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Renovated Quadplex
For Sale
$999,000
Pending

8914 Lamon Avenue, Skokie, IL 60077

Updated apartments feature new kitchens, private laundry, basement storage, rebuilt porches, and on-site parking.

Property SizeContact for details
Days on Market10

Property Features for 8914 Lamon Avenue

General Information

Standard status Pending
Total Parking Spaces 6
Property subtype MULTI_FAMILY
Net Operating Income $85,000

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $16,339

Amenities

in-unit washer/dryer
storage room

Building Details

Year Built 1951
Listing Agency: Suburban Midwest Properties
Listed By: Nechemia Breitman · License #471022919
Source: Dawnmckennagroup
Added: Sep 8 Changed: Sep 12 Last Checked: Sep 17 at 3:53AM

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 Suburban Midwest Properties

Investment Insights

Based on property information with market context.

Built in 1951, this four-apartment building has undergone extensive renovation across the interior and exterior. Each unit includes a new kitchen with quartz countertops, solid maple cabinetry, and LG appliances, along with updated bathrooms featuring Kohler cast iron tubs and Moen fixtures. Hardwood flooring, solid-core doors and trim, windows, HVAC systems, and hot water heaters have also been replaced. Individual LG washers and dryers and a dedicated basement storage room serve each apartment.

The property includes 6 parking spaces, new concrete paths, and rebuilt rear porches. The porches were insulated and reconstructed with new plywood sheathing and siding, creating additional flexible rooms suitable for use as a home office, den, or workout area. Building systems include new wiring and type L copper plumbing.

Key Highlights

  • Four‑apartment building built in 1951
  • 6 on‑site parking spaces
  • New kitchens with quartz counters, solid maple cabinets, and LG appliances

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Gym & Fitness Center Hotel & Motel Travel Agency Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,176
Businesses Nearby

Demographics for 60077, IL

28,856
Population
11,317
Households
2.5
Avg Household Size
43
Median Age
46%
College-Educated
92%
High-School Grad
4.2 sq mi
ZIP Area
6,870
Density / Sq Mi
$80,765
Median Household Income
$40,996
Median Earnings
$1,450
Median Rent
$327,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Updated apartments feature new kitchens, private laundry, basement storage, rebuilt porches, and on-site parking.
Where is this quadplex located?
The property is located at 8914 Lamon Avenue Skokie, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Four‑apartment building built in 1951; 6 on‑site parking spaces; New kitchens with quartz counters, solid maple cabinets, and LG appliances
More about this property
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