$799,900

7941 Karlov Avenue, Skokie, IL 60076

Active Under Contract
8 beds 0 baths Built 1958 Residential Income MLS #MRD12682834 9 days on market
Listing courtesy of HomeSmart Realty Group · 630-578-0002 · MLS #MRD12682834 · Status: Active Under Contract
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.

Property details

Interior

Basement
Finished, Full
Total rooms
17

Building & exterior

Age
61-70 Years
Exterior
Brick

Parking

Garage spaces
3
Total spaces
3
Parking details
Yes, Attached, Garage

Lot & location

Lot dimensions
62X123
Township
Niles
County
Cook

Utilities

Heating
Natural Gas
Water
Lake Michigan
Sewer
Public Sewer, Storm Sewer

Schools

Elementary
(68)
Junior high
(68)
High school
(219)

Taxes & terms

Annual taxes
$17,929 (2023)
Parcel number (PIN)
10272060470000
PIN
10272060470000
Ownership
Fee Simple
Possession
Closing
Special conditions
Short Sale
Listed
6/19/2026

What would this home cost per month?

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Estimated monthly payment
$0
Principal & interest
Property taxes
Insurance
PMI (under 20% down)
HOA / assessments

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Listings courtesy of MRED as distributed by MLS GRID. MLS GRID

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