4905 Louise StSkokie, IL 60077

Property Details for 4905 Louise St

Year built

1956

Lot size

0.25 AC

Property type

Garden apartment buildings

APN

10-28-208-021

APU

1028208021

Description

This exceptional 12-unit apartment building presents a compelling investment opportunity in the thriving Skokie, IL market. Strategically located on a corner lot at 4905 Louise Street, this property enjoys unparalleled convenience, being within walking distance of downtown Skokie and the CTA Yellow Line. The building comprises nine one-bedroom, one-bathroom units and three two-bedroom, one-bathroom units, offering a diverse mix of housing options. Ample parking is provided with twelve surface spaces. Each unit includes its own laundry facilities and storage, enhancing tenant appeal. The building boasts a well-maintained structure, featuring a roof approximately ten years old, a newer hot water heater, and an older but functional boiler system with copper plumbing. While the unit interiors retain a vintage aesthetic, the current rents are significantly below market value, presenting a substantial opportunity for increased profitability through market-rate adjustments. The property's proximity to the Yellow Line and its location just east of the Interstate ensures excellent accessibility for residents and contributes to its strong investment potential. This is a rare chance to acquire a well-positioned multifamily property with significant upside.

Location Insight

City

Skokie

County

Cook

State

Illinois

Latitude

42.0251

Longitude

-87.7504

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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