4936 Greenwood St, Skokie IL 60077

The Only 6-Unit Multifamily Asset Currently Available in Skokie offering investors a rare opportunity to acquire a well-positioned building in a highly desirable submarket.

Unique Unit Mix Featuring 14 Total Bedrooms, allowing for stronger rental income potential compared to typical multifamily properties in the area.

Highly Desirable Corner Location providing abundant natural light throughout all units and enhancing tenant appeal.

Exceptionally Well-Maintained Property, with mostly updated units and clean, professionally maintained common areas that minimize near-term capital expenditures.

Excellent Value-Add Opportunity, with rents positioned below market and a clear path to increase income based on current market conditions and comparable in-house leasing data.

Strong Upside Potential through strategic rent growth while benefiting from the property's attractive unit configuration and sought-after Skokie location.

4936 Greenwood Street is a six-unit multifamily property located in Skokie, Illinois, one of Chicagoland’s most established and desirable suburban communities. Positioned within a stable residential neighborhood, the property benefits from consistent renter demand supported by convenient access to employment centers, retail destinations, public transportation, and the broader North Shore market.

The building features a compelling unit mix comprised of four three-bedroom, one-bathroom apartments and two one-bedroom, one-bathroom apartments. This concentration of three-bedroom residences is a notable differentiator in the Skokie multifamily market, where larger apartment layouts are relatively limited. The spacious floor plans are well suited for families, roommates, and residents seeking additional living space, helping broaden the potential tenant base and support long-term leasing demand.

As a six-unit asset, the property offers investors an efficient and manageable ownership profile with the advantage of operational simplicity. Smaller multifamily properties can provide a straightforward path to stable income production while still offering meaningful upside through thoughtful management and rent growth over time.

The combination of a desirable suburban location, a versatile unit mix, and enduring rental demand positions 4936 Greenwood Street as an attractive investment opportunity. For buyers seeking a well-located asset in a proven market, the property presents the potential for steady cash flow and long-term value creation in one of the region’s most established residential submarkets.