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$649,000

4831 Wright Terrace

Skokie, IL
Active
8
Bedrooms
1927
Year Built
69
Days On Market

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.

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Listing Information

Listing Updated
08/31/2026
Listed By
Sheila Price · Baird & Warner, 7086975900
MLS#
12742655
Source
Midwest Real Estate Data (MRED)
Status
Active

Facts & Features

Location

Community Information

Address
4831 Wright Terrace, Skokie, IL 60077
City
Skokie
County
Cook
Zip Code
60077

Architecture

Bedrooms
8
Year Built
1927
Construction Materials
Brick
Garage
Yes
Garage Spaces
2
Parking Features
Garage, Detached

Features & Amenities

Heating
Radiant

Property Features

Water
Public

Tax & Financial Information

List Price
$649,000
Annual Taxes
$13,723

Schools

77/100
Devonshire Elementary School
Elementary · Grades KG–05 · 0.9 mi
City
Skokie
Students
314
Parent reviews
5.0★ avg · 2 reviews
Student body
32% White · 26% Asian · 19% Black
Free/reduced lunch
62%
Phone
(847) 568-4901
74/100
Jane Stenson School
Elementary · Grades KG–05 · 1 mi
City
Skokie
Students
346
Parent reviews
4.5★ avg · 4 reviews
Student body
32% White · 28% Asian · 23% Hispanic / Latino
Free/reduced lunch
57%
Phone
(847) 676-7301
68/100
Madison Elementary School
Elementary · Grades PK–02 · 0.4 mi
City
Skokie
Students
674
Parent reviews
4.0★ avg · 2 reviews
Student body
36% White · 33% Asian · 15% Hispanic / Latino
Free/reduced lunch
52%
Phone
(847) 675-3048
62/100
Old Orchard Junior High School
Middle · Grades 06–08 · 1.1 mi
City
Skokie
Students
711
Student–teacher
12.9
Student body
33% White · 28% Asian · 17% Hispanic / Latino
Free/reduced lunch
58%
Phone
(847) 568-7501
56/100
Lincoln Junior High School
Middle · Grades 06–08 · 0.8 mi
City
Skokie
Students
578
Student body
31% Asian · 29% White · 19% Hispanic / Latino
Free/reduced lunch
59%
Phone
(847) 676-3545
56/100
Elizabeth Meyer School
Elementary · Grades PK–KG · 0.9 mi
City
Skokie
Students
210
Student body
37% White · 33% Asian · 13% Hispanic / Latino
Free/reduced lunch
11%
Phone
(847) 673-1223
56/100
Thomas Edison Elementary School
Elementary · Grades 03–05 · 1 mi
City
Morton Grove
Students
529
Student body
37% White · 30% Asian · 18% Hispanic / Latino
Free/reduced lunch
52%
Phone
(847) 966-6210
51/100
Julia S Molloy Education Center
7th & Above · Grades PK–12 · 1.2 mi
City
Morton Grove
Phone
(847) 966-8600

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
08/25/2026Listed for sale$649,000

Listed by Sheila Price · Baird & Warner · 7086975900

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: August 31, 2026 at 5:09 AM | Source: Midwest Real Estate Data (MRED) | MLS#: 12742655

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