NOT LISTED FOR SALE

Estimated Value: $797,000 - $898,856

7 Beds
6 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold May 26, 2021

Last sale price $700,000

Est. 21% increase in value since last sale

Current estimated payment $6,162/month

54 Days on Market

About This Home

As of May 2021

Incredible opportunity to purchase a 5 unit apartment building with an additional garden unit and 2 car garage. This is a highly sought after residential area in Skokie. This building features a new roof, new windows, 2 years old boiler. 5-1 bedroom apartments and 1-Two bedroom apartment. This arm chair investment is fully leased with long term tenants with well below market rents. This property has been under same ownership for the last 20 years and rarely has any vacancies. The building has been well take care of, all separate utilities and a coin laundry for extra income. The location of this investment is second to none situated in a quiet residential area of single family homes close to schools, parks and shopping.

Last Agent to Sell the Property

Jason Smith

Hoffman Realtors LLC License #475180201 Listed on: 02/23/2021

Last Buyer's Agent

Barbara Ball

@properties Christie's International Real Estate

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,584

Year Built

  • 1929

Lot Details

  • 8,276

Home Design

  • Slab Foundation

Utilities

  • Window Unit Cooling System

Additional Features

  • Partially Finished Basement

Community Details

  • Fuel Expense $2,000
  • Insurance Expense $2,500
  • Manager Expense $2,700

Listing and Financial Details

  • Tenant pays for electric, water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,584

Year Built

1929

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Individual
  • Zoning Type: MULTI
  • Estimated Age: 26-35 Years
  • Net Oper Income: 34010
  • Outdoor Parking: 1-5 Spaces
  • Repairs Decor Expense: 500
  • Total Annual Exp: 23560
  • Total Annual Income: 33000
  • Total Monthly Income: 5500
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 2
  • Estimated Year Built: 1929
  • Type Multi Family: Corridor-Exterior Entrance, Corridor-Interior Entrance, Courtyard
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1929

Interior Features

  • Basement: Partially Finished

Exterior Features

  • Foundation: Concrete
  • Acreage: 0.19
  • Construction: Brick

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 6

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Radiators, Radiant
  • Water Expense: 1400

Condo/Co-op/Association

  • Units in Building: 5
  • Manager Expense: 2700

Fee Information

  • Electricity Expense: 660
  • Electrical Service: Fuses
  • Janitor Expense: 400

Lot Info

  • Lot Dimensions: 40X200
  • Lot Sq Ft: 8600
  • Land Amenities: Sidewalks
  • Parcel Identification Number: 10213120800000

Rental Info

  • Gross Rental Income: 57600
  • Tenant Pays: Electric, Water/Sewer

Multi Family

  • Fuel Expense: 2000
  • Gross Rent Multiplier: 11
  • Insurance Expense: 2500
  • Other Expenses: 100
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 17000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2025
Sold by
Larabhie Llc
Bought by
Impact Laramie Llc
Current Estimated Value
$847,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,812,761
Outstanding Balance
$2,808,007
Interest Rate
6.86%
Mortgage Type
Construction
Estimated Equity
-$1,960,079

Purchase Details

Listed on
Feb 23, 2021
Closed on
May 18, 2021
Sold by
Sojka Edward and Bernas Danielle
Bought by
Larabhie Llc
Seller's Agent
Jason Smith
Hoffman Realtors LLC
Buyer's Agent
Barbara Ball
@properties Christie's International Real Estate
List Price
$725,000
Sold Price
$700,000
Premium/Discount to List
-$25,000
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.43%

Purchase Details

Closed on
Aug 31, 2001
Sold by
Aickareth Juliya
Bought by
Sojka Walter and Sojka Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 1994
Sold by
Aickareth Juliya
Bought by
Aickareth Juliya
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Impact Laramie Llc -- Chicago Title
Larabhie Llc $700,000 Fidelity National Title
Sojka Walter $498,000 Professional National Title
Aickareth Juliya -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Impact Laramie Llc $2,812,761
Previous Owner Sojka Walter $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2021 05/26/21 Sold $700,000 -3.4% --
04/18/2021 04/18/21 Pending -- -- --
02/23/2021 02/23/21 For Sale $725,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $20,584 -- -- --
2023 $20,574 $66,000 $11,180 $54,820
2022 $20,574 $66,000 $11,180 $54,820
2021 $16,635 $45,932 $6,880 $39,052
2020 $16,517 $45,932 $6,880 $39,052
2019 $16,972 $52,796 $6,880 $45,916
2018 $17,091 $47,740 $6,235 $41,505
2017 $17,168 $47,740 $6,235 $41,505
2016 $16,177 $47,740 $6,235 $41,505
2015 $15,068 $42,198 $5,375 $36,823
2014 $14,729 $42,198 $5,375 $36,823
2013 $14,927 $42,198 $5,375 $36,823
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD11001616

Midwest Real Estate Data (MRED)

APN: 10-21-312-080-0000