Essex Realty Group, Inc. is pleased to announce the sale of 4739 Washington Street, a 10-unit vintage all brick corner apartment building in the highly coveted suburb of Skokie, IL. The Subject Property is located in a residential area and consists of (7) 1Bd/1Ba units and (3) 2Bd/1Ba units. The new owner, a local investor, acquired a well-maintained asset and will have the opportunity to capture an additional 15% of income by increasing rents to market rate. Brian Karmowski represented the seller and Anthony Citriglia represented the buyer in the transaction.
- Sold for $173,000 Per Unit
- One of the Highest Price Per Unit Transactions in Skokie in The Past Several Years
- High-Demand Suburban Location
- Fully Occupied Building with Potential for 15% Rental Increases