Brick Duplex with Attached
3354 Madison Street, Skokie, IL 60076
For Sale
$439,000
The property includes an attached two-car garage and a lower-level family room with an additional bedroom.
Property Size2,200 SF
Price / SF$199.55
Days on Market50
Property Features for 3354 Madison Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Mega USA Properties, Inc.
Listed By:
Adrianne Han · License IL #471008169
(773) 396-4833
Source:
Dawnmckennagroup
Added: Sep 23
Changed: Nov 7
Last Checked: Nov 10 at 5:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mega USA Properties, Inc.
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Investment Insights
Based on property information with market context.
Built in 1985, this 2,200-square-foot brick duplex has an attached two-car garage. Interior features include wood laminate flooring, a brick fireplace, and a balcony accessed through sliding glass doors. The kitchen has wood cabinetry and stainless steel appliances, while the lower level includes a family room, an additional bedroom, a flexible room, and a utility room with storage. The roof and siding were replaced in 2019, and the bathrooms have been updated.
The property is 0.2 miles from the CTA Yellow Line. Tecumseh Park, Emily Oaks Nature Center, and a bike path connecting to the North Branch Trail are nearby. Downtown Skokie shopping, dining, and grocery stores are also in the surrounding area.
The property is 0.2 miles from the CTA Yellow Line. Tecumseh Park, Emily Oaks Nature Center, and a bike path connecting to the North Branch Trail are nearby. Downtown Skokie shopping, dining, and grocery stores are also in the surrounding area.
Key Highlights
- 2,200‑square‑foot brick duplex built in 1985
- Attached two‑car garage
- Roof and siding replaced in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,522
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,440
$510.4K
Cap Rate 7%
$364,600
$364.6K
Cap Rate 9%
$283,578
$283.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$49.9K $22.68/SF
− Vacancy
−$3.5K −$1.59/SF
EGI
$46.4K $21.09/SF
− OpEx
−$20.9K −$9.49/SF
NOI
$25.5K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,440
Cap Rate 7%
$364,600
Cap Rate 9%
$283,578
Alternative Uses
Best Use
Apartment 5plus
$364.6K
$319.0K – $425.4K
NOI $25,522 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$844.8K
$739.2K – $985.6K
NOI $59,136 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,293
Businesses Nearby
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Business Placement
Demographics for 60076, IL
34,295
Population
11,908
Households
2.9
Avg Household Size
42
Median Age
52%
College-Educated
91%
High-School Grad
5.1 sq mi
ZIP Area
6,725
Density / Sq Mi
$103,870
Median Household Income
$50,336
Median Earnings
$1,576
Median Rent
$381,000
Median Home Value
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Market
Properties on Market for Residential income properties in Cook County
Frequently Asked Questions
What type of property is this?
Residential income property - The property includes an attached two-car garage and a lower-level family room with an additional bedroom.
Where is this residential income property located?
The property is located at 3354 Madison Street Skokie, IL.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 2,200‑square‑foot brick duplex built in 1985; Attached two‑car garage; Roof and siding replaced in 2019
