Skokie Condo Deconversion Opportunity Comes to Market

Essex Realty Group is marketing a 48-unit garden-style condominium property at 10111-10117 Old Orchard Ct. in the north Chicago suburb of Skokie, IL. Listed for $6,840,000, the property is being offered as a condominium deconversion opportunity under Section 15 of the Illinois Condominium Act.

The units were converted to condos in 2007 and feature hardwood floors, granite countertops, stainless steel appliances, built-in microwave, dishwasher, and a private patio or balcony. Additionally, the property participates in a master association that covers all common area expenses.

“With such high demand for suburban apartment communities of larger scale, and a lack of supply, this is a fantastic opportunity for investors to acquire a sizeable property in a great location at the border of Wilmette and Skokie,” said Essex director and listing broker Matt Feo. Feo and Brian Karmowski are the brokers on the transaction.

Essex Realty Group, Inc. is a leading mid-market brokerage firm that specializes in the sale of investment real estate throughout the Chicago metropolitan area. Visit www.essexrealtygroup.com for access to our multi-family listings and more information.