7929 Lincoln Avenue
Skokie, IL, 60077 $ 550,000
Bedrooms-- Baths-- Sq 2,815 for $550,000. This 2,815 square foot property was built in 1956 on a lot size of 0.14348.
Prime investment opportunity in the heart of Skokie! This exceptionally well-maintained, income-producing two-unit commercial building offers the ideal combination of stable cash flow and long-term upside. Both spaces are occupied by established, long-term tenants, providing immediate, reliable income from day one. Each unit includes dedicated basement storage, while the expansive rear parking lot offers 14 on-site parking spaces-an outstanding amenity for tenants and customers alike. Tenants are responsible for their own utilities and contribute toward the real estate taxes, helping to minimize ownership expenses and maximize returns. Ideally situated in a high-visibility, high-traffic location, the property is surrounded by prominent businesses and community destinations, including Chase Bank, Skokie Theatre, Skokie Public Library, Village Hall, Bank of America, popular restaurants, charming local shops, and established residential neighborhoods. Excellent accessibility to Interstates I-90 and I-94 provides convenient connections throughout the North Shore and Northwest suburbs, downtown Chicago, and O'Hare International Airport. Whether you're expanding your investment portfolio or seeking a property for future owner-occupancy, this turnkey asset delivers dependable income, exceptional location, and outstanding long-term growth potential. HURRY!
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FeaturesGeneralCooling Central Air
Zoning COMMR
Construction Materials Brick
Year Built 1956
Electric Circuit Breakers Service - 0 to 100 Amps Service - 101 to 200 Amps
Tenant Pays Air Conditioning Electricity Heat Taxes Scavenger Sewer
Stories Count 1
Property Subtype Mixed Use
Tax Year 2023
Current Use Commercial
Gross Income 60000
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status New
Directions Oakton South on Lincoln to 7929
City Skokie
Number Of Units Total 2
MLS Area Skokie
Lot Size Square Feet 6250
Tax Annual Amount 32058
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Lease Type Net
Standard Status Active
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ExteriorFoundation Details Concrete Perimeter
Building Area Total 2815
Lot Dimensions 50X125
Frontage Type City Street
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* Excluded FeaturesList ByNorthwest Real Estate GroupBroker
dan@northwestregroup.comEmail
NearbyAbout Skokie, IL 63,990 Population
1% Since 2002
$ 69,514 Median Income
42.93 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/1/2026 | $550,000 | | Listed Price |