9007 La Crosse Ave - Apartments FOR SALE


Skokie, IL 60077
$775,000 USD
312-772-2820
9007 La Crosse Ave, Skokie, IL for Sale
$775,000 USD
Apartments - FOR SALE
1/10
null | 8.48% Cap Rate

9007 La Crosse Ave
Skokie, IL 60077


OVERVIEW

8.5Cap Wide Skokie 4-Unit - Post Condo Conversion Completed LARGER THAN THE TRADITIONAL SKOKIE 4-UNIT THIS IS AN EXTRA WIDE LOT (SIX FULL REAR PARKING SPACES) WITH 2BD/1BA UNITS THAT BOAST AN EXTRA LIVING / DINING AREA! CONDO CONVERSION COMPLETED WITH FULLY OCCUPIED 4-UNIT SKOKIE BUILDING WITH LONG TERM TENANTS FOR A DECADE AND LEASES THRU MAY 2025 ($1400 RENTAL RATE PER UNIT IS BELOW MARKET RENT DUE TO LONG TERM OCCUPANCY) - OWNER HAS ALREADY CONVERTED THE UNITS INTO FOUR SEPARATE CONDO PINS AND OWNS ALL OF THEM - YOU COULD ALSO CLAIM HOMEOWNER EXEMPTION AS THE OWNER HAS NOT CLAIMED **ONLY LOOKING TO SELL THE BUILDING AS A WHOLE TO AN INVESTOR OR OWNER OCCUPANT CAN EASILY MANAGE EXISTING RENT ROLL AND CONSIDER IMPROVEMENTS FOR THE FUTURE. BRAND NEWLY FINISHED REAR PORCH / STAIRS, AND CLEAN BASEMENT BELOW EACH SIDE OF THE BUILDING, ALSO HAS PLENTY OF STORAGE AND LAUNDRY IN-BUILDING. HIGHLY DESIRABLE SKOKIE LOCATION CLOSE TO I-90/94 AS WELL AS THE SKOKIE SWIFT CTA YELLOW LINE / RED LINE FEEDS INTO THE CITY! OWNER IS LICENSED AGENT.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$109 USD /SF

# OF UNITS

4

PRICE/UNIT

$193,750

CAP RATE

8.48%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-Cap Wide Skokie 4-Unit - Post Condo Conve

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,191 SF

ZONING

-

APN/PARCEL ID

10-16-415-084-1003

ASK ABOUT THIS PROPERTY

Cecil SabuALLURE Real EstateMore Info
312-772-2820

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Cecil SabuALLURE Real EstateMore Info
312-772-2820

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.