Under Contract

7941 Karlov Avenue

Skokie, IL 60076
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Bed 8

Bed

Bath 5

Bath

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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Detail Ic Property Details

Property Type : Residential Income

Price : $799,900

AD Id : 85497718

MLS Id : MRD12682834

Beds : 8

Year Built : 1958

Garage : 3

County : Cook

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 8

    Bathroom Information

    Total Baths: 5

    Room Information

    Rooms Total: 17
  • Flooring Information

    Construction Materials: Brick
  • Heating & Cooling

    Heating: Natural Gas WaterSource: Lake Michigan

  • Building Information

    Year Built: 1958

  • Lot Information

    Lot Dimensions: 62X123 Lot Size: Less Than .25 Acre

    Property Information

    Property Type: Residential Income Sub Type: Two to Four Units

  • Listing Price Information

    Original List Price:$799900

  • Tax Information

    Annual Tax: $17929 Tax Year: 2023 Parcel Number: 10272060470000

  • Parking Information

    Total Parking: 3 Yes, Attached, Garage

    Garage Information

    Garage Space: 3

  • Utility Information

    Sewer: Public Sewer, Storm Sewer Water Source: Lake Michigan
  • Location Information

    City: Skokie Direction: 1 block south of Oakton on Karlov
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4757 Howard Street #306, Skokie, IL, 60076 $379,900 2 2 1,900 1,900 SqFt
8344 Kedvale Avenue, Skokie, IL, 60076 $485,000 3 2 --
7600 Lowell Avenue, Skokie, IL, 60076 $679,900 4 2 2,075 2,075 SqFt
8222 Springfield Avenue, Skokie, IL, 60076 $525,000 3 2 2,186 2,186 SqFt
8434 Lawndale Avenue, Skokie, IL, 60076 $675,000 3 3 1,703 1,703 SqFt
3741 Main Street, Skokie, IL, 60076 $425,000 5 3 1,380 1,380 SqFt
9431 Karlov Avenue, Skokie, IL, 60076 $670,000 3 3 2,000 2,000 SqFt
8500 Lawndale Avenue, Skokie, IL, 60076 $599,900 4 3 2,700 2,700 SqFt
4256 Golf Road, Skokie, IL, 60076 $569,000 4 2 2,515 2,515 SqFt
Undisclosed Address, Skokie, IL, 60076 $195,000 2 1 750 750 SqFt
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ByOwner last updated this listing 08/13/2026 @ 06:20

MLS: MRED #12682834 LISTED BY: Bert Gor, HomeSmart Realty Group 630-578-0002 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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