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Multifamily

7901 Keeler Ave

7901 Keeler Ave, Skokie, IL 60076

Listing Price: $2,290,000

Cap Rate
4.83%
Number of Units
13
Occupancy
97.0%
Price/Unit
$176,154
Price/Gross SF
$196.57
Gross SF
11,650

Investment Overview

Marcus & Millichap is pleased to present this multi-family real estate opportunity in the village of Skokie, Illinois. The subject property of 7901 Keeler Avenue is located 11.9 miles north of Chicago's downtown loop area, 1.9 miles east of the I-94 Edens Expressway, 0.9 miles east of the CTA's Oakton-Skokie yellow line train station, and 500 feet south of the CTA's Oakton & Keeler bus 97 stop. The unit mix for the subject property consists of twelve one-bedroom one-bathroom units that measure 900 square feet and three two-bedroom one-bathroom unit that measures 900 square feet respectively. The units offer potential to convert the one-bedroom units into two-bedroom units. The Village of Skokie, Illinois, located about 13 miles northwest of downtown Chicago and 12 miles east of O'Hare International Airport, provides high-quality government services to the over 64,000 residents, 24,000 households and 2,400 businesses that call Skokie their home. Accessibility to transportation is a key advantage in Skokie, with the Edens Expressway spanning the community's western edge, seven Chicago Transit Authority and 10 Pace suburban bus lines and the CTA's Skokie Swift rail line offering numerous options for public transportation. An investor can take full advantage of this rare real estate opportunity by capitalizing on the prime location of this asset plus the ability to cash flow the property.

Investment Highlights

  • Skokie, IL Location
  • Multiple Recent Capital Improvements
  • On-Site Laundry, Storage, & Parking
  • Rare Skokie Multi-Family Opportunity
  • Ability to Convert 1-Bedroom Units to 2-Bedrooms
  • Walking Distance to CTA & Metra Transportation

Exclusively Listed By

Listing Price: $2,290,000

Cap Rate
4.83%
Number of Units
13
Occupancy
97.0%
Price/Unit
$176,154
Price/Gross SF
$196.57
Gross SF
11,650

Investment Highlights

  • Skokie, IL Location
  • Multiple Recent Capital Improvements
  • On-Site Laundry, Storage, & Parking
  • Rare Skokie Multi-Family Opportunity
  • Ability to Convert 1-Bedroom Units to 2-Bedrooms
  • Walking Distance to CTA & Metra Transportation

Investment Overview

Marcus & Millichap is pleased to present this multi-family real estate opportunity in the village of Skokie, Illinois. The subject property of 7901 Keeler Avenue is located 11.9 miles north of Chicago's downtown loop area, 1.9 miles east of the I-94 Edens Expressway, 0.9 miles east of the CTA's Oakton-Skokie yellow line train station, and 500 feet south of the CTA's Oakton & Keeler bus 97 stop. The unit mix for the subject property consists of twelve one-bedroom one-bathroom units that measure 900 square feet and three two-bedroom one-bathroom unit that measures 900 square feet respectively. The units offer potential to convert the one-bedroom units into two-bedroom units. The Village of Skokie, Illinois, located about 13 miles northwest of downtown Chicago and 12 miles east of O'Hare International Airport, provides high-quality government services to the over 64,000 residents, 24,000 households and 2,400 businesses that call Skokie their home. Accessibility to transportation is a key advantage in Skokie, with the Edens Expressway spanning the community's western edge, seven Chicago Transit Authority and 10 Pace suburban bus lines and the CTA's Skokie Swift rail line offering numerous options for public transportation. An investor can take full advantage of this rare real estate opportunity by capitalizing on the prime location of this asset plus the ability to cash flow the property.

Exclusively Listed By

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