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
Price:
$799,900
MLS #:
MRD12682834
Status:
Active
Beds:
8
Baths:
5
Type:
Multi Family
Neighborhood:
skokie
Listed Date:
Jun 19, 2026
Year Built:
1958
See this Listing
Schools
School District:
219
Interior
Heating
Natural Gas
Exterior
Construction Materials
Brick
Garage Spaces
3
Parking Features
Yes, Attached, Garage
Parking Spots
3
Parking Total
3
Financial
Tax Year
2023
Taxes
$17,929
Map
Community
- Address7941 Karlov Avenue Skokie IL
- CitySkokie
- CountyCook
- Zip Code60076
Market Summary
Current real estate data for Multi Family in Skokie as of Jun 20, 2026
9
Multi Family Listed
44
Avg DOM
$708,066
Avg List Price
Property Summary
- 7941 Karlov Avenue Skokie IL is a Multi Family for sale in Skokie, IL, 60076. It is listed for $799,900
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Copyright 2026. All rights reserved.
7941 Karlov Avenue
Skokie, IL


