heating System
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,723 | $61,000 | $5,766 | $55,234 |
| 2024 | $13,723 | $44,000 | $4,836 | $39,164 |
| 2023 | $13,716 | $44,000 | $4,836 | $39,164 |
| 2022 | $13,716 | $44,000 | $4,836 | $39,164 |
| 2021 | $12,188 | $33,654 | $2,976 | $30,678 |
| 2020 | $12,102 | $33,654 | $2,976 | $30,678 |
| 2019 | $12,435 | $38,683 | $2,976 | $35,707 |
| 2018 | $10,815 | $30,207 | $2,697 | $27,510 |
| 2017 | $11,788 | $32,779 | $2,697 | $30,082 |
| 2016 | $11,107 | $32,779 | $2,697 | $30,082 |
| 2015 | $9,932 | $27,815 | $2,325 | $25,490 |
| 2014 | $8,812 | $27,815 | $2,325 | $25,490 |
| 2013 | $8,909 | $27,815 | $2,325 | $25,490 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/25/2026 08/25/26 | For Sale | $649,000 | +8.2% | -- | |
| 05/07/2024 05/07/24 | Sold | $600,000 | 0.0% | -- | View Prior Sale |
| 04/30/2024 04/30/24 | Off Market | $600,000 | -- | -- | |
| 04/05/2024 04/05/24 | Off Market | $600,000 | -- | -- | |
| 03/01/2024 03/01/24 | Pending | -- | -- | -- | |
| 02/25/2024 02/25/24 | Pending | -- | -- | -- | |
| 01/23/2024 01/23/24 | For Sale | $600,000 | +21.5% | -- | |
| 03/04/2022 03/04/22 | Sold | $494,000 | +1.0% | -- | View Prior Sale |
| 12/15/2021 12/15/21 | Pending | -- | -- | -- | |
| 12/01/2021 12/01/21 | For Sale | $489,000 | 0.0% | -- | |
| 12/15/2017 12/15/17 | Rented | $1,540 | +4.4% | -- | |
| 12/05/2017 12/05/17 | For Rent | $1,475 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $600,000 | Fortress Title Llc | |
| Warranty Deed | $494,000 | -- | |
| Special Warranty Deed | $272,000 | Attorneys Title Guaranty Fun | |
| Sheriffs Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Standard Title Corporation | |
| Warranty Deed | $415,000 | Agtf Inc | |
| Deed | $360,000 | Lawyers Title Insurance Corp |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $589,132 | FHA | |
| Previous Owner | $395,200 | No Value Available | |
| Previous Owner | $373,085 | Commercial | |
| Previous Owner | $288,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12742655
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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. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 4826 Wright Terrace
- 8524 Skokie Blvd Unit 3F
- 8500 Skokie Blvd Unit 2C
- 8625 Niles Center Rd
- 4820 Conrad St Unit 106
- 4839 Crain St
- 8710 Skokie Blvd Unit 3BS
- 4912 Crain St Unit B
- 8720 Skokie Blvd Unit 1G
- 8712 Skokie Blvd Unit 1I
- 4925 Carol St Unit D
- 4720 Washington St Unit c
- 4629 Main St Unit 3A
- 8300 Keating Ave Unit 1N
- 4903 Enfield Ave Unit B
- 8835 Lamon Ave Unit 1N
- 5005 Enfield Ave Unit 108
- 8828 Niles Center Rd Unit 301
- 8230 Elmwood Ave Unit 102
- 4936 Greenwood St
- 8537 Niles Center Rd Unit 3B
- 8600 Skokie Blvd
- 4827 Lee St Unit 1
- 4842 Conrad St Unit 2
- 4821 Crain St Unit 1
- 4843 Elm St Unit A
- 4819 Main St Unit 2
- 4819 Main St Unit 204
- 4819 Main St Unit 202
- 4641 N Paulina St Unit 107
- 4629 Main St
- 8255 Skokie Blvd Unit 501
- 8242 Kilpatrick Ave Unit 1
- 8816 Kenton Ave
- 8914 Lamon Ave Unit 1N
- 4950 Greenwood St Unit 3E
- 8930 Bronx Ave Unit Bronx 2 Bedroom + ta
- 8944 Skokie Blvd Unit B
- 5155 Madison St Unit 402
- 9007 La Crosse Ave Unit 1S
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