Essex Realty Group, Inc. is exclusively marketing a portfolio of two multifamily buildings for sale, located at 7901 Keeler Avenue and 4935-4939 Hull Street in the highly desirable suburb of Skokie. This portfolio includes a total of 27 units across both properties, offering an attractive opportunity for investors. Buyers have the option to purchase the properties together or separately, providing flexibility to meet various investment strategies.

7901 N. Keeler Avenue is a 13-unit apartment building featuring eleven (11) 1-bedroom/1-bath units and two (2) 2-bedroom/1-bath units. Recent capital improvements include a new water heater (installed in 2020), updated back porch windows, and the conversion of eight units to gas-forced heat. Additionally, a 1-bedroom/1-bath unit was recently converted into a 2-bedroom/1-bath unit. This conversion can be replicated in five other units in the property’s north and south tiers, potentially increasing the number of 2-bedroom/1-bath units to seven. This change could generate an additional $26,460 in annual income, or approximately $441 per unit per month. The property also offers three single-car garage spaces and one detached double-car garage.

4935-4939 Hull Street is a 14-unit courtyard building situated in the heart of Skokie. It includes six (6) 2-bedroom/1-bath units and eight (8) 3-bedroom/1-bath units, all of which have been updated within the past six years. The apartments are spacious, each with individual HVAC systems. The property also provides six individual single-car garage spaces.

This rare Skokie portfolio presents a significant investment opportunity, with potential rental increases of $150 to $250 per unit in the current condition. These assets offer investors the chance to gain immediate scale in a highly sought-after market.

The Village of Skokie is bordered by Evanston, Lincolnwood, Niles, Morton Grove, and Wilmette, and is often considered part of the North Shore. The area offers a blend of residential neighborhoods and bustling commercial stretches, with trendy new restaurants like Sketchbook Brewing adding to its appeal as a vibrant place to live and work.

Skokie is home to Niles Township High School District 219, which includes Niles West High School, ranked among the 20 Best Public High Schools in suburban Cook County by Chicago Magazine. The Skokie Park District manages over 240 acres of parkland and ten facilities, earning the prestigious national “Gold Medal for Excellence” in parks and recreation management. The district also hosts the Skokie Festival of Cultures every May, celebrating the Village’s rich diversity.

Culturally, Skokie is home to the North Shore Center for the Performing Arts, which features Centre East, Northlight Theatre, and the Skokie Valley Symphony Orchestra. The Village is also conveniently located near the Edens Expressway (I-94) and served by the CTA Dempster-Skokie and Oakton-Skokie Yellow Line stations, as well as several CTA and Pace bus routes, providing easy access to the surrounding area.

• Strong Market Location: Situated in Skokie, a Highly Sought-After Suburb with Strong Rental Demand, Limited Multifamily Supply, and Steady Rent Growth.
• Immediate Scale: 27 Units Across Two Properties Provide Instant Scale in a Desirable Market.
• Attractive Rental Upside: Potential to Increase Rental Income by $150-$250 per Unit in Current Condition.
• Desirable Unit Mix: Combination of 1, 2, and 3-Bedroom Units Attracts a Diverse Tenant Pool and Maximizes Occupancy.
• Garage Parking for Tenants: Nine Garage Spaces Across the Portfolio Enhance Appeal and Rental Potential.