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    8056 Lincoln Avenue

    Skokie, IL 60077
    • $1,499,000
    • STATUS: Active
    • ON SITE: 19 days
    • MLS #: 11056695
    UPDATED: 29 min ago
    $1,499,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,730
      SQFT
    • $172
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1925
    County:
    Area:

    School Ratings & Info

    Description

    2 BUILDINGS WITH 7 RESIDENTIAL UNITS AND 5 COMMERCIAL SPACES. EXCELLENT DOWNTOWN SKOKIE LOCATION. SURROUNDED BY NEW CONSTRUCTION BUILDINGS AND HOMES, AS WELL AS NEAR THE SKOKIE SWIFT AND DOWNTOWN RESTAURANTS, THIS PROPERTY PROVIDES A TREMENDOUS OPPORTUNITY. THIS LOT HAS TWO BUILDINGS INCLUDING A 3-STORY, 9 UNIT (7 RESIDENTIAL APARTMENTS/2 COMMERCIAL SPACES) BUILDING AND A SEPARATE 2-STORY, 4 UNIT (1 RESIDENTIAL APARTMENT/3 COMMERCIAL SPACES) BUILDING AT 5110-5114 BROWN ST. THE BUILDING ON LINCOLN HAS TWO 2-BEDROOM UNITS/FIVE 1-BEDROOM UNITS/2 MAIN LEVEL STORE FRONTS. THE BUILDING ON BROWN HAS 3 MAIN LEVEL OFFICE/RETAIL SPACES AND ONE SECOND FLOOR 1-BEDROOM APARTMENT. OUTSTANDING OPPORTUNITY TO KEEP OR IMPROVE UPON THE CURRENT STRUCTURE, OR TEAR DOWN AND BUILD NEW. PLEASE CALL LISTING AGENT FOR POSSIBLE TIF ASSISTANCE FROM THE VILLAGE OF SKOKIE.

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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 Ani Real Estate. Based on information submitted to the MRED as of 2021-05-06T10:53:58.46 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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    8056 Lincoln Avenue Skokie, IL 60077

    • Price: $1,499,000
    • Status: Active
    • Updated: 29 min ago
    • MLS #: 11056695
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    8,730
    SQFT
    $172
    $/SQFT
    1925
    Built
    Neighborhood:
    Skokie
    County:
    Cook
    Area:
    Skokie
    Property Description
    2 BUILDINGS WITH 7 RESIDENTIAL UNITS AND 5 COMMERCIAL SPACES. EXCELLENT DOWNTOWN SKOKIE LOCATION. SURROUNDED BY NEW CONSTRUCTION BUILDINGS AND HOMES, AS WELL AS NEAR THE SKOKIE SWIFT AND DOWNTOWN RESTAURANTS, THIS PROPERTY PROVIDES A TREMENDOUS OPPORTUNITY. THIS LOT HAS TWO BUILDINGS INCLUDING A 3-STORY, 9 UNIT (7 RESIDENTIAL APARTMENTS/2 COMMERCIAL SPACES) BUILDING AND A SEPARATE 2-STORY, 4 UNIT (1 RESIDENTIAL APARTMENT/3 COMMERCIAL SPACES) BUILDING AT 5110-5114 BROWN ST. THE BUILDING ON LINCOLN HAS TWO 2-BEDROOM UNITS/FIVE 1-BEDROOM UNITS/2 MAIN LEVEL STORE FRONTS. THE BUILDING ON BROWN HAS 3 MAIN LEVEL OFFICE/RETAIL SPACES AND ONE SECOND FLOOR 1-BEDROOM APARTMENT. OUTSTANDING OPPORTUNITY TO KEEP OR IMPROVE UPON THE CURRENT STRUCTURE, OR TEAR DOWN AND BUILD NEW. PLEASE CALL LISTING AGENT FOR POSSIBLE TIF ASSISTANCE FROM THE VILLAGE OF SKOKIE.
    Exterior Features

    Construction Materials Brick Frontage Type City Street Location Corner Outdoor Parking 1-5 Spaces Parking Total 2

    Interior Features

    Basement Description Unfinished Cooling None Electric Circuit Breakers Fire Protection Smoke Or Fire Protectors Heat Ventilation Hot Water Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 1 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dryers 1 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Full Bathrooms Type3 1 Number Of Full Bathrooms Type4 1 Number Of Ranges 8 Number Of Refrigs 8 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 1 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 5 Number Of Rooms Unit2 3 Number Of Rooms Unit3 1 Number Of Rooms Unit7 0 Number Of Units Apt Type1 2 Number Of Units Apt Type2 6 Number Of Units Apt Type3 2 Number Of Units Apt Type4 3 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 1

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 4.8 Current Use Multi-Family Electric Expense 657 Expense Year 2019 Exterior Building Type Brick Fuel Expense 9445 Gross Income 134400 Gross Scheduled Income 134400 Insurance Expense 5996 Janitor Expense 00 Lot Size Dimensions 49X163.2X46.6X147 Maintenance Expense 0 Monthly Income Max1 960 Monthly Income Max2 900 Monthly Income Max3 1600 Monthly Income Max4 400 Net Operating Income Year 2019 Operating Expense 62746 Other Expense 1450 Owners Assoc YN No Possible Use CommercialMulti-FamilyRetail Tax Annual Amount 41085 Tax Year 2019 Tenant Pays Air ConditioningElectricity Total Monthly Income 11200 Trash Expense 613 Type Multi Family Corridor-Interior Entrance Unincorporated YN No Washer Dryer Leased YN No Water Sewer Expense 3500

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Villager.


    © 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 Ani Real Estate. Based on information submitted to the MRED as of 2021-05-06T10:53:58.46 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.

    Digital Millennium Copyright Act
     
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