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8156 Knox Avenue Skokie, IL 60076 Multi Unit - Multiple Contingent

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Description

Rare opportunity to own an updated and exceptionally versatile brick 2-flat in a prime Skokie location. Whether you're an investor seeking strong cash flow potential or a savvy owner-occupant looking to house hack (live in one unit and rent out the other), this property offers flexibility, income potential, and major capital improvements already completed. Each of the two main units features 3 bedrooms, 1 full bathroom, spacious living areas, hardwood flooring throughout, and modern kitchens and baths. The kitchens are highlighted by stainless steel appliances, white shaker cabinets, and granite countertops. Attached to each unit are enclosed porches which could be used for extra storage space or an office/den. Since purchasing the property in 2021, the current owner has continued to improve the building with significant upgrades, including a water heater replacement (2022), new roof (2024), new siding (2024), newer A/C unit (2024), and more! The basement, non-conforming unit offers additional finished living space with a separate entrance, bedroom, bathroom, kitchen, and living area, presenting outstanding flexibility for extended family, guests, home office use, storage, or potential future income opportunities. Additional features include separate utilities for the two main units, coin-operated laundry, flood control system/sump pump, detached 2-car garage, and an additional exterior parking space. Conveniently located near Downtown Skokie (shopping, restaurants, bars, etc), parks, I-94, and public transportation (buses and CTA yellow line).

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 6
Bathrooms: 3
County: Cook
High School: Niles West High School
Listed By:
Second City Real Estate 312-392-1650
MRED MLS
$689,500
Est. $4,557/mo
6beds
3baths
2cars
Contingent
BEDS6 BATHS3 full MLS#12686851
STATUSContingent PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 219

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8156 Knox Avenue, Skokie, IL 60076.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $689,500$689,500$689,500
Down Payment $137,900$24,133$172,375
Monthly Mortgage Amount $3,396$4,114$4,294
Taxes $960$960$960
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$303$0
Monthly Estimated Total $4,557$5,578$5,455

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