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INVESTMENT HIGHLIGHTS
- Superior Location
- Strong Deomographics
- Value-Add Potential
- Area Development
- Utilities, Construction & Amenities
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase two multi-family investment properties located at 8042 and 8046-8050 Kilpatrick Avenue in Skokie, Illinois (the “Properties”). The two story brick building at 8042 Kilpatrick Avenue contains four (4) residential units comprised of four (4) 2-Bedroom/1-Bathroom units with 5,000 square feet of living area and 5,658 square feet of total gross area on 0.13 acres of land. 8046-8050 Kilpatrick Avenue is a three story brick building containing eleven (11) residential units comprised of eight (8) 2-Bedroom/1- Bathroom units and three (3) 1-Bedroom/1-Bathroom units with 9,300 units of living area in 10,000 square feet of total gross area on 0.27 acres of land. In total, there are fifteen (15) residential units with twelve (12) 2-Bedroom/1-Bathroom units and three (3) 1-Bedroom/1-Bathroom units with 14,300 square feet of total living area in 15,658 square feet of total gross area on 0.40 acres of land. The Properties feature an on-site laundry facility and on-site parking for fourteen (14) vehicles at the rear of the Properties. The Properties are extremely well-located along Kilpatrick Avenue in a densely populated residential neighborhood seconds from Oakton Street (IL Route 58), Skokie Boulevard, and Lincoln Avenue (US Highway 41), three of the area’s primary commercial and commuter corridors. The Properties enjoy access to area schools, grocery stores, restaurants, and numerous other retail amenities. The Properties are ideally positioned for commuters with quick and convenient access to public transportation (the Oakton- Skokie “L” Station and Morton Grove METRA Station) and area highways (US Highway 41, and Interstate 94).
PROPERTY FACTS
| Price | $2,750,000 | Number of Properties | 2 |
| Price / SF | $175.63 / SF | Individually For Sale | 0 |
| Cap Rate | 5.11% | Total Building Size | 15,658 SF |
| Sale Type | Investment | Total Land Area | 0.39 AC |
| Status | Active |
| Price | $2,750,000 |
| Price / SF | $175.63 / SF |
| Cap Rate | 5.11% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 15,658 SF |
| Total Land Area | 0.39 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 8046 Kilpatrick Ave, Skokie, IL 60076 | Multifamily | 10,000 SF | 1958 | - |
| 8042 Kilpatrick Ave, Skokie, IL 60076 | Multifamily | 5,658 SF | 1951 | - |
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8042 & 8046-8050 Kilpatrick Ave
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