Essex Realty Group, Inc. has been exclusively engaged to market for sale 4740 Washington Street, an 8 unit apartment building located in the Chicago suburb of Skokie. The property features a (8) 1Bd/1Ba units as well as a (3) car garage that is currently being rented.
4740 Washington Street gives an investor a rare opportunity to acquire a value-add multifamily property in the highly-desirable suburb of Skokie. Current rents can be raised an estimated 7%-10% as-is. Furthermore, by updating the units with modern finishes, a long-term investor could significantly increase their return on investment.
The Village of Skokie is frequently sought after by renters for its close proximity to the City of Chicago as well as the surrounding towns in the northwest suburbs. The subject property is located just one mile from the CTA Yellow Line Station as well as I-94. In addition, the property is just one block from Main Street, providing easy access to a myriad of retail stores, restaurants, and entertainment destinations.
- (8) 1Bd/1Ba Units Makes For Easy Management
- Value-Add Potential
- On-Site Laundry & (3) Car Garage
- Close Proximity to CTA Yellow Line Station