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$649,000 Just Listed
Property Description
A rare opportunity to own a renovated brick 2-flat. Live in one unit, rent the other, and let your tenants cover some of your expenses. If you are an investor seeking strong cash flow, this property delivers both lifestyle and financial value. The first and second floor units each offer three spacious bedrooms, generously sized living rooms, and separate dining areas - an inviting layout perfect for everyday living and entertaining. Both units have been upgraded with cherry kitchen cabinets, stainless steel appliances, and granite countertops, along with beautifully refreshed bathrooms and rich hardwood floors throughout, adding warmth and character to every room. The lower level has been transformed into a versatile in-law suite, featuring two bedrooms, a full bathroom, a living room, and a dedicated laundry room designed for both comfort and flexibility. Ideally situated just outside the city, the property offers easy access to public transportation, shopping, and everyday conveniences. A park directly behind the property provides a peaceful, natural backdrop, a welcome retreat from the pace of city life. This is a rare find that combines classic charm, modern finishes, and exceptional income potential. Schedule your showing today because opportunities like this don't last long.
Full Property Details
Full Property Details for 4831 Wright Terrace
General
- Price: $649,000
- Taxes: $13,723 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12653153
Interior
- Basement: Finished, F
Rooms
Bathrooms
- Total Bathrooms: 1
- Upper - Full Baths: 1
Bedrooms
- Total Bedrooms: 8
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: Skokie
- County: Cook
- Township: Niles
- Driving Directions: Merge onto IL-58 E/Dempster Street, turn right onto Skokie Blvd, turn right onto Wright Terrace, destination will be on the left.
School Information
- School District: 69
- Elem School District: 69
- Midd School District: 69
- High School District: 219
Heating & Cooling
- Heating Type: Radiant
Utilities
- Sewer: Storm Sewer
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Full
- Year Built: 1927
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 30 x 124
Financial Considerations
- Assessment Year: 1927
- Tax Amount: $13,723
- Tax Year: 2023
- Pays Sewer: Storm Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 10212200180000
Listed by Baird & Warner
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Schools
Schools serving 4831 Wright Terrace
School Districts:Skokie School District 69, Niles Township Community High School District 219
| Name | Grades | Distance |
|---|---|---|
Madison Elementary School, Skokie, IL 5100 Madison Street, Skokie, IL 60077 | PK-2 | 0.4 mi |
Lincoln Jr High School, Skokie, IL 7839 Lincoln Avenue, Skokie, IL 60077 | 6-8 | 0.8 mi |
Thomas Edison Elementary School 8200 Gross Point Road, Morton Grove, IL 60053 | 3-5 | 1 mi |
Niles West High School 5701 Oakton Street, Skokie, IL 60077 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 4831 Wright Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2023
$13,723
—
$61,000
39%
2023
$13,723
—
$44,000
—
2022
$13,716
13%
$44,000
31%
2021
$12,188
1%
$33,654
—
2020
$12,102
-3%
$33,654
-13%
2019
$12,435
15%
$38,683
28%
2018
$10,815
-8%
$30,207
-8%
2017
$11,788
6%
$32,779
—
2016
$11,107
12%
$32,779
18%
2015
$9,932
13%
$27,815
—
2014
$8,812
-1%
$27,815
—
2013
$8,909
-15%
$27,815
-20%
2012
$10,529
—
$34,610
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4831 Wright Terrace
4831 Wright Terrace, Skokie, IL 60077 (MLS# 12653153) is a Multi-Family property with 2 units containing 8 bedrooms and 0 full bathrooms. 4831 Wright Terrace is currently listed for $649,000 and was received on June 01, 2026. Want to learn more about 4831 Wright Terrace? Do you have questions about finding other Multi-Family real estate for sale in Skokie? You can browse all Skokie real estate or contact a Coldwell Banker agent to request more information.
