4935-4939 Hull St
Skokie, IL 60077
Skokie Courtyard Apartments · Multifamily Property For Sale · 14 Units

This offering represents the opportunity to acquire a beautifully constructed, 1920's era courtyard apartment building at 4935-4939 Hull Street in Skokie, IL. This three story property has a total of 13 units; 10 two bedroom/one bathroom units over 1,000 SF in size, and 3 one bedroom/one bathroom units. Well situated quarter-acre parcel with six garage parking spaces in the rear, the units and bright and spacious with features including dishwashers, dining rooms, & ample closet space. The property was converted individual furnaces & central air in 2003; a rarity among rental courtyard buildings. All 13 units have been renovated as recently as ten years ago, including new kitchens and bathrooms. Further opportunities exist to raise rents with cosmetic and managerial improvements. It should be noted the property has an additional garden unit not included in the unit total. The eastern garden unit sustained significant water damage in 2000 and was deemed uninhabitable by the village of Skokie. Bringing this unit back online presents a unique value creation opportunity for the right buyer. The property's located on the southeast corner of Hull Street and Niles Avenue, just blocks south of Oakton Avenue in downtown Skokie. Located in a quiet residential setting, the property's within walking distance of nearby attractions and conveniences including various dining/entertainment options, Oakton Community College, the public library, & the Skokie Swift. A town rich with history dating to 1890, Skokie is home to 65,000 residents and has long thrived as an upper middle class haven due to its close proximity to Chicago, good schools, and plentiful housing stock. Home values and annual incomes are well above national averages.