Skokie Condo Deconversion Opportunity Comes to Market
Essex Realty Group is marketing a 48-unit garden-style condominium property at 10111-10117 Old Orchard Ct. in the north Chicago suburb of Skokie, IL. Listed for $6,840,000, the property is being offered as a condominium deconversion opportunity under Section 15 of the Illinois Condominium Act.
The units were converted to condos in 2007 and feature hardwood floors, granite countertops, stainless steel appliances, built-in microwave, dishwasher, and a private patio or balcony. Additionally, the property participates in a master association that covers all common area expenses.
“With such high demand for suburban apartment communities of larger scale, and a lack of supply, this is a fantastic opportunity for investors to acquire a sizeable property in a great location at the border of Wilmette and Skokie,” said Essex director and listing broker Matt Feo. Feo and Brian Karmowski are the brokers on the transaction.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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