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8106 Lincoln Avenue

Skokie, IL 60077
  • $850,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 11264352
UPDATED: 21 min ago
$850,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1901
County:
Area:

School Ratings & Info

Description

Outstanding opportunity in the heart of booming downtown Skokie! A+ Location, upgraded, expanded and meticulously cared for are just a few of factors that make this the rock solid live/work set up and/or investment opportunity. Highlights include: 2nd level luxury apartment with 3 bed (plus Office) 2 baths and over 2,100 sq ft of Living space (currently rented M-T-M for $2,750/M); 1st level is HIGH VISIBILITY commercial space is currently a Day Care with approximately 2000 sq ft of space including office, Kitchen area and more. Lower Level is approx 1,332 sq ft (6 ft ceiling) is used for storage. **Property may be eligible for Skokie's retail enhancement grant** Location: Downtown Skokie is the beneficiary of a major revitalization including a new construction 153 unit luxury rental building just a 3 minute walk from this property(Delivery Q1 2022). Skokie Swift is an 11 minute walk and xpressway is 8 minute drive. Businesses within walking distance include; Illinois Science and Tech Park; Sketchbook Brewery, and coming soon Take Flight Distillery, etc. What's more? Building is located adjacent to Skokie TIF district with tons of new residential and commercial developments planned and or happening. Owners are selling to maximize efficiency with multiple locations. Detailed financial report with CAP RATE, CASH- FLOW projections,etc. available upon request.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-06T12:02:16.337 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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8106 Lincoln Avenue Skokie, IL 60077

  • Price: $850,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 21 min ago
  • MLS #: 11264352
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1901
Built
Neighborhood:
Skokie
County:
Cook
Area:
Skokie
Property Description
Outstanding opportunity in the heart of booming downtown Skokie! A+ Location, upgraded, expanded and meticulously cared for are just a few of factors that make this the rock solid live/work set up and/or investment opportunity. Highlights include: 2nd level luxury apartment with 3 bed (plus Office) 2 baths and over 2,100 sq ft of Living space (currently rented M-T-M for $2,750/M); 1st level is HIGH VISIBILITY commercial space is currently a Day Care with approximately 2000 sq ft of space including office, Kitchen area and more. Lower Level is approx 1,332 sq ft (6 ft ceiling) is used for storage. **Property may be eligible for Skokie's retail enhancement grant** Location: Downtown Skokie is the beneficiary of a major revitalization including a new construction 153 unit luxury rental building just a 3 minute walk from this property(Delivery Q1 2022). Skokie Swift is an 11 minute walk and xpressway is 8 minute drive. Businesses within walking distance include; Illinois Science and Tech Park; Sketchbook Brewery, and coming soon Take Flight Distillery, etc. What's more? Building is located adjacent to Skokie TIF district with tons of new residential and commercial developments planned and or happening. Owners are selling to maximize efficiency with multiple locations. Detailed financial report with CAP RATE, CASH- FLOW projections,etc. available upon request.
Exterior Features

Exterior Building Type Brick Foundation Details Brick/MortarConcrete Perimeter Frontage Type City Street Outdoor Parking 1-5 SpacesPrivate Lot Parking Total 3 Roof Rubber Roof Structure Flat

Interior Features

Cooling Central Air Fireplaces Total 0 Flooring Vinyl Heat Ventilation Forced Air Miscellaneous Inside Storage InsideBasement Number Of Dishwashers 2 Number Of Dryers 1 Number Of Ranges 1 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 4106 Built Before1978 YN Yes Current Use CommercialCondominium Electric Circuit BreakersService - 201 To 600 Amps Fire Protection Alarm On SiteFire Extinguisher/SPartially SprinkleredSprinklersCarbon Monoxide Detector(S) Geographic Locale North Suburban Gross Income 69000 Gross Scheduled Income 69000 Insurance Expense 0 Location Central Business DistrictPublic Transport Avail Net Operating Income 23700 Number Of Tenants 1 Ownership Types Limited Liability Corp Possible Use CommercialCondominiumMulti-FamilyRetail Rental Price 1.47 Seller Needs CashCash And Paper Tax Annual Amount 15000 Tax Year 2020 Tenant Pays ElectricityVaries By Tenant Total Monthly Income 5750 Township Niles Type Mixed Use Utilities Electric To SiteGas To SiteSanitary SewerWater-MunicipalWater To Site Zoning Other

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of @Properties.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-06T12:02:16.337 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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