4831 Wright Terrace Skokie, IL 60077
Southwest Skokie NeighborhoodEstimated payment $4,588/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 |
|---|---|---|---|---|---|
| 06/01/2026 06/01/26 | For Sale | $649,000 | 0.0% | -- | |
| 06/01/2026 06/01/26 | Price Changed | $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 | 0.0% | -- | |
| 05/28/2014 05/28/14 | Sold | $272,000 | -0.3% | -- | View Prior Sale |
| 04/24/2014 04/24/14 | Pending | -- | -- | -- | |
| 03/31/2014 03/31/14 | For Sale | $272,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12653153
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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
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- 8710 Skokie Blvd Unit 3BS
- 4932 Crain St
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- 8847 La Crosse Ave Unit 204
- 5055 Madison St Unit 601
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- 4950 Greenwood St
- 5155 Madison St Unit 509
- 5155 Madison St Unit 508
- 5155 Madison St Unit 3208
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- 8537 Niles Center Rd Unit 3B
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- 4819 Main St Unit 203
- 4819 Main St Unit 202
- 4819 Main St Unit 204
- 8255 Skokie Blvd Unit 501
- 4852 Carol St
- 5025 Carol St Unit Second floor
- 8224 Knox Ave Unit 2
- 8845 Lamon Ave Unit 2W
- 8232 Niles Center Rd Unit 306
- 8903 Lamon Ave
- 8903 Lamon Ave Unit B1
- 4950 Greenwood St Unit 3E
- 8217 Lincoln Ave
- 8951 Skokie Blvd Unit 3
- 8944 Kilpatrick Ave Unit 3
- 8025 Skokie Blvd Unit 302
- 8025 Skokie Blvd
- 9000 La Crosse Ave Unit 1n
Ask me questions while you tour the home.