Turn-Key Investment Opportunity Hits The Market in Skokie
Chicago-based investment real estate brokerage firm Essex Realty Group, Inc. is exclusively marketing 4854-4856 Elm Street, a stately apartment building located in the North Cook County suburb of Skokie, IL.
4854-4856 Elm Street is comprised of 13 one-bedroom apartment units and 13 parking spaces. This boiler building has received multiple capital improvements in recent years. The fully-occupied Property provides a “turn-key” investment opportunity with the ability to possibly increase rents by 10% or more in “as-is” condition. It also presents the opportunity to significantly increase rents by making modest cosmetic updates to unit interiors. This is a rare opportunity to own a well-maintained vintage building located in the heart of Skokie.
4854-4856 Elm Street is extremely well-located just 0.5 miles from Dempster-Skokie CTA Station and 1.5 miles from the I-94. The area offers residents a vibrant and rapidly developing community with new trendy restaurants and retailers within walking distance. Multiple bus routes along Main Street and Skokie Boulevard are also steps away. The property is listed for sale at $2,000,000 by Essex director Anthony Citriglia.