7929 Lincoln Avenue Skokie, IL $ 550,000
7929 Lincoln Avenue
$ 550,000
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7929 Lincoln Avenue

Skokie, IL, 60077
$ 550,000
Bedrooms-- Baths-- Sq 2,815
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Property for Rent in Skokie, IL

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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Rental Active

Price

$ 550,000

Taxes

$ 32,058

Style

Commercial

Lot Size

0.14348

Year Built

1956

Town/City

Skokie

County/Region

Cook

MLS | Web ID

12691261

Features
General
Cooling 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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Exterior
Foundation Details Concrete Perimeter
Building Area Total 2815
Lot Dimensions 50X125
Frontage Type City Street
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* Excluded Features
List By
Northwest Real Estate Group

Broker

dan@northwestregroup.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/1/2026$550,000 Listed Price

Map


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7929 Lincoln Avenue, Skokie, IL, 60077 is a Property for Rent at $550,000 with 2,815 sqft and a lot size of 0.14348. 7929 Lincoln Avenue was built in 1956. The property's zip code is 60077 which is in Skokie, IL