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Key Details
Sold Price $825,000
Property Type Multi 5 Units
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11049153
Sold Date 05/28/21
Annual Tax Amount $14,702
Tax Year 2019
Lot Size 6,969 Sqft
Lot Dimensions 56'X125'X60'X125.1'
Property Sub-Type Multi Family 5+
Property Description
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!
Location
State IL
County Cook
Area Skokie
Interior
Cooling Window Unit(s)
Fireplace N
Building
Level or Stories 3
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Bought with Paul Fortman • @properties