7941 Karlov Avenue, Skokie, IL

$799,900

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8

Beds

About 7941 Karlov Avenue

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.

Features of 7941 Karlov Avenue

MLS® # 12682834
Price $799,900
Bedrooms 8
Bathrooms 0.00
Year Built 1958
Type Residential Income
Sub-Type Two to Four Units
Status Contingent
Taxes $17,929

Community Information

Address 7941 Karlov Avenue
Area Skokie
City Skokie
County Cook
State IL
Zip Code 60076

Amenities

Parking Spaces 3
Parking Yes, Attached, Garage
# of Garages 3
Is Waterfront No
New Construction No
Has Pool No

Interior

Heating Natural Gas
Fireplace No
Has Basement Yes
Basement Finished, Full

Exterior

Exterior Brick

School Information

District 219

Additional Information

Days on Market 9
Foreclosure No
Short Sale Yes
RE / Bank Owned No

Listing Details

OfficeHomeSmart Realty Group

Listing Map

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