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533 Skokie Avenue Highland Park, IL 60035
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Key Details
Sold Price $630,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12126880
Sold Date 10/04/24
Style Tri-Level
Bedrooms 6
Year Built 1950
Annual Tax Amount $11,767
Tax Year 2022
Lot Dimensions 9762
Property Description
Nestled in East Highland Park, minutes from downtown Highland Park and Highwood, this fully remodeled townhome-style duplex presents a compelling investment opportunity. There are two 3 bed/2 bath units (2,800 sq ft total), separately metered, producing $68,100 in rent/year, with a cap rate of ~7.0%. Both units feature remodeled kitchens and bathrooms, new Anderson bedroom windows and refinished hardwood flooring. Each unit has a separate parking lot, with its own carport. The building has a brand-new roof, modern fencing, and an elegant landscape design. The first unit rents for $2,725, lease ending May 31, 2025, while the second rents for $2,950.00 with the same lease end date. Tenants pay all utilities, the owner pays landscaping, water/sewer and snow removal. If you're looking to acquire a mini portfolio, consider buying this along with another 3 units (~7% cap rate) in neighboring Highwood (see MLS#: 12124587)
Location
State IL
County Lake
Community Sidewalks
Zoning MULTI
Rooms
Basement Walkout
Interior
Heating Natural Gas, Forced Air, Sep Heating Systems - 2+
Fireplace N
Exterior
Waterfront false
View Y/N true
Parking Type Assigned
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 113, 113, 113
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Exclusive Agency • NON MEMBER