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4905 Louise St Skokie, IL 60077

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For Sale
$1,850,000

12-Unit Apartment Building, Prime Location

Property Features for 4905 Louise St

General Information

Property type
Other commercial real estate

Building Details

Year Built
1956

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Listing Contact
Kelsey Zurweller

Listing Agency: HORVATH & TREMBLAY IL, LLC Listing Agent: Kelsey Zurweller

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 12-unit apartment building presents a compelling investment opportunity in the thriving Skokie, IL market. Strategically located on a corner lot at 4905 Louise Street, this property enjoys unparalleled convenience, being within walking distance of downtown Skokie and the CTA Yellow Line. The building comprises nine one-bedroom, one-bathroom units and three two-bedroom, one-bathroom units, offering a diverse mix of housing options. Ample parking is provided with twelve surface spaces. Each unit includes its own laundry facilities and storage, enhancing tenant appeal. The building boasts a well-maintained structure, featuring a roof approximately ten years old, a newer hot water heater, and an older but functional boiler system with copper plumbing. While the unit interiors retain a vintage aesthetic, the current rents are significantly below market value, presenting a substantial opportunity for increased profitability through market-rate adjustments. The property's proximity to the Yellow Line and its location just east of the Interstate ensures excellent accessibility for residents and contributes to its strong investment potential. This is a rare chance to acquire a well-positioned multifamily property with significant upside.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Skokie
County
Cook
State
Illinois
Longitude
-87.75033
Latitude
42.02513

FAQs

What type of property is this?
Commercial real estate - 12-Unit Apartment Building, Prime Location
Where is this commercial real estate located?
The property is located at 4905 Louise St Skokie, IL.
What is the asking price?
The asking price for this property is $1,850,000.
More about this property
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