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$650,000

Under Contract
9835 Keeler Ave, Skokie, IL 60076
4 Beds
2 Baths
2,520 Square Feet
0.00 Acres Lot
Built in 1962
Under Contract
Units n/a
Checked: 14 hours ago
Updated: Jul 02, 2025 at 03:43AM

Investment Summary


Monthly Cash Flow
-$1,590
Cap Rate
2.7%
Cash-on-Cash Return
-12.8%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-8.4%

Property Description


0.00 Acres Lot
Built in 1962
Under Contract
Units n/a

Be prepared to be wowed by this Mid-Century stunner as you step into the heart of the home, a bright open combination of living, dining and kitchen spaces. The living and dining rooms feature a wall of newer West facing windows including a custom bow window, newer hardwood floors and an expansive view of the ground level family room and rear yard. Living room easily accommodates an 8 ft plus sofa! The kitchen is truly the hub of this home with its lively backsplash tiles certain to bring a smile for its whimsy and flair. Extensive quartz countertops, 42" white upper cabinets complimented by lower espresso cabinets, stainless steel appliances including a wine frig, porcelain tile floor, convenient microwave drawer, unique mixer pop-up shelf for the baker, and a custom-built island table makes this space a true chef's delight! The kitchen also provides a separate service entry to the side driveway. Highlights of the upper level are a large primary bedroom suitable for a king size bed, two sizable family bedrooms, all with ample closet space, and an updated full bathroom with double vanity sink. A wide staircase seamlessly connects the main living spaces and the sizeable family room level with an entry foyer, a 4th bedroom currently used as an office and an adjacent full bathroom with walk-in shower, a secluded space perfect for den, study, music or craft room, and easy access through a newer slider door to the inviting yard and garden. Here is a gardener's delight with finished space for outdoor patio dining and a separate seating area to enjoy the perennials and the friendly cardinal that likes to hang out on the fence. This ground level family living area also has access to the partially finished subbasement featuring another family room type space or recreation room and an updated laundry/mechanical area. The oversized detached two car garage and custom wood fence rounds out the home's assets. Home has leased solar panels installed in 2023. Conveniently located within minutes of Westfield Old Orchard Shopping Center, Edens Expressway, Skokie Hospital, Jewel, North Shore Center for Performing Arts, Culver's, and Home Goods. This home has space to meet all your needs!

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Location


Property Details


Parking

  • Description: Detached Garage
  • Details: Concrete, Garage Door Opener, On Site, Detached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 9
  • Basement: Yes
  • Basement Description: Partially Finished, Partial

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Concrete Perimeter
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1010407042
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1962

Tax Information

  • Annual Tax: $8,665

Utilities

  • Heating: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Cook

Listing Details


Listed by:
Barbara Kramer
Coldwell Banker Realty
(847) 370-1944

Source:
Midwest Real Estate Data (MRED)
MLS#: 12337154
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$1,590
Cap Rate
2.7%
Cash-on-Cash Return
-12.8%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-8.4%

Purchase Details

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Purchase price:
$650,000
Amount financed:
-$520,000
Down payment:
$130,000
Closing costs:
$19,500
Rehab costs:
$0
Initial cash invested:
$149,500
Square feet:
2,520
Cost per square foot:
$258
Monthly rent per square foot:
$1.27

Financing Details

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Loan amount:
$520,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,076
Property tax:
$722
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,022

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (23%)
23%-$722-$8,665
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (48%)
48%-$1,522-$18,265

Cash Flow


Monthly Yearly
Net operating income:
$1,486 $17,832
Mortgage payments:
-$3,076 -$36,912
Cash flow:
$1,590 $19,080