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$799,900
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Property Description
Exceptional 2-Unit Investment Opportunity in the Heart of Skokie! This well-maintained two-unit building offers the perfect combination of comfort, flexibility, and income potential. Each unit features a spacious layout with abundant natural light, generous living areas, and functional floor plans. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this property is full of possibilities. Conveniently located near shopping, dining, parks, schools, and major transportation, this is an opportunity you won't want to miss!
Full Property Details
Full Property Details for 4840 Old Orchard Rd
General
- Price: $799,900
- Taxes: $13,536 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12704411
- Updated: 7/20/2026
- Added to Site: 49 day(s) ago
Rental Information
- Complex Features: Curbs, Sidewalks, Street Lights, Street Paved
Interior
- Basement: Partially
Rooms
Bathrooms
- Total Bathrooms: 5
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 6
Additional Information
- Other Features: Interstate Access
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Total Spaces: 5
- Parking Features: Garage Door Opener, Yes, Attached, Off-Alley, Driveway, Alley Access, Basement, Garage Faces Front, Storage, Garage
Location
- Area: Skokie
- County: Cook
- Township: Niles
- Driving Directions: Take Old Orchard Rd east of Skokie Blvd to property. Property is located on the north side of Old Orchard Rd.
School Information
- School District: 68
- Elem School District: 68
- Midd School District: 68
- High School District: 219
- Elementary School: Highland Elementary School
- Middle School: Old Orchard Junior High School
- High School: Niles North High School
- Private School: Niles North High School
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer, Storm Sewer
- Water: Lake Michigan, Public
Structural Information
- Construction: Brick, Concrete
- Exterior Const.: Brick, Concrete
- Basement: Yes
- Basement Desc.: Partially Finished, Partial
- Year Built: 1966
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Additional Structures
- Other Structures: Garage Faces Front
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 42 x 117
Financial Considerations
- Assessment Year: 1966
- Tax Amount: $13,536.02
- Tax Year: 2024
- Pays Sewer: Public Sewer, Storm Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 10092030800000
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Schools
Schools serving 4840 Old Orchard Rd
School Districts:Skokie School District 68, Niles Township Community High School District 219
| Name | Grades | Distance |
|---|---|---|
Old Orchard Jr High School 9310 Kenton Avenue, Skokie, IL 60076 | 6-8 | 0.9 mi |
Highland Elementary School, Skokie, IL 9700 Crawford Avenue, Skokie, IL 60076 | K-5 | 1.1 mi |
Niles North High School 9800 Lawler Avenue, Skokie, IL 60077 | 9-12 | 0.4 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 4840 Old Orchard Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,937
—
$68,000
31%
2023
$12,937
-3%
$51,783
-6%
2022
$13,374
45%
$54,999
63%
2021
$9,218
1%
$33,680
—
2020
$9,127
-3%
$33,680
-12%
2019
$9,429
-12%
$38,273
-4%
2018
$10,776
-17%
$40,000
-17%
2017
$13,035
-2%
$48,038
-7%
2016
$13,348
5%
$51,449
13%
2015
$12,703
2%
$45,510
—
2014
$12,407
—
$45,510
—
2013
$12,379
7%
$45,510
-2%
2012
$11,592
—
$46,280
—
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 4840 Old Orchard Rd
4840 Old Orchard Road, Skokie, IL 60077 (MLS# 12704411) is a Multi-Family property with 2 units containing 6 bedrooms and 0 full bathrooms. 4840 Old Orchard Road is currently listed for $799,900 and was received on July 14, 2026. Want to learn more about 4840 Old Orchard Road? 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.

