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    4950 Greenwood St Skokie, IL 60077

    For Sale
    $1,750,000

    Commercial Sale - Skokie, IL

    Property size:
    6,925 SF
    Lot size:
    0.08 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 10 at 9:06 am

    Property Features for 4950 Greenwood St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    10164200190000
    Size
    6,925 SF
    Lot size
    0.08 Acres

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1957
    Number of units
    6
    Roof type
    Composition
    Architectural style
    Other

    4 Sale Realty Advantage, Inc (847) 601-9359 [email protected]

    Listing agent Daniel Nierman (847) 601-9359 License #471018942

    Listing date Nov 14, 2025

    MLS# 12517106 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Skokie Multifamily Apartment Building

    This is a six-unit multifamily apartment building located in Skokie, Illinois. The property contains four large three-bedroom units and two large one-bedroom garden units. Many of the kitchens and bathrooms have been updated. The three-bedroom units include one and a half bathrooms. The landlord is responsible for heat and water, while tenants pay for cooking gas and electricity. The property includes private off-street parking for tenants, storage sheds, and coin laundry facilities under a month-to-month contract. The building is located near the Yellow Line train and bus station, and is also minutes from the I-94 Edens Expressway, Endeavor Hospital, shopping, and schools. The property, situated on a lot of 0.08 acres, offers 6,925 square feet of space and is zoned MULTI. It is suitable for owner occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.751439
    Latitude
    42.042802

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained six-unit building near transportation and amenities.
    Where is this apartment building located?
    The property is located at 4950 Greenwood St Skokie, IL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Six-unit multifamily building in Skokie, offering immediate rental income potential.; - Four large 3-bedroom units and two 1-bedroom garden units provide diverse tenant options.; - Updated kitchens and bathrooms in the majority of units enhance appeal and reduce renovation costs.
    (847) 601-9359
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    4950 Greenwood St Skokie, IL 60077
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    Skokie, IL 60077
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4950 Greenwood St Skokie, IL 60077
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