7941 Karlov Avenue Skokie, IL $ 799,900
7941 Karlov Avenue
$ 799,900
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7941 Karlov Avenue

Skokie, IL, 60076
$ 799,900
Bedrooms8 Baths5.0

Monthly Estimate*

$ 4,925

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Multi-Family Home for sale in Skokie, IL

for $799,900 with 8 bedrooms and 5 full baths. This home was built in 1958.

This is an absolute rare-find triplex located on a beautiful tree-lined residential street. Offering over 4,200 square feet across three fully self-contained units, this highly updated property presents an exceptional opportunity for both investors and owner-occupants. The first and second floors each feature spacious 3-bedroom, 2-bath layouts with full kitchens and private living spaces. The lower level offers an additional 2-bedroom, 2-bath apartment, providing tremendous flexibility and income potential. Outside, enjoy a charming courtyard area, plus an incredible combination of a 2-car attached garage and an additional 1-car attached garage accessed from the alley-an uncommon amenity for a multi-family property. All three units are currently occupied by related family members, but the possibilities are endless. Whether you're looking to maximize rental income, create a multigenerational living arrangement, or add a turnkey asset to your portfolio, this meticulously maintained and updated triplex is truly one of a kind. Property is being shown by appointment and each occupant does need proper notice to be able to view the entire building. This property does require a 1 lender short sale however, all the heavy lifting related to the short sale including the application, review, lender value have all been completed. Lender is now considering reasonable offers. Do not allow the short sale to deter you as this is not your typical short sale.

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Multi-Family Active

Price

$ 799,900

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 17,929

Style

Year Built

1958

Town/City

Skokie

County/Region

Cook

MLS | Web ID

12682834

Features
General
Sewer Public Sewer Storm Sewer
Heating Natural Gas
Possession Closing
Garage Spaces 3
Construction Materials Brick
Year Built 1958
Township Niles
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 17
Status New
Directions 1 block south of Oakton on Karlov
City Skokie
High School District 219
MLS Area Skokie
Tax Annual Amount 17929
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 68
Elementary School District 68
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Interior
Basement Finished Full
Total Bedrooms 8
Total Baths 5
Bedrooms Possible 8
Full Baths Building 5
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Yes Attached Garage
Water Source Lake Michigan
Total Parking 3
Lot Dimensions 62X123
Waterfront Y/N N
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* Excluded Features
List By
Homesmart Realty Group

Broker

bert@bertgor.com

Email

Affordability Calculator

$6,419
Per Month
77%
23%
0%
Monthly Principal & Interest
$4,925
Monthly Property Taxes
$1,494
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565677 Elementary School
566044 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/19/2026$799,900 Listed Price

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7941 Karlov Avenue, Skokie, IL, 60076 is a Multi-Family Home for sale at $799,900. 7941 Karlov Avenue has 8 bedrooms, 5.0 baths, and was built in 1958. The property's zip code is 60076 which is in Skokie, IL