- List Price $840,000
- Price / Unit $210,000
- Property Type Two – Four Unit
- Units 4
- Current Rents $85,800
- Pro Forma Rents $108,000
- In Place NOI $49,034
- Projected NOI $70,124
- Target CAP Rate 5.84%
- Market CAP Rate 5%
- Today's Market Value $980,000
- Value w/Market Rents $1,400,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
- 12
- 4
- 4642
- 1957
- 100%
- 8
- 2
- Forced Air
- Central Air
- Common, Paid
12
4
4642
- 1957
- 100%
- 12
- 2
- Forced Air
- Forced Air
- Common, Paid
About the property
Welcome to 4819 Conrad St! Nestled in the vibrant village of Skokie, IL next to the Evanston Golf Club, this Multi-Unit gem comprises of 4 units, all are spacious 3-bedroom/1-bathroom units, all tastefully updated & well maintained. Each unit has separate HVAC for heating & cooling. Each unit has separate Gas & Electric meters which makes this building a very Cash Flow efficient 4-Unit. Regarding the exterior, the Roof & windows were fully replaced 5 years ago. This property also boasts 5 parking spots in the back along with a 1 Two-Car Garage & 1 One-Car Garage On-site which provides a great opportunity for increased Cash Flow. There is 1 set of coin-operated Laundry machines on-site for the tenant’s use. This listing presents a rare opportunity to invest in a thoughtfully maintained building in the heart of Skokie, IL.
About the neighbourhood
- Skokie, IL is a bustling suburb located just 16 miles north of downtown Chicago, making it an ideal residential location for commuters and families alike. Situated in Cook County, Skokie is easily accessible via major highways including Interstate 94 (the Edens Expressway) and public transportation options such as the Skokie Swift (Yellow Line) of the Chicago Transit Authority (CTA), which provides direct access to Chicago's Loop.Skokie prides itself on its rich cultural diversity and strong sense of community. Home to a diverse population, Skokie embraces its multicultural heritage with numerous ethnic restaurants, festivals, and cultural events throughout the year. The community is known for its welcoming atmosphere and strong neighborhood ties, making it a popular choice for families and individuals seeking a close-knit suburban environment.Skokie boasts a highly regarded public school system operated by Skokie School District 68 and Niles Township High School District 219. The area is also home to several private and parochial schools, offering families a range of educational options. The schools in Skokie are known for their academic excellence, extracurricular activities, and commitment to student success.
Municipality - Investor Guide
Skokie
| Transfer Stamps | Pre Sale Inspection | Yearly Rental Inspection | |
|---|---|---|---|
| Buyer: N | Cost: N/A | Required: N0 | Required: Yes |
| Seller: Y | Cost: $3 / $1,000 | Cost: N/A | Cost: $50 |
| Notes | |||
| Inspection Upon Sale Village Transfer Stamps will not be issued by the Village Clerk’s Office for the sale of any multi-unit rental building or single-family house, duplex or townhouse used as a residential rental unit until an inspection is performed by the Property Standards Division and any and all identified code violations have been corrected. Rental units in a condominium building with more than four units are exempt from this requirement. An Upon Sale inspection report from the Village must be dated no more than 180 days prior to the date of closing and no later than the day of the closing. Inspection areas will include exterior building and property areas, common interior building areas and all dwelling units. Applications for the Upon Sale Inspection Program (PDF) and an inspection checklist can be obtained from Village Hall at the Clerk’s Office, the Property Standards Division, and on the Village’s website along with an information pamphlet. | |||
For a list of all Municipality requirements visit our Municipality Requirements Page
Property Documents
Property Financials
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Mortgage Calculator
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Utility Table
Total Yearly Utitlity Cost: $2,820.00
*This Utility Table does not include snow removal or lawn care costs, if any. For more details on snow/lawn expenses, see the "Expenses" attachment located under the "Property Documents" section.
Property Taxes
| 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|
| Tax Amount | $9,235.63 | $16,792.05 | $16,673.65 | $17,132.51 |
| YOY Tax Change ($) | -$7,556.42 | +$118.40 | -$458.86 | -$1,197.67 |
| YOY Tax Change (%) | -45.00% | +0.71% | -2.68% | -6.53% |
| Current Assessed Value | $73,000 | Source - Public Record For more information on assessments, property taxes, and tax appeals visit: Property Taxes | Assessed - Land | $7,254 | Assessed - Improved | $65,746 |
For more information on assessments, property taxes, and tax appeals visit: Property Taxes
Walkscore
Nearby
- Arts & Entertainment
-
SmokeShop Guys (0.19 mi)
-
Midwest Classic Tattoo (0.24 mi)
-
Remred Business Class Promotional Products (0.25 mi)
- Education
-
CogFit-Quest (0.11 mi)
-
Ombudsman Educational Services (0.29 mi)
-
Tutor Doctor Chicago North Suburbs (0.31 mi)
- Food
-
Oberweis Ice Cream and Dairy Store (0.18 mi)
-
Kaufman's (0.21 mi)
-
McDonald's (0.23 mi)
- Health & Medical
-
StrIVeMD Wellness and Ketamine (0.11 mi)
-
CombinedCare (0.12 mi)
-
Presbyterian Homes (0.12 mi)
Contact Information
- List Price $840,000
- Property Type Two – Four Unit
- Current Rents $85,800
- In Place NOI $49,034
- Target CAP Rate 5.84%
- Today's Market Value $980,000
- Price / Unit $210,000
- Units 4
- Pro Forma Rents $108,000
- Projected NOI $70,124
- Market CAP Rate 5%
- Value w/Market Rents $1,400,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
