4900 Greenwood St Skokie, IL 60077
- Commercial real estate
- 5,625 SF
Current Use by Public Records
- Commercial real estate
Property Details for 4900 Greenwood St
- Year built
- 1956
- Property size
- 5,625 SF
- Property type
- Commercial real estate
Description
This exceptional investment property, located at 4900 Greenwood Street in Skokie, Illinois, presents a compelling opportunity for discerning investors. The property is a well-maintained, five-unit brick apartment building encompassing 5,625 square feet. Currently operating at 100% occupancy, this asset offers immediate and substantial cash flow. Each of the five units is individually metered for gas and electricity, minimizing operating expenses for the owner. Further enhancing the value proposition, each unit includes private storage and assigned parking spaces, features highly sought after by tenants. A shared washer/dryer in the basement generates additional income. Current rental rates are below market value, providing significant potential for future rental increases and enhanced profitability. The property's prime location in Skokie offers easy access to a variety of amenities, including shopping, dining, and public transportation, specifically the Yellow Line. This combination of strong occupancy, below-market rents, and a desirable location makes this a rare opportunity to acquire a stable, high-performing investment property with significant upside potential. The property is offered at $1,000,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Skokie
- County
- Cook
- State
- Illinois
- Longitude
- -87.7498
- Latitude
- 42.0427
