3400 Main Street

Skokie, IL 60076

$825,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investor special! Here's your unique opportunity for a value-add neighborhood mixed-use building in Skokie with excellent visibility on Main Street! The property is located at the corner of Main Street and Kimball Avenue and consists of twelve (12) studio units each with exterior entrances, a common laundry room with washer and dryer and ten (10) surface parking spaces in the parking lot. Each unit is approximately 20' x 20'. This mixed use building currently is being leased as eight (8) residential...Investor special! Here's your unique opportunity for a value-add neighborhood mixed-use building in Skokie with excellent visibility on Main Street! The property is located at the corner of Main Street and Kimball Avenue and consists of twelve (12) studio units each with exterior entrances, a common laundry room with washer and dryer and ten (10) surface parking spaces in the parking lot. Each unit is approximately 20' x 20'. This mixed use building currently is being leased as eight (8) residential units, one (1) for commercial use and three (3) are currently used for storage. Residential units are month to month. The age of the building is unknown, but the building was built in two parts with the newer half of the building being the northside (adjacent to the parking lot). New ownership has the opportunity to bring the leases to market rates in addition to seeking the appropriate approvals and/or variances from the Village of Skokie in order to use all twelve (12) units for residential or commercial purposes. There is HUGE potential to take this building/property to another income generating level! Being sold "As-Is, Where Is". Qualified buyers only!
  1. Listed by Shannon Hormanski • Baird & Warner

Sold By @properties

Property Details for 3400 Main Street

Area
Skokie
Township
Niles
Num Of Parking Spaces
10.0

Location

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LISTING UPDATED: 05/29/2021 06:16 AM

Property Details for 3400 Main Street

StatusClosed
MLS #11049153
Days on Market49
Taxes$14,702 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built-
Lot Size0.16 AC / 6,969 SF
CountyCook County

Location

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Building Information for 3400 Main Street

Stories-Residences12Year Built-Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$5,728 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,502

Property Taxes

$1,225

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3400 Main Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Separate Meters
  • # Of Washers: 1
  • Basement Description: None
  • Heat/Ventilation: Baseboard
  • # Of Dryers: 1
  • Num of Baths: 0.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: No
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 56'X125'X60'X125.1'
  • Stories: 3
Property and Assessments
  • Public Document Count: 0
  • Document Date: 2021-04-21T21:56:19
  • Photos Count: 13
Miscellaneous
  • Current Use: Multi-Family, Other
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 04-10-2021
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $1,413.00
  • Fuel Expense: $2,300.00
  • Gross Income: $79,920.00
  • Gross Scheduled Income: $79,920.00
  • Insurance Expense: $2,318.00
  • Maintenance Expense: $.00
  • Manager Expense: $.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2019
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 6660
  • Water Expense Source: Owner Projection
  • Net Operating Income: $56,002.00
  • Operating Expense: $23,918.00
  • Other Expense: $1,042.00
  • Trash Expense: $533.00
  • Water Sewer Expense: $1,610.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 8
  • # Of Rooms - Unit 1: 1
  • # Of Full Bthrms - Type 1: 1
  • Monthly Income - 1: 650
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 2: 1
  • # Of Full Bthrms - Type 2: 1
  • Monthly Income - 2: 600
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 3: 1
  • # Of Full Bthrms - Type 3: 1
  • Monthly Income - 3: 400
  • Monthly Income Max - 3: 400
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 2
  • # Of Rooms - Unit 4: 1
  • # Of Full Bthrms - Type 4: 1
  • Monthly Income - 4: 0
  • Monthly Income Max - 4: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 5: 0
  • Monthly Income - 5: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
  • Monthly Income - 6: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 7: 0
  • Monthly Income - 7: 0

Property History for 3400 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3400 Main Street

Taxable ValueLand$10,159Additions$68,464Total$78,623
Tax Record2022$23,656 ($1,971 / month)
Home Facts
StyleMulti-Family Res (5+ Units)CountyCOOKAPN10-23-222-057

Schools near 3400 Main Street

This home is within Skokie School District 73-5.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
John Middleton Elementary School
Public1 to 5

Oliver Mccracken Middle School
Public6 to 8

Niles Central
Public9 to 12

Niles North High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baird & Warner

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.