9807 Karlov Ave

Skokie, IL 60076
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3 bd, 2 ba | 1,660 sqft | Built in 1960

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List Price
$409,900

Initial Investment

$111,698

Purchase Price

$409,900

Down Payment

25%

Rent

$2,930

Total Return

$75,211

Annualized Return

10.1%

Cap Rate

4.3%

Gross Yield

8.6%

Cash Flow

-$5,928

Appreciation

4.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,487

HOA

None

Flood Risk

Not Required

Located on a charming block in Devonshire Highlands footsteps away from Shabonee Park and Highland Elementary, this all-brick home has a great layout awaiting your design ideas! Three bedrooms, two updated bathrooms, a large driveway and hardwood floors throughout the home. The kitchen can be opened up to create seamless sight lines to the living/dining room. The basement offers a large space for entertainment with a wood burning fireplace and a separate room for laundry, storage and utilities. Recently tuckpointed, the home has great bones but needs TLC . This property has loads of potential thanks to the alley in the back offering an opportunity to build a detached garage. Lots of possibilities for investors and savvy homeowners. Close to Old Orchard Jr High, Niles North High School, Westmoreland Country Club and Westfield Old Orchard Shopping Center. Easy access to Edens Expressway. Property is being sold AS-IS. Easy to show!

See more in Analysis
Jake Fugman
eXp Realty - Jake Fugman - Axon Group

Annual Financial Highlights

Expected Rent

$33,402

Expenses

-$5,946

Property Taxes

-$11,100

Loan Payments

-$22,284

Net Cash Flow

-$5,928

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Yelena Kamyshina
Agent License 475207951
Mark Allen Realty, LLC
Certified Agent Brokerage:Jake Fugman
eXp Realty - Jake Fugman - Axon Group
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12220940
Last Updated: 12/04/2024 18:12
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