UNDER CONTRACT – MULTI-FAMILY
7901 N. Keeler Avenue Skokie, IL 60076
PRICE
Call for details
NUMBER OF UNITS
13
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 7901 N.Keeler Avenue, a 13 unit apartment building in the North Chicago suburb of Skokie. The unit mix consists of twelve (12) 1Bd/1Ba units and one (1) 2Bd/1Ba unit. The Property has recently received multiple capital improvements including a new boiler (2013), windows (2013), and copper plumbing (2015).

Current ownership recently converted a 1Bd/1Ba unit to a 2Bd/1Ba unit. The same conversion could be executed for the remaining six units located in the north and south tiers of the Property, resulting in seven 2Bd/1Ba units. The increase in the number of bedrooms could potentially result in an increase of nearly $18,000 in annual income, or roughly $250/unit/month.

LOCATION DETAILS

7901 N. Keeler Avenue is located 13 miles north of Chicago's Central Business District and is accessible via the Oakton-Skokie CTA Yellow Line station as well as I-94, both of which are located one mile west of the Property. The Property is also situated near the Village's many parks, restaurants, shopping centers, and is a quick drive to Oakton Community College which has an enrollment of over 9,800 students.

HIGHLIGHTS
  • Rare Opportunity To Own A Well-Maintained Vintage Building in Residential Section of Skokie
  • (12) Large 1Bd/1Ba Units and (1) 2Bd/1Ba Unit with Opportunity to Convert Several 1Bd Units to 2Bd Units
  • Multiple Recent Capital Improvements: New Boiler, Windows, Copper Plumbing and Silver Roof Coating
  • One Mile From CTA Yellow Line Station and I-94
LISTING BROKERS
Brian Kochendorfer
Managing Director
773.305.4870
Brian Karmowski
Director
773.305.4892