8029 Lincoln Avenue Skokie, IL 60077
COMMERCIAL - Skokie, IL
- Added:
- Jul 8, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 12 at 2:06 am
Property Features for 8029 Lincoln Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 10214140580000
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9356
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1994
- Floors in Building
- 3
- Number of units
- 24
Listing agent Claudia Goehner
Listing office Redfin Corporation 112 S. Sangamon St. #400, Schamburg, IL (224) 699-5002
Listing date Jul 8, 2026
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The third level features two generously sized bedrooms and two full bathrooms, including a primary suite. A dedicated laundry closet is also located on this upper level. An attached two-car garage supports convenient parking and additional storage. The main-level commercial space is set up with its own storage room and private bathroom, creating a separate option for client-facing use or professional work.
The property’s mixed-use design can support a small business, home office, or creative studio while still maintaining comfortable residential space upstairs. With convenience to dining, shopping, entertainment, and public transportation, it offers a practical way to blend work and living in one address.
Key Highlights
- 1994‑built mixed‑use home in Skokie with approximately 1,469 sq. ft., 2 bedrooms, and 2.5 bathrooms
- Main living level features a bright, open layout with a modern kitchen and stainless steel appliances, plus eating area and living room
- Private balcony off the main level
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.1k | $30.00 |
| − Vacancy | −$4.4k | −$3.00 |
| EGI | $39.7k | $27.00 |
| − OpEx | −$14.9k | −$10.13 |
| NOI | $24.8k | $16.88 |
